Focus on Anti-Money Laundering & Financial Crime - Online Academy

IFF - International Faculty of Finance
Course summary
5 weeks, 2 hrs p/w
499 GBP excl. VAT
Online courses

Suitability - Who should attend?

This flexible course is perfect for anyone who works for a financial institution who really wants to understand the AML threat: new joiners, graduate trainees, compliance staff, IT staff and anyone with direct or indirect exposure to clients /transactions.

The course is also suitable for anyone working in a non-financial business who may be affected by new regulations – real estate and letting staff, lawyers, notaries, accountants, trust providers and high-value dealers.

Outcome / Qualification etc.

The course aims to get delegates to a level of ‘professional scepticism’ that regulators believe is crucial in the fight against financial crime and money laundering. It will go behind and beyond the regulations to show delegates how to apply the ‘smell test’ to transactions, individuals and businesses and ensure that the level of suspicious activity reports [SARs] rises. It will cover the newest regulations regarding due diligence and KYC as well as how financial institutions, businesses and individuals can protect themselves against financial crime.

Training Course Content

Module 1: The Scale of the Problem, Terminology and Methodology

  • A $2tn industry
  • Understanding the terminology from both sides
  • Placement, layering & integration
  • Predicate crimes and their audit trails
  • Tax evasion/avoidance & the problem with cash
  • The role of financial institutions & obliged entities
  • Terrorist financing & people trafficking
  • Recent typologies

Module 2: The Regulatory Environment

  • FATF/Egmont/Wolfsberg and other international bodies
  • EU regulators and their scope of influence
  • FinCen & other US regulatory players
  • OFAC & sanctions bodies
  • Asia Pacific Regulators
  • BIS/Transparency International and other trade bodies
  • 4MLD & its influence

Module 3: Types of Customer & High-Risk Jurisdictions

  • PEPs & PEP Associates
  • Trusts/Foundations/Offshore Companies/Charities/LLPs
  • High risk jurisdictions – what do we mean by offshore?
  • What do the Panama & Paradise Papers tells us?
  • Sectors/countries that are particularly vulnerable to ML
  • Customer & entity ‘red flags’

Module 4: Due Diligence

  • Identification & verification – problems with documents
  • KYC – the importance of ‘professional scepticism’
  • Enhanced Due Diligence – when and how
  • Beneficial ownership – new regulations
  • Understanding ‘control’
  • Problems with policies & procedures
  • The dangers of ‘box ticking’ in DD
  • Remediation
  • The ‘smell test’ and the importance of SARs

Module 5: Sanctions & the Future

  • What are sanctions?
  • Types of sanction programme
  • SDNs & Blocked Persons
  • Restricted goods regulations
  • Penalties for sanction breaches
  • NPPS
  • Cryptocurrencies
  • Assessing weaknesses in global AML programmes


The cost of this training course is £499 + VAT per delegate.

About provider

International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...

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IFF - International Faculty of Finance

Maple House 149, Tottenham Court Road
W1T 7AD London

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