Course Summary
Money laundering is estimated to account for 2–5% of global GDP annually—equivalent to over $2 trillion. In the world of digital finance, failing to detect and prevent illicit financial crimes can lead to severe legal, financial, and reputational consequences for businesses and institutions. This makes Anti Money Laundering (AML) and Combatting the Financing of Terrorism (CTF) not just compliance functions, but critical business imperatives.
The AML course equips professionals to detect, prevent, and respond to financial crime. Delivered through face-to-face or virtual instructor-led training, this intensive two-day course dives into global AML/CTF frameworks, risk-based approaches, Know Your Customer (KYC) principles, sanctions compliance, and enterprise-wide risk assessments.
Why WingsWay?
WingsWay Training Institute, a globally recognised and trusted Authorised Training Centre, ensures you receive top-quality training and recognition for your efforts. Our commitment to delivering exceptional private education in Dubai has earned us the approval from the Knowledge and Human Development Authority (KHDA), an accreditation from CPD (UK) Standard’s Office, and an ISO 9001:2015 certification from the International Accreditation Forum (IAF).
Furthermore, WingsWay Training Institute proudly received the title of ‘Best Training Institute’ twice and the ‘Outstanding Organisation Award’. Our services and training quality have not only been recognised by students in 85+ nationalities but also by top international organisations.
Course Content
Unit 1 – Understanding Money Laundering & Terrorist Financing
- Definitions of money laundering and terrorist financing
- Stages of money laundering (placement, layering, integration)
- Risks posed to financial institutions, economies, and societies
- Real-life case studies illustrating money laundering techniques
Unit 2 – Global AML/CTF Initiatives
- Financial Action Task Force (FATF): Standards and recommendations
- Key international organisations: Basel Committee, Wolfsberg Group, Egmont Group
- European Union directives and regional bodies’ initiatives
- Roles of the World Bank and International Monetary Fund (IMF)
Unit 3 – Essential Elements of an AML/CTF Program
- Objectives and purpose of combatting financial crimes
- Policies, procedures, and internal controls
- Appointment of a Compliance Officer (MLRO)
- Importance of ongoing AML/CTF training
- The value of regular independent audits
Unit 4 – Risk-Based Approach
- Principles of risk-based AML/CTF methodologies
- Conducting effective risk assessments
Unit 5 – Know Your Customer (KYC) & Due Diligence
- KYC requirements and principles
- Standard Due Diligence (DD) vs. Enhanced Due Diligence (EDD)
- Identifying high-risk clients, transactions, and activities
Unit 6 – International Sanctions
- Understanding international sanctions lists
- Compliance obligations and screening processes
Unit 7 – EWRA (Enterprise Wide-Risk Assessment)
- Risk identification
- Risk assessment
- Risk mitigation
- Documentation
- Governance
- Compliance
- Specific risk factors
Course Duration
As per the needs of the attendees.
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Learner’s Profile
• Banking Operations
• Compliance, AML, and CTF
• Internal Audit
• MLRO
• Portfolio/Product Managers
• Legal, HR, and Procurement
• Customer services personnel in financial institutions
• Risk Management
Entry Qualification
- High school diploma or equivalent
- Intermediate level of English proficiency
Learning Outcomes
By the end of this AML course, participants will be able to:
- Understand the concept of money laundering and terrorist financing activities.
- Recognise the various risks of money laundering and terrorist financing, as well as the penalties and disciplinary actions relating to breaches.
- Become familiar with the AML and CTF requirements related to the activities of financial institution and also all the requirements related to DNFBPs.
- Become familiar with the most critical AML and CTF laws, regulations, directives, international standards, and leading practices.
- Acquire the knowledge and skills to evaluate the AML and CTF program.
- Learn AML guidelines for DNFBPs (Designated Non-Financial Businesses and Professions) in the UAE revolving around identifying and mitigating risks associated with money laundering and terrorist financing.
- Implement a risk-based approach, conduct customer due diligence, report suspicious transactions, maintain internal policies and controls, and ensure staff training and awareness.
Career Opportunities
Expertise in Anti Money Laundering (AML) and Combatting the Financing of Terrorism (CTF) is crucial in today’s financial landscape. Completing this course opens doors to a range of roles across various industries, including:
- AML Compliance Officer
- Financial Investigator
- Bank & Financial Institution Analyst
- Risk Management Specialist
- Regulatory & Law Enforcement Agencies
- Auditors & Accountants (focused on fraud and compliance)
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