AML/KYC Fundamentals Course

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.

In this training you will learn about:

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 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

PART III : Know Your Customer: Collectable data; Politically exposed person; Beneficial owner; Source of wealth and source of funds; Customer due diligence

Lecturer: Mari-Liis Kurg

Target group: All employees of the financial sector

Participation fee for a single person is €99 + VAT 

The pricing model is based on the number of employees, contact us for an offer designed for your need.

All participants will receive certification

Outcomes of the training:

After completing the training, the participant:

• understands that money laundering consists of several stages;
• associates the need to apply know-your-customer and other compliance measures to prevent money laundering;
• is aware that anti-money laundering is regulated on an international level;
• associates the design of lines of defense with organization´s management;
• distinguishes between money laundering and terrorist financing.

Duration of the training:

1 hour out of which 90% is lecture and 10% independent work

Learning environment:

Webinar. Interactive lecture on an e-learning platform

Requirements for passing the training:

The certificate of completing the training will be given after the passage of the knowledge test by answering correctly more than 80% of the questions.