ANTI-MONEY LAUNDERING (AML) TRAINING

Are you looking for anti-money laundering e-learning courses? Want to stay on top of the AML regulations and save time and money in the process?

We bring you the most up-to-date online courses for anti-money laundering, tailored for your specific requirements.

As the financial crisis continues, the scope and intensity of anti-money laundering (AML) regulations is increasing around the world.  A wide range of banks, financial institutions and other businesses involved in financial and cash transactions have to abide by these regulations and need to enhance their knowledge of AML.

Among other compliance requirements, these institutions need to develop and implement AML training and certification programs.  E-learning is the methodology of choice for such training because it is cost-effective and rapidly scalable and provides an audit trail of compliance with local training requirements.

Our partner Knowledge Platform has built a set of e-learning courses that are specific to AML regulations in Hong Kong. Because they are built for an Asian audience, the courses are highly interactive and appealing and have been validated through adoption by a many global banks and financial institutions.

Our AML courses is for all employees in a bank or financial institution,including front office and back office staff, compliance managers and executives.

Want to take a tour and see if our course meets your AML training needs? Send us an email for a trial of any this AML course.

Objectives:
After taking this anti-money laundering course, you will be able to:

• Describe money laundering and the challenges and risks involved in combating it
• Recognize the key stages in money laundering and the principal techniques used by money launderers
• Gain insight into how to establish and use customer profiles
• Identify and report on suspicious activities
• Articulate the objectives and principal elements of a “Know Your Customer” policy
• Describe the key processes and technologies to fight money laundering
• Understand local AML regulations and key reporting requirements

Anti-Money Laundering Course for Managers and Compliance Officers

I: Introduction to Money Laundering

You will learn how to

• Define Money Laundering
• Identify the principal sources of laundered money
• Identify the reasons why criminals launder money
• Recognize the consequences of money laundering

 Content:

• What is Money Laundering?
• Why do criminals Launder Money?
• Case Study: Insurance Policies
• Terrorist Financing
• Case Study: Corporate Acquisition
• Tax Evasion

II: Stages of Money Laundering

You will learn how to

• Define the 3 Stages of Money Laundering
  • Placement
  • Layering
  • Integration
• Identify the 3 stages in real-life cases

 Content:

• The 3 Stages
• The 3 Stages - Takeaways
• Case Study: The Spence Network
• Case Study: The Jurado Case

III: Placement

You will learn how to

• Identify the principal techniques used in Placement
• Recognize different placement techniques in given situations

 Content:

• What is Placement?
• Smurfing
• Alternative Remittances
• Electronic Transfers
• Asset Conversion
• Bulk Movement
• Gambling
• Securities Dealing
• Insurance Purchase
• Review

V: Layering

You will learn how to

• Identify the techniques used in the layering stage
• Recognize different layering techniques in given situations

 Content:

• What is Layering?
• Electronic Funds Transfer
• Offshore Banks
• Shell Corporations
• Trusts
• Walking Accounts
• Instant Banks
• Intermediaries
• Review

V: Integration

You will learn how to

• List the main techniques used in Integration
• Recognize different integration techniques in given situations

 Content:

• What is Integration?
• Credit & Debit Cards
• Consultants
• Corporate Financings
• Asset Sales & Purchases
• Business recycling
• Import/Export Transactions
• Review

VI: Know Your Customer Basics

You will learn how to

• Define the Know Your Customer policy
• Identify the principal elements of the KYC policy
• Identify the risks of not implementing the KYC policy

 Content:

• What is Know Your Customer?
• KYC Takeaways
• What Risks does KYC Mitigate?
• What Risks does KYC Mitigate - Takeaways
• KYC Policy Elements
• Case Study – Berlin-Edwards

VII: Customer Profiling

You will learn

• Objectives of Customer Acceptance in a KYC policy
• Objectives of Customer Identification in a KYC policy
• Typical higher risk and lower risk customer profiles
• To identify higher risk and lower risk customer profiles
• Understand the nature and implications of blacklists

 Content:

• Customer Acceptance & Identification
• Customer Acceptance & Identification - Takeaways
• Risk Profiling Typology
• Origins
• Blacklists

VIII: Recognizing Suspicious Activities

You will learn how to

• Define and classify suspicious activities
• Recognize suspicious activities
• Identify key elements of reporting and record keeping

 Content:

• Approaching Suspicious Activities
• Approaching Suspicious Activities - Takeaways
• Individuals vs. Legal Entities
• Acting on Suspicious Activities
• Acting on Suspicious Activities - Takeaways
• Reporting Suspicious Activities
• Recording Suspicious Activities
• Case Study: Financial Institutions

IX: AML Technologies

You will learn how to

• Describe the principal technologies used to detect money laundering
• Identify the major functions of money laundering detection technologies

 Content:

• The role of Technology in AML
• Technologies Overview
• Analytical Framework
• Technology Components
• Configuration
• Data Management
• Detection – Transaction Filters
• Transaction Filters Issues
• Detection – Rules Engines
• Rules Engines Issues
• Detection – Customer Analysis
• Detection – Statistical/Profiling Engines
• Detection – Neural Engines
• Detection – Link Analysis
• Workflow Management

X: Hong Kong Anti-Money Laundering Regulations

You will

• Acquire a general understanding of the regulation of money laundering and terrorist financing in Hong Kong
• Understand key aspects of KYC under guidelines issued by Hong Kong Monetary Authority and Securities and Futures Commission
• Obtain an overview of anti-money laundering and counter-terrorism financing requirements as applicable to financial institutions in Hong Kong

 Content:

• Hong Kong Regulatory Structure: Introduction
• Indictable Offences
• AML Legal Requirements
• CTF Legal Requirements
• HKMA/SFC Core Principles
• HKMA/SFC KYC Principles