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Implementation of Anti Money Laundering AML Framework

Name: Implementation of Anti Money Laundering AML Framework
Rating: 4.2 (97 reviews)

Anti Money Laundering AML Framework Implementation in Financial Institutions FIs including Banks

Created byGovernance Risk and Compliance GRC by GRC Professional

Last updated 7/2026

English

English [Auto],

What you'll learn

You will learn the Money Laundering and Anti Money Laundering AML / CFT Regulatory requirements with practical examples,
You will learn about Money Laundering ML Risks Factors and How ML risks are avoided and managed by financial institutions,
You will learn about Governance Structure and Compliance Hierarchy in a bank or FI, to combat the Money Laundering ML risks,
Practical examples are covered to understand the AML regime.
You will learn about the Negative Media, Adverse Media Searches, Its Sources and Importance in AML
Due Diligence measures, Money Laundering Risk Assessment, Risk Classification Factors (with examples),
Suspicious Activities and Transactions and Filing of Suspicious Activity Reports (SAR)
You will be able to confidently talk and discuss on AML subject with AML, Compliance, Risk Management or other professionals.
AML CFT Test is also a part of this course to test your AML / CFT knowledge.
DOWNLOADABLE AML/CFT CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS
DOWNLOAD - AML/CFT - 'INDEPENDENT REVIEW' MODEL CHECKLIST USED BY AML/CFT CONSULTANTS AND REVIEWERS
DOWNLOAD SCREENING CHECKLISTS - CDD KYC Screening Checklists - Customer, PEP, Beneficial Owner, and Negative Media Screening Checklists

Course content

14 sections • 41 lectures • 2h 30m total length

Introduction1:25
Course Instructor Introduction1:24
An experienced compliance and risk professional introduces practical anti money laundering and countering the financing of terrorism insights, focusing on customer due diligence and trade based money laundering.
Why Anti Money Laundering AML Course is Important1:20
Explain why anti money laundering (aml) framework and guidelines are essential for the financial system, and how regulators and institutions safeguard against laundering.
Downloadable AML CFT Compliance Checklists at the End of this Course1:26
Download four practical AML CFT checklists covering customer due diligence, enhanced due diligence, transaction monitoring and red flags, suspicious activity reporting, and internal audit of AML CFT controls.
Downloadable CDD KYC Screening Checklists including Customer, PEP, BO, Media1:01
Download a CDD and KYC screening checklist covering name and sanctions, beneficial owner, PEP, and negative media screening to guide 28–30 specialized checks.

What is Compliance and Regulatory Compliance. What are Specific Examples7:49
Differentiate compliance from regulatory compliance by examining internal policies and external rules. Learn how AML-CFT policies and board approval align with central banks and other regulators to govern organizations.
Introduction to Money Laundering ML4:35
Institutions Exposed to Money Laundering ML2:31
The lecture identifies institutions exposed to money laundering, including banks, investment firms, leasing, insurance, exchange, and brokerage houses, and explains how criminals misuse deposits, loans, and transfers to launder funds.
Financial Institutions and Categories of Customers1:25
Examples of Money Laundering ML Scenarios4:06
Explore examples of money laundering schemes, showing how illegal proceeds are funneled through businesses, cash, and assets to conceal origin and enter the financial system.
Knowledge Test0:37
Explore how money launderers handle illegally earned money and identify organizations exposed to money laundering risk, then compare your answers with the model answer sheet.

Anti Money Laundering AML Measures and Its Purpose1:58
Implement anti money laundering measures to prevent criminals from disguising illegally obtained funds as income, comply with laws, deter crime, and report activities to authorities, mitigating regulatory and financial risk.
Knowledge Test0:32
Explore the different purposes of anti money laundering measures and practice hiding the answer, then compare it with an answer sheet.

Risks faced by Financial Institutions due to Money Laundering2:38
Explore how money laundering exposes financial institutions to operational, regulatory, legal, and reputational risks, including failures in internal controls during account opening that trigger penalties and losses.
Knowledge Test0:23
Analyze the different types of risks arising from money laundering and craft your own answer, then compare it with a provided solution in this knowledge test.

