Course Outline:

Module 1: Overview of AML Regulatory Frameworks

• Detailed examination of global AML regulations
• Key regulatory bodies and their roles
• Understanding the importance of regulatory compliance

Module 2: Developing an AML Compliance Program

• Components of an effective AML program
• Steps to design and implement AML policies and procedures
• Role of compliance officers in program management

Module 3: Conducting AML Risk Assessments

• Risk assessment methodologies and frameworks
• Identifying and categorizing AML risks
• Case studies and practical exercises on risk assessment

Module 4: Internal Controls and Monitoring

• Designing internal controls to prevent money laundering
• Continuous monitoring and improvement of AML controls
• Role of audits and reviews in AML compliance

Module 5: Regulatory Reporting Requirements

• Understanding SARs, CTRs, and other regulatory reports
• Procedures for timely and accurate reporting
• Case studies on regulatory reporting challenges and solutions