AML in Private Banking & Wealth Management

There are 4 main objectives of this course:

• You gain an understanding of the AML risks posed by Private Banking & Wealth Management products and services.
• You can identify potential AML red flags on client transactions.
• You have an awareness of AML examples and typographies relevant to Private Banking & Wealth Management.
• You understand the obligations on regulators to perform monitoring and supervision activities.

The course has 4 main modules covering what we call the 4Rs of AML:

• Risks – which are inherent in your line of business.
• Red flags – which your members of staff should be particularly aware of.
• Real examples – of money laundering or terrorist financing using products and services similar to yours.
• Regulatory inspections -what regulators find when they inspect other firms in your line of business.

There is a 10-question knowledge check at the end of the course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.

To order your licenses at the price of 60 €/license, please send a request to the Customer Service. You will receive the steps to follow.

Languages: English or French.