Upon successful completion of this program, participants will be able to:

• Explain the stages of money laundering and the key methods used to exploit financial systems.
• Master the requirements of the Financial Action Task Force (FATF) 40 Recommendations and relevant local regulations.
• Conduct thorough Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring.
• Identify and manage risks related to Politically Exposed Persons (PEPs) and high-risk jurisdictions.
• Implement and tune effective rule-based and behavioral transaction monitoring systems.
• Prepare and file accurate and timely Suspicious Activity Reports (SARs) to Financial Intelligence Units (FIUs).
• Understand the legal and operational requirements for compliance with international sanctions programs.
• Develop and maintain an effective, risk-based AML/CFT compliance program (ABC).

• AML/CFT Compliance Officers and Managers
• Financial Crime Prevention Specialists
• Branch Managers and Relationship Managers
• Internal and External Auditors
• FinTech and Payments Compliance Personnel
• Legal and Regulatory Compliance Teams
• Senior Management in regulated firms (e.g., MSBs, Casinos)

• **Scenarios:** Analyzing a customer’s complex transaction history and deciding whether to file a Suspicious Activity Report (SAR).
• **Case Studies:** Detailed review of a major financial institution's settlement agreement for AML failures and identifying the control gaps.
• **Group Activities:** Collaboratively conducting an Enhanced Due Diligence (EDD) review for a high-risk Politically Exposed Person (PEP) client.
• **Individual Exercises:** Mapping a customer's source of wealth/funds and identifying two potential red flags associated with the jurisdiction.
• **Mini-Case Studies:** Rapid evaluation of a new technology (e.g., AI/ML) for improving the efficiency of transaction monitoring alerts.
• **Syndicate Discussions:** Debating the ethical obligations of financial institutions to "de-risk" clients in high-risk sectors.
• **Compliance Presentation:** Drafting a briefing on the firm's current AML risk exposure for the Board.

Unit 1: Global AML/CFT Regulatory Landscape

• The three stages of Money Laundering: Placement, Layering, and Integration.
• Overview of the Financial Action Task Force (FATF) and its global influence.
• Key requirements of major regional AML directives (e.g., 5AMLD, FinCEN).
• Understanding the concept of risk-based approach (RBA) in AML compliance.
• The legal implications and penalties for AML/CFT non-compliance.
• Case studies of major regulatory failures and enforcement actions.

Unit 2: Customer Due Diligence (CDD) and KYC

• Detailed procedures for Know Your Customer (KYC) and identity verification.
• Standard Customer Due Diligence (CDD) and when to trigger Enhanced Due Diligence (EDD).
• Identifying and verifying the Ultimate Beneficial Owner (UBO) for corporate entities.
• Risk rating customers and developing a risk matrix for ongoing monitoring intensity.
• Managing the specific risks associated with Politically Exposed Persons (PEPs).

Unit 3: Transaction Monitoring and Screening

• Principles of effective transaction monitoring system design and calibration.
• Identifying red flag behaviors, typologies, and unusual transaction patterns.
• Managing and reducing false positives generated by monitoring systems.
• The critical process of sanctions screening against global lists (OFAC, UN, EU).
• Trade-based money laundering (TBML) schemes and detection methods.

Unit 4: Reporting and Investigation

• The legal requirement and process for filing Suspicious Activity Reports (SARs).
• Conducting internal investigations into potential AML/CFT violations.
• Maintaining accurate audit trails and supporting documentation for compliance.
• Structuring the internal whistleblowing and reporting process.
• The importance of maintaining confidentiality throughout the investigation process.

Unit 5: Program Management and Training

• Designing and implementing a comprehensive, risk-based AML/CFT program.
• Requirements for ongoing employee training and awareness programs.
• Conducting independent testing and auditing of the AML/CFT controls.
• Managing changes in regulatory requirements and technological advancements.
• The role of the Compliance Officer and the reporting structure to the Board.