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

• 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

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