BIB oktatás


International Advanced Certificate in AML

  • ICA Képzések


Unit 1: What are the Money Laundering, Terrorist Financing and Sanctions Risks that must be Managed?

• What is money laundering?
  ⸰⸰What role can the financial sector play?
  ⸰⸰How is money laundered?
  ⸰⸰A modern assessment of money laundering
  ⸰⸰The money laundering offences
  ⸰⸰The links between money laundering and corruption
  ⸰⸰Money laundering and tax evasion
  ⸰⸰Why is money laundering prevention important?

• Terrorist financing
  ⸰⸰What is terrorist financing?
  ⸰⸰How is terrorism financed?
  ⸰⸰What is an alternative remittance system?

• Financial and economic sanctions
  ⸰⸰What are sanctions?
  ⸰⸰Why are sanctions important?
  ⸰⸰United Nations Sanctions Framework
  ⸰⸰Regional sanctions
  ⸰⸰US (OFAC) regime
  ⸰⸰Country restrictions
  ⸰⸰Local sanctions laws
  ⸰⸰The cost of getting it wrong

• Proliferation finance
  ⸰⸰Dual-use items
  ⸰⸰The risks arising from proliferation financing

Unit 2: The International Bodies and Standard Setters

• The role of the international bodies
• Key international organisations
⸰ The International Monetary Fund
⸰ United Nations Global Programme against Money Laundering
⸰ The World Bank
⸰ The Financial Action Task Force
⸰ The Basel Committee on Banking Supervision
⸰ The European Commission and Council
⸰ The Egmont Group
⸰ The Wolfsberg Group
⸰ Transparency International

• The work of the international bodies and its relevance for AML practitioners
⸰⸰FATF mutual evaluations
⸰⸰Typologies and guidance
⸰⸰The focus of transparency

Unit 3: National Legal and Regulatory Frameworks


• The impact of the FATF standards and recommendations on domestic frameworks
• US primary legislation and regulation
  ⸰⸰Bank Secrecy Act 1970
  ⸰⸰The PATRIOT Act
  ⸰⸰Other related AML/CTF legislation
  ⸰⸰Key US regulatory and law enforcement authorities
  ⸰⸰Lessons from enforcement actions
• United Kingdom
  ⸰⸰Primary legislation: The Proceeds of Crime Act 2002
  ⸰⸰Secondary legislation: The Money Laundering Regulations 2017
  ⸰⸰Industry and professional guidance
  ⸰⸰Financial Conduct Authority supervisory rules and enforcement
  ⸰⸰Key UK law enforcement authorities
  ⸰⸰The UK as a high-risk jurisdiction
• Examples of other jurisdictions
  ⸰⸰Hong Kong
  ⸰⸰United Arab Emirates

Unit 4: Taking an AML/CFT Risk-based Approach and Managing the Risks

• What is an AML/CFT risk-based approach?

  ⸰⸰FATF guidance on the risk-based approach
  ⸰⸰National risk assessments

•Determining the risks

  ⸰⸰Business risk assessments: organisations and operational risks
  ⸰⸰Assessing sector risk
  ⸰⸰Assessing product and service risk
  ⸰⸰Customer risk
  ⸰⸰Geographical risk
  ⸰⸰Delivery channel risk

•Management of AML/CTF risks

⸰⸰Implementing a risk-based approach

•Anti money laundering roles and responsibilities within a financial services business

  ⸰⸰The role of senior management
  ⸰⸰The role of the money launderingreporting officer
  ⸰⸰The MLCO/MLRO’s role in money laundering risk assessment
  ⸰⸰Managing relationships with law enforcement agencies and regulators

•Escalation to senior management

•Exiting relationships

Unit 5: Initial and ‘Ongoing’ Customer Due Diligence (CDD)

•What is CDD?
  ⸰⸰The basic European and UK domestic standard
  ⸰⸰The basic international standard
  ⸰⸰Who is the customer and what is meant by the identification of beneficial owners?

