Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)

Compliance

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Course trailer

$25.00

Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)

Introduction

AML & CFT involve a set of basic compliance regulations for businesses to prevent money laundering and the financing of terror groups. AML & CFT are of the essence to a country’s regulatory bodies in their quest to protect the soundness of their financial system. The soundness of a country’s financial system impacts international capital flows and foreign direct investment in that country. 

Regional organizations such as the Financial Action Task Force (FATF), International Monetary Fund (IMF), United Nations (UN), and European Union (EU) layout recommendations for adherence to AML & CFT framework.

Course goals:

The learning outcomes of the course will allow participants to:

  • Understand the process of layering & money laundering;
  • Understand the AML & CFT framework & obligations;
  • Understand the recommendations from the Regional Organizations;
  • Understand the sanctions & penalties for non-compliance: and
  • Devise internal procedures to comply with the requirements of AML & CFT.

Duration of course:

Expected to be delivered and completed within 68 minutes.

Course tutor

Beelal Baichoo

AML/CFT Consultant

About our tutor

In his career development, Beelal has had intensive exposure, in terms of experience and local/international training, to AML/CFT matters. He is well-versed in the application of AML/CFT rules to different types of corporate vehicles.