Convenient and Effective
AML/CFT General Awareness – Finance Companies (Sri Lanka)
On-demand AML/CFT training courses customised by country and financial services sector
Fintelekt’s AML/CFT General Awareness Training & Certification Course (Finance Companies Sri Lanka) is a module designed to help employees of financial institutions in Sri Lanka to gain the required knowledge about Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) from an educational, regulatory and ethical perspective.
Training Information
Objectives
- Gain an understanding of Anti-Money Laundering, Know Your Customer and Countering the Financing of Terrorism.
- Be aware of the various indicators of suspicious transactions or ‘red flags’
- Understand the appropriate actions to be taken
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Course Content
Module 1: Background and Key Concepts
- Why is AML and CFT important?
- Understanding Key Concepts in ML and TF
Module 2: Regulatory Framework
- Financial Action Task Force
- AML/CFT Framework in Sri Lanka
- Reporting and Record Keeping
- Penalties for KYC/AML/CFT Violations
Module 3: Elements of a Robust AML/CFT Programme
- 5 Key Elements of a Robust AML/CFT Programme
Module 4: Money Laundering, Terrorist Financing and Related Terms
- Various Methods of Money Laundering
- Case Studies
Module 5: Customer Due Diligence
- Key Elements of a KYC Policy
- Beneficial Ownership
- CDD, EDD, PEPs and High-risk jurisdictions
- Risk-Based Approach
- Name Screening and Ongoing Due Diligence
Module 6: Transaction Monitoring
- Purpose of Transaction Monitoring
- Suspicious Transactions
- Red Flag Indicators
Module 7: Red Flag Indicators
- Identifying and Reporting Suspicious Behaviour
- Indicative Alerts Related to Customers
- Indicative Alerts Related to Transactions
- Indicative Alerts Pertaining to Loans and Leasing
More Information
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