AML/CFT Fundamentals: The Global Framework

Anti-Money Laundering AML/CFT October 25, 2025
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Introduction

This comprehensive course provides a solid foundation in Anti-Money Laundering and Counter-Terrorist Financing principles and practices. Participants will explore the international standards set by organizations like FATF and understand how these are implemented across different jurisdictions. The course covers the essential concepts, terminology, and regulatory requirements that form the backbone of effective AML/CFT compliance programs. Through practical examples and case studies, learners will develop the knowledge needed to navigate the complex global AML/CFT landscape.

Objectives

Key Learning Objectives:

  • Understand the fundamental concepts of money laundering and terrorist financing
  • Identify the key international standards and organizations governing AML/CFT
  • Recognize the three stages of money laundering process
  • Comprehend the role and responsibilities of financial institutions in AML/CFT
  • Learn about the global framework and international cooperation mechanisms
  • Identify the consequences of non-compliance with AML/CFT regulations
  • Understand risk-based approach fundamentals
  • Recognize the importance of customer due diligence in the global context

Target Audience

  • New compliance officers and staff
  • Banking and financial services professionals
  • Law enforcement and regulatory agency personnel
  • Legal professionals entering financial crime practice
  • Audit and risk management professionals
  • Corporate executives overseeing compliance functions
  • Students pursuing careers in financial compliance
  • Fintech and payment services employees

Methodology

  • Interactive case studies of major money laundering cases
  • Group discussions on regulatory challenges
  • Scenario-based exercises for risk assessment
  • Role-playing activities for compliance decision-making
  • Individual research assignments on international standards
  • Quizzes and knowledge checks
  • Expert guest speaker sessions (virtual or recorded)

Personal Impact

  • Enhanced understanding of global financial crime landscape
  • Improved ability to identify money laundering risks
  • Stronger foundation for compliance career advancement
  • Increased confidence in dealing with regulatory requirements
  • Better risk assessment and analytical skills
  • Professional network expansion with compliance peers

Organizational Impact

  • Reduced regulatory compliance risks
  • Enhanced reputation and stakeholder confidence
  • More effective allocation of compliance resources
  • Improved detection and prevention capabilities
  • Stronger compliance culture throughout organization
  • Better preparation for regulatory examinations

Course Outline

Unit 1: Introduction to Money Laundering and Terrorist Financing

Basic Concepts and Definitions
  • Definition and scope of money laundering
  • Terrorist financing vs. money laundering
  • Historical evolution of AML/CFT efforts
  • Global impact and economic consequences
The Money Laundering Process
  • Placement stage techniques and methods
  • Layering stage complexity
  • Integration stage finalization
  • Common typologies and case examples

Unit 2: International AML/CFT Standards and Organizations

Key International Bodies
  • Financial Action Task Force (FATF) role and recommendations
  • World Bank and IMF involvement
  • Basel Committee on Banking Supervision
  • Egmont Group and FIUs cooperation
Global Implementation Framework
  • FATF 40 Recommendations overview
  • Mutual evaluations and follow-up processes
  • High-risk and non-cooperative jurisdictions
  • International sanctions and their application

Unit 3: Regulatory Requirements and Compliance Obligations

Core Compliance Components
  • Customer due diligence requirements
  • Record-keeping and retention periods
  • Suspicious activity reporting obligations
  • Employee training requirements
Risk-Based Approach Fundamentals
  • Understanding risk assessment methodology
  • Customer risk categorization
  • Product and service risk analysis
  • Geographic risk considerations

Unit 4: Institutional Responsibilities and Governance

Organizational Framework
  • Role of the Money Laundering Reporting Officer
  • Board and senior management responsibilities
  • Compliance function structure and independence
  • Internal controls and monitoring systems
Culture of Compliance
  • Tone from the top importance
  • Ethical considerations and professional standards
  • Whistleblowing mechanisms and protection
  • Continuous improvement and adaptation

Unit 5: Emerging Trends and Future Challenges

Contemporary Issues
  • Digital assets and cryptocurrency risks
  • Trade-based money laundering evolution
  • Cybercrime and digital laundering methods
  • Environmental and social governance factors

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