Anti Money Laundering Specialist Course Description

Money laundering is estimated to account for 2–5% of global GDP annually—equivalent
to over $2 trillion. In today’s digital financial environment, 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 Anti-Money Laundering Specialist 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.

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Why WingsWay?

WingsWay Training Institute, a globally recognised 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), ISO 9001:2015 certification from the International Accreditation Forum (IAF), and a CPD-SO accreditation.

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 over 80 countries but also by top international organisations.

Learning Mode

Classroom
Virtual Instructor Led Training – VILT

Course Outline

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 combating 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

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 service personnel in financial institutions
Risk Management

Learning Objective

By the end of this course, attendees 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 institutions, and also all the requirements related to DNFBPs.
Become familiar with the most critical AML and CTF laws, regulations, and 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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Anti Money Laundering Specialist