Hivi Technology

Anti-Money Laundering (AML) Online Course: Become a Compliance Expert

Anti Money Laundering Online Training

Anti - Money Laundering Module

Course Syllabus: Understanding Anti-Money Laundering (AML)


Module 1: Introduction to Money Laundering

  • Definition and Concept of Money Laundering
  • Historical Background and Evolution of Money Laundering
  • Understanding the Impacts of Money Laundering on Society and the Economy
  • Overview of International Efforts to Combat Money Laundering


Module 2: Legal and Regulatory Framework

  • Introduction to AML Laws and Regulations
  • Key AML Regulations and Directives (e.g., USA PATRIOT Act, EU AML Directives)
  • Regulatory Bodies and Agencies Responsible for AML Oversight (e.g., FinCEN, FATF)
  • Compliance Requirements for Financial Institutions and Other Regulated Entities


Module 3: Know Your Customer (KYC) and Customer Due Diligence (CDD)

  • Importance of KYC and CDD in AML Compliance
  • Principles of Customer Identification and Verification
  • Conducting Customer Due Diligence: Assessing Customer Risk Profiles
  • Enhanced Due Diligence (EDD) for High-Risk Customers and Business Relationships


Module 4: Transaction Monitoring and Suspicious Activity Reporting (SAR)

  • Overview of Transaction Monitoring Systems (TMS)
  • Identifying Suspicious Transactions and Activities
  • Reporting Requirements for Suspicious Activity Reports (SARs)
  • SAR Filing Process and Collaboration with Law Enforcement Agencies


Module 5: Anti-Money Laundering Controls and Procedures

  • Implementing AML Controls and Procedures within Financial Institutions
  • Designing and Maintaining AML Compliance Programs
  • Conducting Risk Assessments and Internal Audits
  • Training Employees on AML Policies, Procedures, and Red Flags


Module 6: Money Laundering Techniques and Typologies

  • Understanding Money Laundering Methods and Techniques
  • Common Money Laundering Typologies (e.g., Structuring, Smurfing, Trade-Based Laundering)
  • Case Studies and Examples of Money Laundering Schemes
  • Identifying Indicators of Potential Money Laundering Activities


Module 7: International Cooperation and Information Sharing

  • Importance of International Cooperation in AML Efforts
  • Role of International Organizations (e.g., FATF, Basel Committee) in Setting AML Standards
  • Mutual Legal Assistance Treaties (MLATs) and Cross-Border Cooperation
  • Information Sharing Mechanisms and Platforms for AML Intelligence


Module 8: Emerging Trends and Technologies in AML

  • Impact of Technological Advancements on Money Laundering Risks
  • Application of Data Analytics and Machine Learning in AML Compliance
  • Virtual Currencies and Cryptocurrency Risks in AML
  • Addressing Challenges and Risks Associated with Emerging Trends


Module 9: AML Compliance in Non-Financial Sectors

  • Extending AML Compliance Beyond Financial Institutions
  • AML Requirements for Designated Non-Financial Businesses and Professions (DNFBPs)
  • AML Obligations in Real Estate, Gaming, Legal, and Professional Services Sectors
  • Challenges and Best Practices for AML Compliance in Non-Financial Sectors
  • 1 to 1.5 Month
  • Weekdays : Mon to Fri ( 1hr/day )
  • Weekend: 2hrs/day
  • Flexible Time
  • Free Session Videos
  • Course Completion Certificate
  • Lifetime Customer Support
  • Placement Support
  • Resume Preparation
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