Buying for a team?Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant. Develop practical knowledge and confidence in AML Requirements for Operations. This course will familiarize the learner with the crime of money laundering relative to his/her position. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators. After completing this program, the learner will understand how to: Why this course matters This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together. What you will gain Build a clearer practical understanding of the key concepts and terminology in AML Requirements for Operations. Recognise how the topic affects real international trade, finance or risk decisions. Apply the course principles more confidently in relevant business situations. Who is this course for? This course is suitable for trade finance professionals, bankers, compliance and risk teams, exporters, importers and other professionals involved in international transactions. Course at a glance Study time: approximately 1 hour. Format: self-paced online learning. Professional development: CPD course. Course Outline Seat Time: 1.25hrs This course will familiarize the learner with the crime of money laundering relative to his/her position. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators. After completing this program, the learner will understand how to: Recognize the red flags of money laundering. Conduct Customer Due Diligence (CDD) practices and prevent money laundering at the organization. Recognize the roles that agencies such as OFAC play with regard to creating effective AML guidelines for the organization. Course Topics T1. Money Laundering: This topic will provide the learner with an introduction to the crime of money laundering, an act or attempt to disguise the source of money or assets derived from criminal activity, by providing the goals of money launderers and the steps of money laundering. T2. Red Flags of Money Laundering: This topic will teach the learner about the warning signs that money laundering is occurring, such as avoiding reporting or recordkeeping or suspicious branch activities, so that the learner will be able to recognize red flags of money laundering. T3. Customer Due Diligence (CDD): This topic will define customer due diligence procedures and will familiarize the learner with components of CDD and transaction monitoring programs. T4. Office of Foreign Assets Control (OFAC): This topic will discuss the purpose and use of the Office of Foreign Assets Control of the U.S. Department of the Treasury, and will explain compliance, restrictions, and certain types of transactions. T5. Operations: Your Role in AML: This topic will familiarize the learner with his/her role as a member of the operations staff at the institution in regard to ensuring compliance with AML requirements. Continue your learning Part of this learning pathway: Compliance & Regulatory Learners also take: AML Requirements | AML Requirements for CSOs | AML Requirements for Lenders Course pathway: eBSI Banking Academy > Compliance & Regulatory > AML Requirements for Operations Explore more Compliance & Regulatory training or return to the eBSI Banking Academy.
