AML/KYC/Compliance - Practical Framework

No prerequisite

1. Identify the key concepts, terminologies, and principles of Anti-Money Laundering (AML), Know Your Customer (KYC), and Compliance frameworks.
2. Explain the risks associated with money laundering, terrorist financing, proliferation financing, and tax crimes, and how to detect and prevent them.
3. Describe the responsibilities and roles of various stakeholders in AML/KYC/Compliance, such as financial institutions, regulators, law enforcement, and the private sector.
4. Apply the risk-based approach to AML/KYC/Compliance, and develop effective policies, procedures, and controls to mitigate the risks of money laundering and other financial crimes.
5. Analyze the consequences of non-compliance with AML/KYC/Compliance regulations, including penalties, reputational damage, and legal liability, and learn how to avoid and address them.

This course is designed to provide participants with a comprehensive understanding of anti-money laundering (AML), know-your-customer (KYC), and compliance frameworks in a practical context.
The course will equip participants with the knowledge and tools necessary to establish and implement effective AML/KYC and compliance frameworks in their organizations. Participants will learn about the global regulatory landscape and the key concepts and principles underlying AML/KYC and compliance frameworks. They will gain an understanding of the risk-based approach to AML/KYC and compliance, including identifying and assessing risks and developing policies, procedures, and controls to mitigate those risks.
Throughout the course, participants will be engaged in practical exercises and case studies to apply their knowledge and reinforce their understanding of the concepts and principles covered.
By the end of the course, participants will be able to confidently implement and manage AML/KYC and compliance frameworks in their organizations, in compliance with global regulations and best practices.
The course is divided into 10 modules, each focusing on a specific area of AML/KYC/Compliance.

• After completing the course, learners will be able to identify and explain the different forms of financial crimes, such as money laundering, terrorist financing, proliferation financing, and tax crimes.
• Upon completion of the course, learners will be able to describe the roles and responsibilities of various stakeholders in the AML/KYC/Compliance framework, such as financial institutions, regulators, law enforcement, and the private sector.
• After completing the course, learners will be able to apply the risk-based approach to AML/KYC/Compliance, and develop effective policies, procedures, and controls to mitigate the risks of financial crimes.
• Upon completion of the course, learners will be able to recognize and analyze red flags and other indicators of suspicious activities and take appropriate actions to report them to the relevant authorities.
• After completing the course, learners will be able to understand the consequences of non compliance with AML/KYC/Compliance regulations and learn how to avoid and address them through effective compliance and risk management measures.

The online delivery blends synchronous and asynchronous components. Students complete self-directed assignments hosted on the course platform. Weekly Forums support a required active, rubric-based student contributions that foster collaboration.

Exams may include essays, short answers, or MCQs. Formats include open/closed book. Time zones are considered. Assessments are formative and summative. Students have 2 weeks to review grades and must follow the appeal process in the Student Handbook

Certificate

Please note that there are three semesters as intake periods as noted on the academic calendar.
Scholarship Awarded (Total Fee: €100)

Registration is done online.