Anti-Money Laundering (AML) for Compliance Officers

In the ever evolving and intricately connected global financial landscape, countering financial crimes, particularly money laundering and terrorist financing, stands as a crucial imperative. Across the globe, financial institutions, regulatory bodies, and law enforcement agencies are intensifying their collaborative endeavours to thwart illicit financial activities. At the forefront of this ongoing battle are compliance officers, serving as the primary guardians of the financial system's integrity and transparency.

By the end of this DixonTech training course, participants will be able to:

• Understand the fundamentals of AML regulations and their implications for compliance officers.
• Identify and mitigate money laundering risks within their organizations.
• Implement effective AML compliance programs and procedures.
• Conduct AML investigations and suspicious activity reporting
• Stay up to date with AML regulatory changes and best practices.

TRAINING IS TAILORED TO

TRAINING MYTHOLOGY

DixonTech's training program employs a diverse set of established adult learning methodologies, ensuring participants achieve maximum understanding, comprehension, and retention of the presented information. The facilitator adopts an interactive approach, delivering engaging presentations that integrate slides, videos, group discussions, and practical exercises. This multifaceted approach aims to thoroughly explore all facets of the subject, enhancing the learning experience and allowing participants to apply theoretical knowledge in a practical context.

DAY ONE:

INTRODUCTION TO AML COMPLIANCE

• Understanding Money Laundering and Terrorist Financing
• Key AML Regulations and Regulatory Bodies
• Role and Responsibilities of Compliance Officers
• Customer Due Diligence (CDD) and Know Your Customer (KYC) Procedures

DAY TWO:

 RISK ASSESSMENT AND MITIGATION

• AML Risk Assessment
• Risk-Based Approach to AML Compliance
• Transaction Monitoring and Suspicious Activity Reporting
• Case Studies and Practical Exercises

DAY THREE:

 AML COMPLIANCE PROGRAMS

• Developing and Implementing AML Policies and Procedures
• Training and Awareness Programs
• AML Compliance Testing and Audit
• Regulatory Reporting Requirements

DAY FOUR:

AML INVESTIGATIONS AND REPORTING

• Conducting AML Investigations
• Recognizing Red Flags and Unusual Activity
• Reporting Suspicious Transactions
• Collaboration with Law Enforcement and Regulatory Agencies

DAY FIVE:

EMERGING TRENDS AND BEST PRACTICES

• International AML Standards and Trends
• Cybersecurity and AML Challenges
• Ethical Considerations in AML Compliance
• Final Assessment and Certification