Live Online Anti-Money Laundering and Financial Crime Prevention

Financial institutions that fail to detect laundering face heavy fines, lost correspondent banking relationships and lasting reputational damage, and regulators expect controls to keep pace with new typologies. The week starts with how money laundering and terrorist financing work, the FATF Recommendations and the national legal and regulatory framework. You then apply the risk-based approach, conducting enterprise-wide risk assessments, KYC, customer due diligence, enhanced due diligence for politically exposed persons and beneficial ownership checks. Day three covers transaction monitoring rules, alert handling, red flags and writing quality suspicious transaction reports.

Further sessions address fraud, sanctions screening, bribery and corruption, and emerging threats from virtual assets, mobile money and trade-based laundering. The last day focuses on governance, the role of the money laundering reporting officer, internal investigations, staff training and preparing for regulatory inspections and audits. Case studies based on known typologies make the red flags recognisable. Compliance officers, MLROs, relationship managers, auditors and risk staff in banks, SACCOs, insurers, fintechs and designated non-financial businesses will find it directly applicable. You return able to strengthen your institution's controls and defend them to examiners.