Udemy – Anti-Money Laundering AML/CFT – Practical Case Studies

This is a practical, real-life, and scenario-based AML/CFT case studies course, suitable for Compliance, Risk Management, Controls, and Audit professionals. If you are working as a Chief Compliance Officer CCO, Money Laundering Reporting Officer MLRO, Deputy Money Laundering Reporting Officer DMLRO, AML Analyst, AML/CFT Reviewer, CDD/KYC Professional, Regulator, Risk Management Professional, Compliance Risk Manager, or Audit Professional, then this course is for you.

Financial institutions are required to implement the AML/CFT Programs to avoid the financial system’s exploitation by criminals, such as money launderers and fraudsters. Regulators, such as the Central Banks, State Banks, or AML Regulators, impose heavy fines on institutions, companies, and businesses that do not comply with the requirements of the AML/CFT framework and regulations. The Financial Action Task Force (FATF) has also issued its recommendations, the adoption of which helps ensure the implementation of strong AML / CFT measures and practices and handle different possible suspicious transactions and cases. This course is designed to provide you with sound knowledge about the AML/CFT case studies that Compliance Professionals encounter in their day-to-day jobs.

Case Studies Learning Outcome;

• In the above case studies, you will learn the different scenarios/activities involving different customers such as individuals, businesses, companies, and transactions/activities reviewed and investigated, including crypto, wire transfer, illegal funds transfer, etc.
• You will learn important ‘AML/CFT and CDD/KYC Concepts and Workflow’ implemented in regulated Institutions.
• You will also learn the reasons of suspicious/red alerts and how they are addressed by the ‘AML Compliance Officer/MLRO’ of the Institution. You will learn how the MLRO investigates, thinks through different scenarios/activities under the light of AML Regulations/FATF Recommendations, collaborates with stakeholders/experts for data/evidence collection, and implements AML decisions.
• You will learn how MLRO educates the AML Analyst for the Implementation of specific FATF Recommendations, including Due Diligence, and EDD for onboarding compliance.
• You will also learn how the AML Analyst formally gives AML Compliance Advisory to internal stakeholders, under the guidance of the MLRO.
• You will also learn to perform ‘AML Risks Reviews’, AML Risk ‘Heat Map’, and ‘AML Risks Action Plan’, etc.

ASSIGNMENT

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

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