Learn Anti Money Laundering , Know Your Customer and CFT

About Learn Anti Money Laundering , Know Your Customer and CFT

Welcome to this class on Anti Money Laundering, Know Your Customer and Combating Financial Terrorism. This is a specially designed course from Banking Professionals / FI Professionals and anyone interested in learning the AML/KYC/CFT Concepts.The specialty of this course is that we will cover practical case studies along with various concepts.These days terrorist organizations are becoming more global and are carrying their activities and operations from far away geographic locations. But the biggest question is what makes them possible to execute all these terrorist attacks? Obviously, these things can't be achieved without money. So how they are able to get this huge amount of money?

Well, the answer to this question is Money Laundering. Which is the core topic of this course. They just take the advantage of loopholes in the financial system to channel huge sums of money for terrorist activities.

Terrorism is just one face of Money laundering. In fact, there are countless other reasons which make money laundering a very important topic. So this course will guide you in spotting those red flags related to money laundering both in your organization as well as in society in general.

You can be the next whistleblower wrt Money laundering in your organization or wrt clients.

This class covers the following topics and also covers case studies related to AML, KYC topics-

What this class covers ?

What is Financial Transaction?

What is Money Laundering?

How financial institutions are used for money laundering

Why is money laundered?

Stages Process of Money Laundering

Practical Example - Money Laundering Process

Sources of Dirty Money that is laundered

Terrorist Financing

Methods of Money Laundering

HAWALA

The Financial Intelligence Unit

PMLA Act 2002

Reporting of Suspicious Transactions.

Reports prescribed under PMLA, 2002

How to behave when faced with an abnormal or suspicious transaction or activity

CDD- Customer Due Diligence

“SAFE” approach

Politically Exposed Persons

Know Your Customer (KYC)

Money Laundering and Terrorist Financing Red Flags

Why robust AML-CFT mechanism important?

International Standards.

Case Studies