Have you ever wondered how terrorists can finance their operations? Or how traffickers can buy luxuries without hindrance? More importantly, how can organizations avoid being systematically used for money laundering, and what are countries doing to prevent money laundering?

Money laundering is internationally listed as one of the most complex crimes to prevent.

In the last decades institutions have dedicated great efforts to combat this criminal modality that seriously damages the financial system.

In this course you will learn what Money Laundering is about, important aspects about the legal framework that regulates this matter, the sanctions that can be faced and especially about the solutions that can be provided to combat it. Compliance is a mandatory process for all businesses every day, that is why we have designed the course for beginners as well as for experienced professionals seeking to apply for international certifications such as CAMS and ICA.

Added Value with this course

8  Real Case Studies

1 Role Play

6  Templates for you to download and use

1  Compliance program implementation Simulation

1  Mock Exam of ICA AML Certification

7  Red Flag Analyses practice exercise

46 Quiz Questions

9  Articles for further reading

Certificate of Completion

The course includes a Certificate of Completion that you can use to demonstrate your newly acquired skills and professional value through a better understanding of Anti-Money Laundering compliance.

How is this course structured?

Study and Understanding of Financial Crimes

• Money Laundering

  • We will study the concepts and important points about Money Laundering

  • Understand the Precedent Crimes of Money Laundering

  • Money Laundering Methods

  • Stages of Money Laundering Crime

  • Analyze a real Case Study related to Money Laundering

• Financing of Terrorism and Proliferation of Weapons of Mass Destruction

  • We will study the concepts and important points about TF and WMD

  • Stages of Financing of Terrorism

  • We will analyze 2 real case studies related to Financing of WMD

• Corruption

  • We will study the concepts and important points about Corruption

  • You will learn how to use some web portals to identify the level of corruption in countries

  • We will review some of the most important laws worldwide such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery

  • We will analyze 2 real case studies where the FCPA is applied

• International Anti-Money Laundering and Counter Terrorist Financing Standards

  • We will review and analyze the main International Standard worldwide, the Financial Action Task Force (FATF), including 2025 updates.

  • We will make a brief summary of the FATF's 40 recommendations. As a compliance officer it is essential that you master this topic so you will be provided with a downloadable resource with the complete document.

  • We will review and analyze other International Standards such as the Basel Committee on Banking Supervision and Wolfsberg Group.

• Sanctions List

  • You will understand what the most important worldwide Sanctions Lists are composed of such as OFAC, UN List, OFSI and European Nations (EU).

  • You will learn how to use the Web portals offered by OFAC and the UN; in order to perform an accurate Due Diligence.

  • We will analyze 3 real Case Studies related to the sanctions lists.

• Corporate Vehicles

  • We will study and analyze the most commonly used corporate vehicles to commit financial crimes such as Offshore Jurisdictions, Shell Companies, Trusts among others.

Combating Money Laundering, Terrorist Financing and Weapons of Mass Destruction Proliferation in Practice

• Compliance Program

  • We will understand what constitutes a complete compliance program and review the documentation (including example forms)

    • Compliance Officer

    • Risk Assessment based on a Risk Based Approach.

    • Policies, Processes and Procedures

    • Internal Control System

    • Training / Coaching

    • Independent Reviews (Audits)

  • The importance of the Code of Ethics and Conduct for the regulated entity.

  • Due diligence and execution of Know Your Customer (KYC) process

  • Verification of Source of Funds (SOF) and Source of Wealth (SOW)

  • Politically Exposed Persons (PEP)

  • Suspicious Transaction Reporting (STR)

• Practice Exercise - Compliance program implementation

  • We will simulate AML scenarios of a Tech Company where you as Compliance Officer must develop a compliance program

• Practice Exercise - Red flags Analyses

• Mock Exam for ICA International Diploma in Anti Money Laundering