Course outline – Anti Money Laundering

Anti Money Laundering

Specialist Training Courses

AML Audit

Course outline – Anti Money Laundering

2 classes per week for 8 weeks |Cost TBC

Course outline

WK 1

  • Anti Money Laundering (AML) Fundamentals, Framework and Regulation
  • Business Risk Assessment
  • Resourcing, preparation for walkthrough meetings and interviewing skills
  • Test of controls and documentation

WK 2: Governance

  • AML Policies and Procedures Management
  • Reporting to Senior Management

WK 3: Customer Onboarding

  • Customer Risk Assessment
  • Due Diligence / Enhanced Due Diligence

WK 4: Sanction

  • Sanction Screening
  • List management
  • Reporting of Sanction incidents

WK 5: Transaction Monitoring

  • Alerts Scenario Management
  • Review of Transactions

WK 6

  • SAR Reporting
  • Vendor Management
  • Record Retention, Archival
  • On-going Due Diligence

WK 7

  • Employee Onboarding
  • Training and Awareness
  • Common pitfalls, impact and remediation

WK 8

  • Interview Prep (including all aspects covered in WKs 1 – 7)