Anti-Money Laundering (AML) Training in Bangkok, Thailand

This training will equip participants with a comprehensive understanding of Anti-Money Laundering (AML) regulations, methodologies, and best practices to detect and prevent money laundering activities. The course is designed for professionals in financial institutions, compliance teams, and regulatory bodies who need a practical, in-depth guide to combat money laundering risks and ensure adherence to global compliance standards.

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