Convenient and Effective
AML/CFT General Awareness – IFSCA Regulated Entities
On-demand AML/CFT training courses customised by country and financial services sector
Fintelekt’s AML/CFT General Awareness Training & Certification Course is a module specifically designed to help employees of entities licensed, recognised or registered by the International Financial Services Centres Authority (IFSCA) to gain the required knowledge about Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) from an educational, regulatory and ethical perspective.
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Training Information
Objectives
- Gain an understanding of Anti-Money Laundering, Countering the Financing of Terrorism and Know Your Customer.
- Be aware of the various indicators of suspicious transactions or ‘red flags’
- Understand the appropriate actions to be taken by an employee and by the institution, when faced with suspicious transactions or customers
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
- Objectives of AML CFT KYC Guidelines
Module 2: Regulatory Framework
- Financial Action Task Force
- AML/CFT Framework in India
- The International Financial Services Centres Authority (IFSCA)
- UNSCR Sanctions
- Consequences of Non-Compliance
Module 3: Elements of a Robust AML/CFT Programme
- 5 Key Elements of a Robust AML/CFT Programme
Module 4: Methods of Money Laundering
- Various Methods of Money Laundering
- Case Studies
Module 5: Customer Due Diligence
- Beneficial Ownership and PEPs
- Customer Risk Assessment
- Undertaking Customer Due Diligence
- Politically Exposed Persons
- Name Screening
- Source of Wealth and Source of Funds
Module 6 – Suspicious Transaction Detection and Reporting
- Detecting a Suspicious Indicator
- Reporting Suspicious Transaction Reports
- Indicative Red Flag Alerts
Module 7: Red Flag Indicators
- RFIs associated with financial institutions
- RFIs associated with unusual business activity
- Risk indicators associated with shell companies
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