MVL | Course Details

Fundamentals of AML/CFT

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Fundamentals of AML/CFT

Module 1: Overview of Money Laundering and Terrorism Financing

  • What is Dirty Money
  • Concept of Money Laundering (ML) and Terrorism Financing (TF)
  • Difference between ML and FT

Module 2: Stages and Typologies of Money Laundering and Terrorism Financing

  • Three stages in ML
    • Placement
    • Layering
    • Distribution
  • Risks and methods of money laundering
    • Using banking systems
    • Using new payment methods
    • Using charities or non-profit organisations
    • Trade based money laundering
  • Process of Terrorism Financing

Module 3: Brief Overview of Compliance standards/regulation for anti-money laundering (AML) and combating financing of terrorism (CFT)

  • Financial Action Task Force (FATF) recommendations
  • Basel Committee on Banking Supervision (BCBS)
  • European Union 4th Directive and rules
  • Banking Secrecy Act, US Patriot Act, OFAC requirements and OFAC sanction programs
    • SDN List and 314(a) List
    • Beneficial Owner and 50% rule
    • Travel rule
  • Wolfsberg group

Module 4: Preventive Measures

  • Understanding preventive measure through Customer Due Diligence (CDD) / Know Your Customer (KYC)
  • Beneficial Owner
  • Politically Exposes Persons (PEP) / Reputationally Exposed Persons (REPs)
  • Sanction Screening
    • Using technology for screening
    • SWIFT sanction

Module 5: Monitoring, Detecting and Reporting ML / TF Transactions

  • Identifying suspicious transactions / activities
  • Red flags / Early warning signals
  • Use of technology for monitoring
    • Rule Engine
    • Profiling
    • Peer Groups
    • Link / Network Analysis
    • Neural Network / Artificial Intelligence
  • Reporting requirements
    • Suspicious Transaction Reporting (STR)
    • Cash Transaction Reporting (CTR)

Delivery mode
Live Virtual Classroom Mode (Webex)
Duration
8 Hours
Course level
Foundation Level
Course Price
Indian- Rs. 4,000 +18% GST Foreign- USD 150

Contact US

MVL Consulting Private Limited

Address : #17, Laxman Villa Condominium, Paud Road, Pune, Maharashtra 411038 India 

Phone : +91 - 20 - 2546 6154

Mobile: +91 - 9764835350 / 9168435350

Email-id : info@mvlco.com

CIN No. : U31909MH1996PTC100429

 

Contact for Inhouse Programs

Head- Learning and Development

Name : Ms. Deepali Joshi

Phone : +91-9168 435 350

Email-id : info@mvlco.com

 

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