Anti-Money Laundering Strategies

26 July to 6 August

This course, is designed to build the capacities of officials tasked with implementing the revised international standards on AML (anti-money laundering) and counter-terrorist financing (CFT) standard. Recent world events reinforce the need for continued vigilance on the (Anti-Money-Laundering Strategies) AML front.

The pressure to do more to stop money laundering continues to increase, and the job of AML monitoring and compliance has grown more complicated. Today’s large banks process hundreds of millions of transactions each day, and growth continues unchecked. At the same time, financial crime schemes grow ever more sophisticated.

In this environment, financial services organizations will be wise to take a fresh look at their AML systems with an eye toward expanding automation, improving performance, standardizing processes, and increasing transparency. Firms that invest wisely can create a compliance environment that meets immediate and future AML requirements and serves as a platform for improving overall governance and risk management. ATI explore some of these and other challenges in this training programme.

Target Audience: 

This programme is aimed at Legal drafters, policy makers, financial sector supervisors, and regulators of designated nonfinancial businesses and professions; financial intelligence unit officials; criminal justice officials; and other officials who must assess national money laundering and terrorist financing risks to prepare for their countries’ mutual evaluations and application of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws. 

Course Outcomes: 

Upon completing this programme, the delegates should be able to:

·       Outline, summarize, and analyze implementation of the Financial Action Task Force (FATF) 40 Recommendations.

·       Draw up a medium-term action plan to reinforce their national anti-money laundering (AML) and financing of terrorism (CFT) framework.

·       Identify how crimes of money laundering and financial terrorism and perpetuated in the international community

·       Understand and develop strategies to curb money laundering and financial terrorism across the globe and why it is a global sin

·       Understand the link between money laundering, corruption and political instability especially in Africa 

·       Understand the modern-day strategies of EIMS (Enterprise Information Management System) to fight money laundering

·       The importance of monitoring in tracking the movement of authorised or unusual transaction