Quick Video explaining concepts of AML/CFT in a simplified manner.
Author of this course is Sachin Rao (CAMS) working with Complyfin DWC LLC ., and the voice over artist is Mr.Jim Cosens , a professional voice over artist based in USA has provided the voice over services for this course on Anti Money Laundering and Countering of Terrorist Financing.
A must course for every professional in today's world, learn about What is (AML) Anti-Money Laundering, Various stages of Money Laundering and how criminal organizations disguise & convert their dirty money into clean money to avoid detection from regulatory bodies, learn about (CFT) Countering Financing of Terrorism, identify key differences between the flow of (ML) Money Laundering and (TF) Terrorist Financing methods and keep yourself and your organization protected from Money Laundering & Terrorist Financing Abuse. Understand the importance of (KYC) Know Your Customer & (KYCC) Know Your Customer's Customer requirements , learn about compliance requirements for individual/personal customers and corporate customers, Learn about UBO's(Ultimate Beneficial Owners) and what supporting documents are to be collected based on international best practices . Learn on how to identify and write suspicious activity and transaction reports, effectively learn about identifying suspicious activities of customers and report proactively to assist regulatory bodies. understand who is a PEP/FPEP (politically Exposed Persons/Foreign Politically Exposed Persons) and when & how to conduct EDD(Enhanced Due Diligence). This course will help you manage Regulatory Expectations proactively and secure your profession, your organization & businesses from the Risk of Money Laundering & Terrorist Financing abuse.
A Robust Compliance AML/CFT Regime for a secure Tomorrow....
*We strongly recommend students looking forward for higher , advanced and professional studies in the field of AML/CFT should consider joining ACAMS, as earning CAMS designation is considered as the global gold standard in AML certifications.
Disclaimer " we are not associated with any institutions or academy or organizations likes ACAMS etc, our recommendations are to be considered as personal suggestions only based on our personal past experiences without assuming any liabilities of whatsoever nature or manner"
Learn what is Money Laundering , and whats are the sources of dirty money .and how they convert illegitimate money into clean money. what are the sources of dirty money.
what are basic stages of money laundering , understand the three stages and how money launderers use the different stages to place, layer and integrate illegitimate funds into legitimate financial system.
Understand what is Terrorist Funding , As a professional how to identify the difference between Money Laundering and Terrorist Funding activities & Flow of Funding. What are the motives , Detection focus , Financial Activity and Money trail.
Reasons and areas of concerns and what are the risks for Banks/ FI's(Financial Institutions) and for you as a Professional.
Understand the steps involved in KYC/KYCC and steps involved. What is it all about and how it helps banks/FI's ,to reduce the Risk of ML/TF Abuse and what documentation is required for personal and corporate customers, what details are required for on-boarding customers and providing them financial services.
Concept of EDD and what does it involve and when to apply EDD measures on what type of customers.
Understand what are Suspicious Transactions, importance of reporting attempted and conducted transactions and how to write and report STR's effectively.
What are instances of possible ML activities and what should raise internal alerts , How to identify suspicious behaviour of customers, understand whats is structuring and many other important indicators.
Understanding Compliance, AML/CFT is a pre-condition these days each and every professional is required to participate and contribute positively to fight against the abuse of Money Laundering & Terrorist Funding for a better and secured future.
Description of quiz to be edited later. Details like how to answer the questions how to get help etc. can be given here.
Sachin Rao (CAMS) works for ComplyFin DWC LLC, a seasoned Management Consulting Company which provides specialized GRC consulting and subject - based intelligence & Advance learning through customized AML/CFT coaching.We have the expertise to cater to all sector specific requirements, providing Compliance and Risk Management Systems, Consulting ,Coaching and Solutions to a variety of industry verticals and participants
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We understand same fit solutions does not apply to all.We have a combined experience of over 50 years through our patners in various spheres of our activities, hence giving complete customised solutions to meet your needs.