Anti-Money Laundering AML/CFT - Practical Case Studies

Hello and welcome to 'Anti-Money Laundering and Countering Financing of Terrorism AML/CFT - Case Studies' Course.

WHY THIS COURSE MATTERS TO YOU?

This is a practical, real-life, and scenario-based AML/CFT case studies course. This course is suitable for professionals working in Regulatory Compliance, Anti-Financial Crime Compliance. Risk Management, AML/CFT Controls, AML/CFT Audit, Fraud Investigation, AML/CFT Advisory Firms, Risk and Compliance Consulting Firms, etc.

• Did you know that banks, money exchange businesses, law firms, accounting firms, and even jewelry dealers are required by law to detect and prevent financial crimes like money laundering, terrorist financing, and fraud?

  • These institutions and organizations are required to implement AML/CFT Systems, Programs, and Processes to identify suspicious activities/transactions and avoid the misuse of financial systems by criminals, such as money launderers, terrorists, fraudsters, tax evaders, etc.

• Today regulators such as Central Banks, State Banks, Securities Commissions, are imposing massive fines and penalties on institutions that fail to comply with Anti-Money Laundering and Countering the Financing of Terrorism AML/CFT regulations.

  
  

• That's where you come in

  • By understanding how AML/CFT Systems, Programs, and Investigations work, you can become a highly valuable professional in one of the most in-demand compliance fields worldwide.   

  • In this course, you will learn how financial institutions identify suspicious transactions, conduct investigations, and implement AML/CFT controls that align with AML/CFT Regulations and Financial Action Task Force (FATF) Recommendations, the global gold standard for financial crime prevention.

  • This course will help you build expertise that financial institutions and DNFBPs need and understand how the AML/CFT team works, thinks, and takes AML/CFT compliance decisions in different ML/TF risk scenarios and red-alerts. 

    
    

WHAT WILL YOU LEARN IN THIS COURSE?

• Understand the core of 'Money Laundering ML

  • Discover what money laundering really is, how it happens, and why it is one of the biggest financial threats.

• Explore real-life money laundering cases

  • Analyse actual case studies and learn how financial crimes are detected, investigated, and prevented in real institutions.

• Master Anti-Money Laundering AML and Risk Levels

  • Gain a solid understanding of AML frameworks, controls, and varying levels of AML risks across different business operations.

• Build a complete AML /CFT Compliance Program

  • Learn the essential components every compliance officer and institution must implement to stay audit-ready and regulator-compliant.

• Identify and handle AML-linked Transactions

  • Understand how institutions detect, review, and manage high-risk financial activities and transactions.

• How Transaction Monitoring Systems TMS Backend Works to Calculate Transaction Specific Risk Scores before generating Transaction Alerts for review of MLRO

• You will learn how a 'Transaction Monitoring System TMS' works at the back-end.

  • You will learn 'Formulas' to calculate 'Total Weighted Scores' and 'Final Transaction Risk Score'.

    • The  Transaction Monitoring TMS system uses Formulas to calculate different Scores for different Risk Factors. Scores calculated include 'Total Weighted Scores' and 'Final Transaction Risk Score'. We will discuss Scores, Risk Factors, and Formulas in detail in this course.

• Map Transactions to AML Risk Levels with Confidence

  • Learn how AML Analysts and investigators classify and map suspicious activities to specific risk levels for better decision-making.

    
    

• By attending this course, you can Download Free Resources, including the following;

  - AML/CFT CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS 

  - CUSTOMER DUE DILIGENCE AND KNOW YOUR CUSTOMER CDD / KYC SCREENING CHECKLISTS

  - RISK HEATMAP AND ACTION PLAN

CASE STUDIES COVERED IN THIS COURSE

The course includes various practical, real-life case scenarios and case studies to help you understand how the AML/CFT Compliance Function and Team operate in day-to-day practice.

Real-life case studies you will explore

• Case Study - 'High-Risk' Account Onboarding and EDD Investigation

  • Step into the role of the onboarding and compliance teams handling a high-risk customer - Learn how enhanced due diligence EDD is performed

• Case Study - The Corrupt Account Opening Officer Case - Fake Account, and AML/CFT Compliance Team's Response.

