Anti Money Laundering Specialist Course Description
Anti-Money Laundering (AML) Specialists are vital guardians of the global financial system. They protect financial institutions and economies by detecting, investigating, and preventing the flow of illicit funds.
This comprehensive course empowers you to become a skilled AML Specialist. You will learn to identify suspicious activity, master risk assessment, stay ahead of evolving regulations, and utilize sophisticated monitoring tools.
Play a critical role in combating financial crime and maintaining the integrity of the financial system with the help of WingsWay Training Institute — your trusted award-winning training partner!
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Recognitions
WingsWay Training Institute, a globally recognized and trusted Authorised Training Centre, ensures you receive top-quality education and recognition for your efforts. Our commitment to delivering exceptional private education in Dubai has earned us the endorsement of the Knowledge and Human Development Authority (KHDA) and ISO 9001:2015 certification from the International Accreditation Forum (IAF).
Furthermore, WingsWay Training Institute proudly achieved the title of ‘Best Training Institute’ twice in 2023 and anticipates maintaining this prestigious position in 2024. Our services and training quality have not only been recognized by students in over 60 countries but also by TOP international organisations.
Learning Mode
- Classroom
- Virtual Instructor Led Training – VILT
Course Outline
Module 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
Module 2: Global AML/CTF Initiatives
- Financial Action Task Force (FATF): Standards and recommendations
- Key international organizations: Basel Committee, Wolfsberg Group, Egmont Group
- European Union directives and regional bodies’ initiatives
- Roles of the World Bank and International Monetary Fund (IMF)
Module 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
Module 4: Risk-Based Approach
- Principles of risk-based AML/CTF methodologies
- Conducting effective risk assessments
Module 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
Module 6: International Sanctions
- Understanding international sanctions lists
- Compliance obligations and screening processes
Course Duration
- 2 Days
Course Language
- English
- Arabic
Who Should Attend?
- Banking Operations
- Compliance, AML, and CTF
- Internal Audit
- MLRO
- Portfolio/product Managers
- Legal, HR and
- Procurement
- Customer services personnel in financial institutions
- Risk Management
Learning Objective
By the end of this course, participants will be able to:
- Understand the concept of money laundering and terrorist financing activities.
- Recognize 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 relating to the activities of financial institution.
- 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.
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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