Training - Anti Money Laundering & Counter-Terrorist Financing (AML & CTF)

Who is the training for?

Junior AML and Compliance Officers of banks and financial institutions
Relationship Managers in contact with the customers, Risk Managers and Internal Auditors
Banks and financial institutions senior management or board members responsible for internal controls
Junior Officers dealing with these matters at a supervisory level

26,00 hours(s)

The program is based on European standards and Luxembourg AML/CFT laws and regulations

Be able to identify the various component of financial crime (e.g., ML, FT, Proliferation, ... etc.) and the bodies tasked with shaping the global applicable regulatory frameworks
Acquire a detailed understanding of the mandatory arrangements, systems, and controls to fight financial crime: Internal controls and effective AML/CFT program
Understand the ‘risk-based-approach and the due diligence process
Comprehend Competent Authorities approach in the fight against financial crime
Gain further knowledge via practical examples and case studies

Financial crime: definitions and scope
The fight against ML & TF at international level:
- FATF
- Supranational and international bodies
- Other various stakeholders
EU and Luxembourg regulatory frameworks
The role of the financial institutions
Risk based approach and the business wide risk assessment
AML/CFT program: implementing effective internal controls and setting out an appropriate governance structure to fight financial crime
Sanction regime
Customer Due Diligence and risk assessment: simplified, standard, and enhanced Due Diligence
PEP regime
Reporting to, and cooperating with National Competent Authorities
Cooperation with, and Reliance on third parties
Practical examples throughout the programme and Case studies
Examination: Written examination based on a Multiple Choice Questionnaire