Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) training
- New to AML and CFT? Lost in abbreviations? Or simply lost the overview?
Working with AML and CFT can be daunting at first and it can take some time before an employe picks up on the many abbreviations and understands the processes and methods used. This course gives a fundamental understanding of AML and CFT. It enables participant to be part of an AML and CFT operation. Participants learn what the many terms and abbreviations mean, the main legislative bodies, and the purpose of the many legislations and industry standards. The course also includes basic understanding of how to do a low level Due Diligence, a redflag exercise and understand how a risks assessment may be conducted. The course is recommend to employees who are new or who need refresher training on standard approaches within AML and CFT.
Knowledge, skills and competences
Participants will be able to be part of an AML and CFT operation by learning how to use the methods that ensures compliance and how to uncover money laundering schemes .
Introduction to AML and CFT methods
Understand and work with AML and CFT procedures
Understanding legislative bodies
How to work with a Risk Based Approach (RBA)
How to make a Due Diligence (DD)
How to make an Ongoing Due diligence (ODD)
How to gather KYC (know your customer)
Basic assessment of if there is reason to suspect money laundering
Duration
This is a full day course. Participants are asked to accomplish a number of basic assignments at the end of the day to complete the course.
Training Methods
The course can either be made online as a full day interactive webinar (6 hours excluding 1 hour break), or it can be held as a workshop on site.
Requirements
Participants may come from any industry or background to participate in this session.
Trainer
The trainer for this session is Jens Marquard Sørensen