Anti-Money Laundering and Financial Crime Investigation Certification Training Course

Why select this training course?

The financial service system faces an increasingly difficult work terrain due to regulatory changes and the ever-increasing standards expected by the government and consumers. As a result, effective training is required for personnel handling financial dealing, especially in ICT skills that effectively monitor financial transactions while preventing the progression of financial crimes.

What is anti-money laundering?

Anti-Money Laundering refers to activities or internal control mechanisms to prevent fraudulent financial practices in any organization. Money laundering, commonly linked with terrorism funding and corruption, is fast becoming a global issue and requires proactive steps and well-trained personnel to prevent the spread. This is why Rcademy has introduced this certification course in anti-money laundering and financial crime investigation.

What is a red-collar crime?

A Red Collar crime involves using violent means by perpetrators of corporate financial crimes to prevent being discovered or prosecuted.

Rcademy has designed The Anti-Money Laundering and Financial Crime Investigation Certification Course to equip participants with the necessary skills and requirements to implement control measures that curtail money laundering and track financial crime in any organizational setting.

Who should attend?

The Anti-Money Laundering and Financial Crime Investigation Certification Training Course by Rcademy is essential for many professionals preparing to get certified to effectively handle financial crimes and investigations. Among the list of people who require this course, the training is more suitable for the following set of professionals:

• Investigators and investigating managers: responsible for scrutinizing financial transactions for elements of fraud or financial crime
• Analysts: in charge of the detailed description of the entire financial statements and other accounting books
• Auditors: who crosscheck all transactions to ensure figures reported tallies with the actual values
• Inspectors and sub-inspectors: who oversee the whole process of financial investigation in an organization
• Personnel: responsible for anti-money laundering and know-your-customer (KYC)
• Anti-bribery and corruption compliance officers: required to ensure that the organization meets up with all the stipulated regulations guiding against corruption
• Financial crime compliance officers: that ensure that there is full compliance from the finance team
• The management team: who oversees and manages the activities of the organization
• Any other personnel interested in building skills around anti-money laundering

What are the course objectives?

The following objectives are expected to be achieved at the end of this training course. Participants should be able to:

• Understand and describe the fundamental principle of money laundering and how to prevent it
• Examine the overall approach of money laundering and how it works at an organizational level
• Determine the existence and significance of anti-money laundering actions
• Explain the process involved in money laundering activities
• To provide financial institutions and their employees with the tools necessary to identify, discourage, and disrupt all forms of financial crime.
• Consider the ramifications of non-compliance with anti-money laundering rules and regulations.
• Identify and learn the features of a regulatory regulation and the associated reputational risk in anti-money laundering (AML) actions
• Justify the application of the anti-money laundering concept in combating money laundering.
• Understand the significance of anti-money laundering legislation and the penalties of non-compliance
• Describe the steps that organizations are required to take to combat money laundering
• Improve their respectful organization efficiency and effectiveness in detecting and reporting financial crime and money laundering
• Assist in awareness to increase public knowledge of financial crime and money laundering dangers and strategies
• Assist financial institutions in creating a hostile environment in which criminals cannot operate via more careful intelligence evaluation

How will this course be presented?

Rcademy presents course content to participants using effective teaching methodologies that allow theoretical learning to be easily converted to practical skills. This certification course in anti-money laundering and financial crime investigation allows participants to acquire the relevant skills to prevent money laundering-related activities effectively.

The course is fully optimized to cover various topics and modules relevant to achieving the course objectives. Experts and professionals present the course contents with years of experience dealing with the subject matter. They can guide participants on the most effective and best practices for addressing financial crime-related offenses. The course delivery includes using case studies and scenario-based examples to reinforce learning.

What are the topics covered in this course?

Module 1: Introduction to Money Laundering 

• Overview of money laundering
  – Money laundering concepts
  – Money laundering activities
• Predicate offenses
• Stages of money laundering
  – Placement
  – Layering
  – Integration
• Case scenarios of money laundering

Module 2: Overview of Anti-Money Laundering  

• Anti-money laundering
  – Introduction
  – Definition
• Identifying money laundering activities
  – Terrorist financing
  – Corruption
• Benefits of anti-money laundering activities
• Compliance with anti-money laundering regulations
  – Consequences of non-compliance

Module 3: Anti-Money Laundering Concepts 

• Understanding anti-money laundering concepts
• Risk-based approach
• Anti-money laundering risk assessment
• Anti-money laundering compliance program
• Customer due diligence
• Know Your Customer (KYC)
• Enhanced due diligence
• Politically exposed persons

Module 4: Money Laundering Techniques  

• Common money laundering techniques
  – Individual
  – Companies
  – Institutions
  – Government
• Recognizing money laundering techniques
• Organized crime
  – Financial crime
• Combating money laundering and other financial crimes
  – Global effort
  – Regional effort
  – Country effort
  – Case studies

Module 5: Financial Crime    

• Types of financial crime
• Characteristics of fraudsters
  – Warning signs
• Banking fraud typologies
  – Customer account fraud
  – Deposit Fraud
  – Credit Fraud
• Electronic fraud
• Computer and Internet fraud
  – Identity theft
• Fraud control
  – Fraud response policy
  -Whistleblower protection
  – Contingency planning

Module 6: Money Laundering Investigations    

• Fraud Techniques and Prevention
• Sanctions
  – Global sanctions
  – Local sanctions
  – Sanctioning of entities
  – Implementation
• Monitoring client’s activity
• Reporting suspected activities
• A financial action task force
• Legislative and regulatory tools
  – Policies and procedures

Module 7: Managing Risk of Money Laundering     

• Money laundering vulnerabilities
• Corporate service providers
• Trusts
• Assessing money laundering risk
• The risk-based approach of customer due diligence
  – Assurance of process
• Terrorist financing
• Tax evasion

Module 8: Monitoring and Reporting 

• International guidelines and process
• Monitoring and filtering framework
• Evaluation of suspicious activity
• Investigation process
• Tipping off

Module 9: Effective Leadership in Anti-Money Laundering 

• Anti-money laundering governance framework
• Organizational culture
• Financial transactions and monitoring
• Handling and reporting transactions
• Post-reporting considerations
• Consequences on violators
• Enforcement