  • You will learn how the compliance team detects and acts against an internal employee involved in opening fake accounts and the corrective actions that follow.

• Case Study - Three Customers, Three Red Flags

  • Investigate three unique Suspicious Activities Cases, analyse AML Red-Alerts, and experience how Money Laundering Reporting Officer MLRO makes real-world decisions.

• Case Study - High Net Worth Individual HNWI under the Lens

  • Understand how Compliance, Relationship Manager RM, and MLRO Team collaborate when a wealthy client triggers an AML alert.

• Case Study - FATF Recommendations In Action - The PEP Onboarding Case

  • Apply global FATF standards as you handle the onboarding of a Politically Exposed Person or a PEP. Make risk-based onboarding decisions.

• Case Study - 'AML Risk Review' and 'Risk Heat-Map' Creation

  • Learn how to conduct an AML Risk Review, build an AML Risk Heat Map, and design a strategic Action Plan for risk mitigation.   

CASE STUDIES LEARNING OUTCOMES

• Through these case studies, you will learn how;

  • Different customers - Individuals, businesses, and companies are reviewed for suspicious activities such as crypto, wire transfers, and illegal funds transfers.

  • How 'AML/CFT and CDD/KYC Frameworks and Workflows' are implemented in regulated Institutions to detect and manage ML/TF risks.

  • Suspicious Activities/Red Alerts are identified, analyzed, and escalated by AML Officers and MLROs using global best practices and FATF Recommendations.

  • You will learn how the MLRO investigates, collaborates with stakeholders, and makes decisions backed by evidence, ML/TF data points and AML Regulations/FATF Recommendations.

  • AML Analyst and MLROs work together to apply CDD. EDD and AML Advisory to internal stakeholders.

• You will also practice performing 'AML Risk Reviews', build an 'AML Risk Heat Map', and creating a 'Risk Action Plan' - skills every compliance professional must master.

  
  

DOWNLOADABLE RESOURCES

AML HEAT MAP AND ACTION PLAN

- By attending this course, you will be able to download - Case Study on AML Heat Map and Action Plan

DOWNLOADABLE CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS

- By attending this course, you will be able to freely download the following AML/CFT and CDD/KYC Checklists for your more practical learning and understanding;

1. CDD KYC Checklist

2. EDD and Suspicious Transaction Reporting Checklist

3. Transaction Monitoring and Red Flags Checklist

4. AML CFT Program - Internal Audit Checklist

5. AML/CFT and CDD/KYC Processes - 'Independent Review' Checklist

   
   

ASSIGNMENT

• Develop 'Risks Heat Map' and Action Plan, as we discussed in a Case Study.

MULTIPLE CHOICE QUESTIONS - MCQs

• This course includes Multiple-Choice-Questions MCQs designed to test and strengthen your practical understanding of real-world AML/CFT concepts.

Benefits of This Course

• This practical scenario-based course provides deep insights into how AML/CFT and CDD/KYC Compliance are managed by industry experts, including Money Laundering Reporting Officers MLROs, AML Analysts, Compliance Officers, etc.

• By the end of this course, you will not only understand how compliance teams and stakeholders operate in real institutions but also get the confidence to engage professionally with AML/CFT experts, teams, and consultants. 

• Upon completion, you will receive a Course Completion Certificate and access to lectures empowering you to pursue exciting roles in Compliance, AML/CFT and, Risk Consultancy Firms.

Who Should Attend This Course:

• Bankers, Gateways and MSBs Professionals, Leasing Professionals, Crypto-Exchange Compliance Professionals,

• Regulators - Financial Intelligence Unit FIU Professionals,

• AML / CFT Professionals, MLROs, DMLROs, AML Analysts,

• Customer Due Diligence and Know Your Customer - CDD/KYC Professionals,

• Designated Non-Banking Finance Professionals DNFBPs - Lawyers, Accountants, Real-Estate Agents, etc.

• Owners/Trustees/Managers of NPOs/NGOs 

• Branch and Operations Managers,

• Risk Management Professionals,

• Auditors and Internal Controls Professionals,

• AML/CFT students, CAMS students, Audit students, Risk Management Students, and others who want to learn more about AML/CFT Compliance Case Studies and Scenarios.