Anti-Money Laundering & Combating Financial Crimes

Class Description

Course Objective
To enhance the participants’ knowledge and understanding of their obligations and responsibilities under the current AML/CFT laws and regulations.

Course Content

• Introduction to financial crimes, money laundering and counter financing of terrorism
• UN Security Council resolution
• International standards of anti-money laundering compliance
• Designing an enterprise wide program
• Roles of the regulator and the financial intelligence unit in enforcing AML compliance
• The KYC and customer due diligence
• Money laundering red flags and process of exiting risky relationships
• Financial crimes topologies: fraud topologies
• Financial crimes investigation techniques
• Extradition and asset freezing/forfeiture
• Current trends, emerging challenges and international best practices

Target Group
Operations staff, compliance and risk management officers in central banks.

Venue
Mombasa