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AML/CFT General Awareness – Insurance (Nepal)
On-demand AML/CFT training courses customised by country and financial services sector
Fintelekt’s AML/CFT General Awareness Training & Certification Course (Insurance Nepal) is a module designed to help employees of financial institutions in Nepal 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?
- Elements of a Robust AML/CFT Framework
Module 2: Regulatory Framework
- Financial Action Task Force
- AML/CFT Framework in Nepal
- Reporting and Record Keeping
- Predicate Offences
- Consequences of Non-Compliance
- FATCA and CRS
- Sanctions
Module 3: Money Laundering, Terrorist Financing and Related Terms
- Defining Money Laundering and Terrorist Financing
- Various Methods of Money Laundering
- Typologies and Vulnerabilities in Insurance Products
Module 4: Elements of Know Your Customer Policy
- KYC Policy
- Customer Due Diligence
- Transaction Monitoring
Module 5: Identifying Potentially Suspicious Behaviour
- Generic Indicative Alerts
- Indicative Alerts specific to Insurance
Module 6: Case Studies
- Case Studies
More Information
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