•The risk-based approach to CDD
  ⸰⸰The requirements of the international standards
  ⸰⸰Practical application of the risk-based approach to CDD
  ⸰⸰Risk-based CDD requirements for existing customers

•Lower risk situations and simplified due diligence
  ⸰⸰Exceptions made to guard against financial exclusion

•Higher-risk situations and enhanced due diligence

  ⸰⸰When is enhanced due diligence required?
  ⸰⸰What is enhanced due diligence?
  ⸰⸰Mandatory high-risk customers: PEPs
  ⸰⸰Mandatory high-risk relationships: correspondent banking
  ⸰⸰Other examples of high-risk situations
  ⸰⸰Unacceptable relationships

•The practical application of CDD

  ⸰⸰Interpretation of the key CDD terminology
  ⸰⸰CDD for specific risk situations

•Identifying and verifying identity

  ⸰⸰Who must be identified and why?
  ⸰⸰Electronic verification of identity
  ⸰⸰Identifying and verifying the identity of corporate entities
  ⸰⸰Beneficial ownership and complex structures
  ⸰⸰Relying on third parties and accepting introduced business

• The extent of additional information to be collected

•Ongoing CDD’ and monitoring relationships

  ⸰⸰Trigger event monitoring
  ⸰⸰The challenges to be overcome

• Testing the CDD process

Unit 6: Monitoring Activity and Transactions

• The developing standards for monitoring transactions and activity

  ⸰⸰Customer profiling and using CDD information for monitoring purposes
  ⸰⸰Transaction records
  ⸰⸰Monitoring processes adding value to the AML/CTF regime

• Risk-based transaction monitoring and filtering framework

  ⸰⸰Transaction monitoring programmes
  ⸰⸰Automated transaction monitoring systems
  ⸰⸰Escalation processes
  ⸰⸰MI and exception reporting

• Wire transfer requirements of the International Standards

  ⸰⸰The EU Wire Transfer Regulation

• Sanctions lists and screening

  ⸰⸰Who should be screened?
  ⸰⸰Screening systems and controls


Unit 7: Recognising and Reporting Suspicions

• The international requirements
• Currency transaction reporting
  ⸰⸰The US dual reporting requirements

• What is meant by suspicion and reasonable grounds to suspect?
  ⸰⸰The subjective test of suspicion
  ⸰⸰Reasonable grounds to suspect; the objective test of suspicion

• Setting reporting rules and parameters
  ⸰⸰The issues for consideration
  ⸰⸰Cross-border reporting obligations
  ⸰⸰What constitutes suspicious activity?

• The SAR/STR process and its documentation
  ⸰⸰Acknowledging an SAR/STR
  ⸰⸰Reasons for reporting
  ⸰⸰Making enquiries
  ⸰⸰The MLCO/MLRO evaluation process
  ⸰⸰Avoiding tipping off

• Balancing the needs of law enforcement with breach of customer confidentiality
  ⸰⸰The interface with data protection requirements

Unit 8: The Vulnerabilities of Specific Services and Products Introduction

• Banking services
  ⸰⸰Retail banking services
  ⸰⸰Private banking

• Correspondent banking
• Lending and credit
  ⸰⸰Credit/charge cards and stored-value cards
  ⸰⸰Consumer finance
  ⸰⸰Mortgage lending

• International trade and trade finance
  ⸰⸰Letters of credit

• Foreign exchange and money transfer services
  ⸰⸰Foreign exchange bureaux
  ⸰⸰Money services businesses including alternative remittance systems

• Trust and corporate service providers
  ⸰⸰Corporate service providers
  ⸰⸰Trustee services
  ⸰⸰Tax evasion through offshore trusts and companies

• Insurance
  ⸰⸰Life insurance
  ⸰⸰General insurance

• The gaming sector
• Internet payment systems and virtual currencies
  ⸰⸰Risk factors within internet service providers
  ⸰⸰Digital virtual currencies



Business Development Manager
Phone: +36 20 280 7184

Head of International Business Development and Innovation
Phone: +36 30 20 37957