This Anti-Money Laundering (AML), Know Your Customer (KYC) training course is designed to help those who work in regulated financial sectors (including Crypto Companies) and desire to enhance their knowledge.
Money Laundering is the process of disguising the origin of funds obtained from illegal activities. Money Laundering itself is a financial crime and can be a potential indicator of terrorist funding, international criminal networks, and various global crimes. Therefore, the knowledge and awareness of AML are crucial for the employees of the financial sector.
PART I : Risk Governance:
Risk management; Effective AML program; AML compliance officer's duties, obligations, and rights; Risk assessment; Risk appetite; Money laundering prevention in practice
PART II : Industry Standards:
Regulation hierarchy; Relevant laws and regulations; AML directives
PART III : Know Your Customer:
Collectable data; Politically exposed person; Beneficial owner; Source of wealth and source of funds; Customer due diligence
PART IV : Financial Crime:
Stages of money laundering; Sanctions; Terrorism financing; Suspicion of money laundering
PART V : High Risk Indicators:
Suspicious activity; Suspicious transaction; High risk countries and territories; High risk indicators; Non-transparent transactions