Building an AML Risk-based Approach

Description

Description

The risk-based approach (RBA) is central to the effective implementation of the Financial Action Task Force (FATF) recommendations. This means that supervisors, financial institutions, and intermediaries should be able to identify, assess, and understand the risks related to money laundering and terrorist financing to which they are exposed, and implement the most appropriate mitigation measures.

Course Content

The course outlines the RBA methodology when assessing risk according to the FATF recommendation. This considers risks related to types of customers, countries or geographic areas, and particular products, services, transactions, or delivery channels.

Training Duration

This course may take up to two (2) hours to complete. Keep in mind, however, that actual study time varies based on each learner's training pace.

Who Should Enrol?

This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognitiond

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for two (2) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 180 days.

If you wish to receive an invoice instead of paying online, please email us at info@lgca.uk.

Also, please get in touch if you'd like to discuss special corporate group rates.