Institution's Hierarchy and TLOD model to Combat Money Laundering8:33
Explore how the board, senior management, and middle management implement anti money laundering policies. Examine the three lines of defense—front line staff, compliance, human resources, information technology, and internal audit.
Establishing Good Governance and Effective AML Regime6:28
Knowledge Test0:37
This knowledge test prompts students with a question from the AML framework topic, asks them to write their own answer, and then compare it with the provided answer.
Money Laundering Risk Assessment and Risk Based Approach5:57

Customer Due Diligence CDD - New Customers8:07
Implement customer due diligence for new customers by identifying and verifying beneficial owners and ownership structures. Perform kyc checks, monitor accounts, and verify sources of funds for compliance and reporting.
Customer Due Diligence CDD - Existing Customers3:34
existing customers undergo ongoing due diligence based on risk, updating income and account activity as needed, and banks file suspicious transaction reports when activity is suspect.
Knowledge Test1:19
Explore customer due diligence and know your customer (KYC) concepts as financial institutions perform KYC before opening or the customer's account, highlighted in a knowledge test with answer sheets.
Simplified Due Diligence SDD Measures4:20
Knowledge Test0:23
High Risk Factors to Classify Customers as "High Risk"2:55
To understand the High-Risk category, let's discuss some high-risk factors, which necessitate the classification of a customer as a "Hig-Risk" customer.
Enhanced Due Diligence EDD Measures2:46
Enhanced Due Diligence (EDD) measures are performed for high-risk activities and customers, including politically exposed persons, NGOs, NPOs, persons belonging to high-risk countries, customers doing cash-intensive businesses, etc. The purpose of EDD measures is to obtain more detailed information to avoid the risk of onboarding criminals or money launderers.
Employees Due Diligence Measures0:48
Screen candidates, verify identity, education, and employment history, review other publicly available information, and ensure they pass the interview before issuing an offer letter.
Knowledge Test0:33
Take the knowledge test to determine who performs employee due diligence and when employer due diligence measures occur, and assign HR to handle and implement measures at hiring.

Suspicious Transactions and Reporting STRs2:41
Learn how to identify suspicious transactions within the anti-money laundering framework that deviate from a customer's basic information, prepare STRs, obtain CEO approval, and file reports to regulators.
Examples of Suspicious Transactions or Activities2:34
Let's discuss some examples of transactions or activities, which create doubts that the transaction is a "suspicious transaction", which necessitates investigation by the Compliance Team.

Appointment of MLRO2:42
Appointing the mlro is a core regulatory requirement; select a senior, independent leader with aml and kyc experience to oversee monitoring, investigation, and the aml compliance program.
Accountability of MLRO3:22
Define the accountability of the money laundering reporting officer to the regulator and the compliance committee; ensure transaction thresholds, monitor activity, investigate red alerts, and file suspicious transaction reports.
Roles of Money laundering Reporting Officer (MLRO)2:22
The Money Laundering Reporting Officer (MLRO) is a key position in the institution and is responsible for the implementation of the AML Framework and regulatory requirements. Let's discuss the MLRO and his roles.
7 Steps Performed by MLRO to Investigate a Suspicious Transaction13:57
We will discuss the "7 crucial and sequential steps" that an MLRO of a Financial Institution performs to investigate an identified Suspicious Transaction. A Scenario of a Suspicious Transaction shall be discussed to understand the 7-step process

Requirements

Basic knowledge about Compliance, Risk Management and AML.

Description

This course will explain to you the practical concepts of Anti Money Laundering AML measures that are provided in AML/CFT Guidelines and Regulations generally issued by AML/CFT Regulators.

AML measures are adopted and implemented by financial institutions FIs such as Banks, Investment Banks, Leasing Companies, Brokerage Houses, Money Exchange Companies, Investment companies, etc. to combat money laundering risks and activities.

Financial Action Task Force FATF Recommendations also emphasize on the implementation of AML / KYC measures at the regulator and institutional levels therefore every financial institution in the world has implemented the AML Framework to avoid the system's exploitation by criminals and money launderers.

