AML - Follow the money (e-learning)

This e-learning has been designed for professionals of the financial industry seeking a baseline understanding of AML and is to be used in conjunction with applicable regulatory requirements and legislation.

Overall, it is dedicated, but not exclusively, to:

• professionals employed by financial institutions;
• personnel from accountancy practices, law firms and regulators;
• employees subject to understanding AML procedures in countries of the European Union with a focus on Luxembourg regulations.

Technical requirements:

• A personal computer (recommended), tablet or smartphone
• An up-to-date internet browser (Google Chrome recommended)
• * Cookies should be enabled
• * JavaScript should be enabled
• A stable internet connection
• Should the internet connection be lost during an e-learning session, the browser will need to be restarted when internet is back to resume the e-learning at the last step recorded by the learning management system before the connection went out.

Are you ready to support the Money Laundering Reporting Officer of a financial institution in investigating a complex situation? Are you able to efficiently deal with the business stakeholders to get the full picture and provide a reliable assessment?

'AML - Follow the money' is the new immersive financial sector digital case-study designed by PwC Academy and PwC’s subject matter experts to support the acquisition and assessment of essential AML knowledge and competence. Building upon the success of our AML Codename Black e-learning, it brings the learning experience to a new level.

This innovative learning solution leverages micro learning and embeds high quality videos, interactive quizzes and an evolving scenario. Gamification techniques allow to ‘live’ the case study and facilitate learning retention.

Get ready for a unique, immersive and lasting anti-money laundering training experience!

Please note that PwC Academy offers 3 versions of this e-learning module:

• An English version considering the Luxembourg regulatory framework.
• A French version considering the Luxembourg regulatory framework (in this version, the videos remain English spoken with a French text transcription).
• A non-jurisdiction specific English version considering the broader European regulatory framework.

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

• identify the different steps of the money laundering cycle;
• learn about the anti-money laundering regulatory updates in Luxembourg;
• spot red flags and link risk factors to understand main laundering techniques;
• consider the anti-money laundering controls cycle;
• understand the importance to challenge and apply AML internal controls;
• understand the importance of "Customer Due Diligence" (CDD) procedures to identify and manage key risk indicators within customer relationships;
• learn about relationship activity profiling and monitoring;
• understand reporting obligations;
• assess their knowledge through games and the final quiz

• Introduction: concepts of money laundering
• Money laundering: impact, process and strategies
• Administrative sanctions applicable to the field of money laundering
• Legal definitions and impacts of terrorism financing
• Definition and examples of predicate offences
• Business investigation red flags
• Descriptions and examples of AML measures:
  • Risk assessment
  • Customer due diligence
  • KYC
  • Transaction monitoring
  • Internal controls
• Glossary of vital directives in the AML field

We deploy our e-learning solution as from 10 licences.

• From 10 to 50 participants: 75 EUR
• From 51 to 150 participants: 70 EUR
• From 151 to 300 participants: 60 EUR
• More than 300 participants: 50 EUR

This e-learning, coordinated by Michael Weis, Partner at PwC Luxembourg, has been designed by experts of PwC Forensic Services.

Michael leads PwC’s Forensic Services practice and AML taskforce, overseeing investigations, remediation projects, and high-profile AML audits for banks and investment funds. He is the key contact for AML distribution due diligence in asset management and works closely with PwC’s global forensic network on international projects. As certified fraud examiner, Michael is recognized as an AML and forensic expert and actively contributes to industry working groups on fraud at the Institute of Internal Auditors (IIA) and the Institut Luxembourgeois des Administrateurs (ILA). He regularly conducts workshops and training on AML and fraud in Luxembourg and abroad.

Boris Rohwedder is a director and Team Leader of the PwC Anti-Financial Crime Practice in Luxembourg, specializing in AML/CTF, Sanctions, Fraud, and Bribery and Corruption. With over 20 years of experience in financial services, he has extensive knowledge of the German and Luxembourg banking sectors and international financial crime investigations. Boris leads global AML/CTF and KYC reviews, co-led a USLCP on OFAC Sanctions regulation, and developed robust compliance frameworks. He is a frequent speaker at conferences and delivers compliance training and workshops for financial institutions and professional organizations on AML/CTF, Fraud, and Sanctions.

Alessandro Casarotti is a director specialising in forensic services with over a decade of experience in AML/CTF. Since 2015 at PwC, he has prepared and delivered global AML, sanctions, and CTF training, serving as a subject matter expert and leading significant investigations including fraud, market abuse, and Panama Papers cases in Luxembourg. He has managed major onsite inspections mandated by the CSSF and led AML projects focused on risk assessment, PEP reviews, and KYC remediation for banks and funds. Alessandro also reviews and redesigns AML/KYC policies and procedures to align with evolving regulatory requirements.