Description

About the Certificate

Participants will investigate what is ML, what constitutes a risk-based approach in dealing with ML and the relevant policies and procedures that may be adopted by a financial institution as part of a coherent AML Strategy. In addition, participants will be provided with an overall assessment of international economic sanctions and how these are valuable tools in combating ML.

The Certificate also offers participants, a practical perspective of how AML attempts have been formally incorporated and have led to the creation of legal frameworks that aim to prevent ML practices.

The knowledge obtained by undertaking this Certificate is an invaluable asset for professionals that seek to enhance their career prospects in AML which is becoming an increasingly significant issue for financial institutions.

This Level 3 Certificate is accredited by the London Institute of Banking & Finance (LIBF) in the UK.

Topics covered

Money laundering methods, techniques, red flags, key risk areas and compliance best practices & checklists

KYC and CDD: Beneficial ownership, money laundering risks in gatekeeper roles, politically exposed persons, and much more

Economic Sanctions and relevant frameworks

Vulnerabilities of Financial Institutions

Legal Framework for AML – A practical perspective

Case Studies and analysis

Expected Learning Outcomes

Identify ML-related risks and dangers that need to be dealt with through a rigid AML strategy

Understand ML risk assessment and management and learn how to design a comprehensive AML risk-based approach

Review the relevant processes and procedures that need to be adopted as part of an AML strategy

Gain a practical perspective through a review of the relevant legal framework that covers AML

Understand the importance of sanctions and how these can be utilised as a tool to combat ML

Format

Study in your own time and at your own pace (you have up to 3 months to complete the Certificate)

Assessed by an online multiple-choice exam

What is included

25 hours of self-paced online interactive learning including analysis of 5 practical case studies

1-year free AGRC membership

Online Exam and AGRC Certificate

Completion Requirements

Success in all the unit tests. Each unit is allocated two, three or four Multiple Choice questions (MCQs). In total 33 MCQs with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.

Success in the final test of 40 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

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Certificate in Anti Money Laundering

By The Association of Governance, Risk & Compliance

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