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AML/CFT General Awareness – Payment Aggregators (India)
On-demand AML/CFT training courses customised by country and financial services sector
Fintelekt’s AML/CFT General Awareness Training & Certification Course (Payment Aggregators) is an industry-reviewed and regulator-reviewed module designed to help employees within authorised payment aggregator companies 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
- To understand regulatory obligations and international norms around AML/CFT
- To learn about the latest trends within AML/CFT including new and emerging risks
- To learn ways to improve monitoring and reporting
- To understand the importance of preventive policies and controls
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
- Reporting and Record Keeping
- FATCA and CRS
- 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: Methods of Money Laundering
- Various Methods
- Case Studies
Module 5: Customer Due Diligence
- Elements of KYC Policy
- Beneficial Ownership
- Merchant On-boarding
- CDD, EDD, PEPs and High-risk jurisdictions
- Name Screening and Ongoing Due Diligence
Module 6: Transaction Monitoring
- Purpose of Transaction Monitoring
- Suspicious Transactions
- Red Flag Indicators
Module 7: Red Flag Indicators
- Red Flags Related to Customers
- Transaction-Related Red Flags
- Account-Related Red Flags
- Money Transfer or Remittance Related Red Flags
More Information
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