DOWNLOADABLE AML CFT CDD KYC RESOURCES

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

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

You will learn various important concepts related to AML - Compliance such as:

- Money Laundering,

- Anti Money Laundering AML,

- Money Laundering ML Exposed Organizations,

- Know Your Customer's KYC,

- Beneficial Owners BO,

- Customer Due Diligence CDD measures (New Customers, Existing Customers),

- Types and Categories of customers,

- Identification and Verification,

- High-Risk ML factors, and Low-Risk ML Factors,

- Threshold, Scenarios,

- Employees' Due Diligence,

- Negative Media or Adverse Media Searches,

- Sources of Negative Media and Importance in AML CDD/KYC Compliance,

- Suspicious transactions,

- AML team,

- Roles and Accountability of Money Laundering Reporting Officer (MLRO),

- Appointment of Money Laundering Reporting Officer (MLRO) etc.

- ML Risk Assessment and Transaction Monitoring,

- 7 Step Investigation Process performed by Money Laundering Reporting Officer (MLRO) to Investigate a Suspicious Transaction

IMPORTANT INTERVIEW QUESTIONS FOR THE POSITION OF MLRO ARE INCLUDED - Part 1 and Part 2

Practical examples and scenarios are discussed in this course.

In this course, you will also learn Compliance Terminologies used in the Corporate World.

This course is designed based on practical working experience in the Compliance AML Function and is relevant for practical knowledge as well as for education purposes.

DOWNLOADABLE RESOURCES

By attending this course, you will be able to download the following AML/CFT Compliance checklists;

1. CDD KYC CHECKLIST

2. ENHANCED DUE DILIGENCE EDD

3. TRANSACTION MONITORING CHECKLIST

4. AML/CFT - INTERNAL AUDIT CHECKLIST

5. AML/CFT - 'INDEPENDENT REVIEW' MODEL CHECKLIST USED BY AML/CFT CONSULTANTS AND REVIEWERS

6. DUE DILIGENCE AND KNOW YOUR CUSTOMER CDD/KYC 'SCREENING' CHECKLISTS - CDD KYC Screening Checklists - Customer, PEP, Beneficial Owner, and Negative Media Screening Checklists

How Will You Benefit From This Course?

By attending this course, you will:

- be able to download various AML/CFT CHECKLISTS including, AML CFT / CDD KYC / EDD / Transaction Monitoring and AML Internal Audit Checklists

- be able to link practical scenarios related to AML

- be able to talk confidently with Compliance and AML Specialists

- be able to work in consultancy firms in their compliance functions

- get a certificate of completion of this course

- be able to perform more research and analysis on AML practices and trends in the world etc.

Who Should Attend This Course:

Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals, Financial Intelligence Unit FIU professionals, Compliance professionals, AML/CFT Professionals, Branch Managers, Operations Managers, Risk Managers, Auditors, Finance professionals, Product Managers, CAMS students, Audit students, and others who have basic knowledge about Compliance and AML and want to learn more about this important area.

Who this course is for:

Compliance professionals, AML professionals, Finance professionals, Audit professionals, Risk Management Professionals, CAMS students, FRM students, CIA students and any one who wants to learn the Anti Money Laundering AML framework with examples.

Implementation of Anti Money Laundering AML Framework

What you'll learn

Explore related topics

Course content

Introduction5 lectures • 7min

Anti Money Laundering6 lectures • 21min

Anti Money Laundering AML Measures2 lectures • 3min

Risks Faced by Institutions due to Money Laundering Activities2 lectures • 3min

Hierarchy and Defense Model to Combat Money Laundering ML and Risk Management4 lectures • 22min

Risk Classification Factors1 lecture • 8min

Due Diligence DD Measures9 lectures • 25min

What is Negative Media, What are Its Uses, Sources and Importance in AML1 lecture • 9min

Suspicious Transactions and Reporting2 lectures • 5min

Appointment and Roles of Money laundering Reporting Officer (MLRO)4 lectures • 22min

Requirements

Description

Who this course is for: