Module 1: Introduction to Anti-Money Laundering
Overview of Money Laundering and its impact on the global
economy
Key AML regulations (FATF, EU Directives, Bank Secrecy Act)
The role of financial institutions in preventing money
laundering
The Money Laundering process and stages (placement,
layering, integration)
Module 2: AML Regulatory Framework
Overview of global AML standards and best practices
The Financial Action Task Force (FATF) and its 40
Recommendations
AML compliance and the role of national regulators
Overview of key AML laws and compliance guidelines (e.g.,
US PATRIOT Act, EU AML Directives)
Module 3: Customer Due Diligence (CDD) and
Enhanced Due Diligence (EDD)
Understanding the CDD process and identifying high-risk
customers
Risk-based approach in AML practices
Key components of CDD and EDD: Identity verification, risk
profiling, ongoing monitoring
Customer risk assessment and when to apply EDD
Module 4: Detection and Monitoring of
Suspicious Activities
Recognizing common money laundering red flags and
typologies
Effective transaction monitoring systems and tools
Analyzing high-risk transactions and behaviors
Reporting suspicious activities and SARs (Suspicious
Activity Reports)
Module 5: Reporting Obligations and Compliance
Requirements
Regulatory reporting requirements: SARs and STRs
(Suspicious Transaction Reports)
The role of Financial Intelligence Units (FIUs)
Penalties for non-compliance and risk mitigation strategies
How to develop and maintain an AML program
Module 6: Case Studies and Practical
Application
Real-world case studies of money laundering detection and
prevention
How AML measures are applied in different sectors: Banking,
insurance, real estate
Interactive group exercise to identify and mitigate risks
in financial transactions
Interactive Components
Hands-On Labs: Practical exercises
involving transaction monitoring tools and risk assessments.
Group Discussions:
Discussing the real-world challenges of AML compliance and effective
strategies.
Case Studies: Analyzing historical
money laundering cases to understand detection and reporting mechanisms.
Scenario-Based Exercises:
Participants will engage in scenario-based activities to detect suspicious
transactions and implement AML procedures
