Course Outline:

Module 1: Introduction to Money Laundering and Financial Crime

• Understanding money laundering and its global impact
• Overview of the money laundering process: placement, layering, and integration
• The role of AML in protecting financial systems
• Case Study: Analyzing a real-world money laundering scheme

Module 2: Regulatory Frameworks and Compliance Requirements

• Key AML regulations: FATF recommendations, Patriot Act, EU directives
• Overview of global AML compliance standards and sanctions
• Role of regulatory bodies (e.g., FinCEN, OFAC, EU AML Authority)
• Practical Exercise: Reviewing AML compliance policies

Module 3: Identifying and Reporting Suspicious Activities

• Recognizing red flags and suspicious transaction patterns
• Conducting due diligence and enhanced due diligence (EDD)
• Suspicious Activity Reporting (SAR) and transaction monitoring
• Project: Identifying and documenting suspicious transactions

Module 4: Investigations and Financial Crime Detection Techniques

• Methods for investigating money laundering and financial fraud
• Role of technology in financial crime detection: data analytics, AI
• Asset tracing, recovery, and seizure strategies
• Case Study: Conducting a mock investigation on a financial crime case

Module 5: Implementing an Effective AML Program

• Key components of an AML program: policies, procedures, and internal controls
• Training and awareness for employees on AML compliance
• Risk assessment and management strategies for financial institutions
• Final Project: Designing an AML compliance program for an organization