BIB oktatás


International Diploma in AML

  • ICA Képzések

Module 1: Anti Money Laundering (AML) and Countering the Financing of Terrorism CFT in Context

Unit 1: Money Laundering and Terrorist Financing – Definitions and Nature

• The nature of money laundering and terrorist financing
• How is money laundered?
• Limitations of the three-staged interpretation of money laundering

Unit 2: The International Context

• Why knowledge of international initiatives and developments is important
• The Financial Action Task Force (FATF)
• The European Commission and Council
• The International Monetary Fund (IMF)
• The United Nations system (UN)
• The Basel Committee on Banking Supervision
• The Organisation for Economic Co-operation and Development (OECD)
• The Egmont Group of Financial Intelligence Units – a semi-governmental organisation
• Non-governmental organisations (NGOs)
• The interface between money laundering and corruption

Unit 3: The International Anti Money Laundering and Counter Terrorist Financing Framework

• Development of domestic anti money laundering and counter terrorist financing (AML/CFT) models
• The UK’s AML/CFT legislation and strategy
• The UK Framework: primary legislation
• The UK Framework: secondary legislation and regulation
• The Jersey strategy on money laundering and terrorist financing
• The Guernsey strategy on money laundering and terrorist financing
• Alternative national AML/CFT models

Unit 4: Laundering the Proceeds of Tax Evasion

• The nature of tax evasion
• Taxes payable and conflict of laws rules that determine where taxes are paid
• Typical onshore anti-tax avoidance provisions
• New disclosure requirements designed to identify tax evaders
• Criminal liability for laundering the proceeds of tax evasion

Unit 5: Vulnerabilities of Products and Services

• Retail banking services
• Lending and credit facilities
• Cyber-laundering, electronic payment systems and emerging technologies
• International trade and trade finance
• Wealth management
• Investment management services and securities
• Stockbroking, investment management and fund products
• Retail investment funds
• Life insurance and pensions
• General Insurance
• Money services businesses
• Non-financial professionals (lawyers and accountants)
• Trusts and corporate services providers

Module 2: Terrorist Financing,Proliferation Financing andSanctions

Unit 6: Terrorist Financing and Proliferation Financing

• The international strategy on terrorist financing
• The EU strategy on terrorist financing
• The USA Patriot Act and US extraterritoriality
• The UK’s counter terrorist financing strategy
• Characteristics of terrorist financing
• Moving terrorist funds
• The financing of Weapons Proliferation

Unit 7: Complying with Sanctions Regimes and Freezing Requirements

•What are sanctions?
•Why are sanctions relevant to the financial sector?
•Global sanctions framework
•European Union (EU) sanctions regime
•UK financial sanctions regime
•US financial sanctions regime
•Complying with financial sanctions regimes
•Designing a compliance framework
•Sanctions lists and screening
•Quality assurance and testing
•Internal communications and training


Module 3: Designing a Comprehensive AML/CTF Risk-based Approach for a Financial Services Business

Unit 8: Concepts of Risk Management


•Key concepts of risk assessment
•The identification of money laundering and terrorist financing risks
•Countering the risk of terrorism financing
•Identifying and assessing risk
•The creation of a control library
•Measuring the effectiveness of controls
•Additional review activities
•Deliverables from the risk-based approach

Unit 9: Implementing an AML/CTF Risk-based Approach for a Financial Services Business

•The international standards and requirements
•Determining a risk-based strategy and approach
•Applying the risk-based strategy and approach
•Benefits of a risk-based strategy and approach
•Designing an AML and CFT strategy
•Identifying and managing specific money laundering risks
•Understanding the interrelated business risks
•Continuous review of the risk-based approach to AML/CFT


Module 4: Risk-based Customer Due Diligence (CDD), Customer Risk Profiling and Monitoring

Unit 10: Customer Due Diligence (CDD)

•Customer Due Diligence (CDD) – What is it?
•Taking a risk-based approach to CDD
•The value of CDD information
•Transparency and beneficial ownership requirements
•The requirement of enhanced due diligence requirements
•Managing high-risk situations: Politically Exposed Persons (PEPs)
•Managing high-risk situations – correspondent banking
•Simplified due diligence (SDD) in lower-risk situations
•Assessing money laundering risk in all other circumstances
•The CDD information to be collected and verified
•Relying on third parties and accepting introduced business
•Customer reviews and updating CDD
•Compliance monitoring of the CDD process
•Retaining customer records

Unit 11: Escalation and Exit Strategies

•Exits and escalations: A introduction
•Exiting relationships

Module 5: Governance and Leadership

Unit 12: The AML/CFT Governance Framework

•Managing AML/CFT compliance risks
•Defining roles and responsibilities
•The Money Laundering Reporting Officer (MLRO)

Unit 13: Management Issues for an AML and CFT Policy

•Formulating a risk-based strategy and policy
•The need for a group-wide programme
•The content of a policy
•Defining and determining the risk-based approach for CDD policies
•Senior management commitment in to the policy
•Implementing and communicating internal AML/ CFT compliance arrangements
•Other AML/CFT issues to consider

Unit 14: Culture and Training

• Creating an effective AML/CFT culture
• Common cultural barriers
• Staff awareness and training
• Competency testing Module 6: Suspicious ActivityReports and Dealing with theAuthorities

Unit 15: Transaction and Activity Monitoring

• Requirements of the international standards
• Monitoring wire transfers
• Transaction records
• Strategic transaction monitoring and filtering programmes
• Identifying key risks
• Risk-based transaction monitoring
• Review, management information and key performance indicators

Unit 16: Recognition, Handling and Reporting of Transactions

• The legal obligation to report
• The mandatory reporting requirement
• Currency transaction reporting
• Designing an effective internal reporting system
• The nominated officer’s evaluation process
• Making an SAR to law enforcement

Unit 17: Post-reporting Considerations

• Handling the risk of committing the tipping-off offence
• Constructive trusteeship
• Responding to discovery and enforcement orders
• Terminating relationships
• Managing media enquiries
• Subsequent customer review techniques

Unit 18: Dealing with the Authorities

• Obtaining law enforcement consent
• Post-SAR procedures
• Responding to informal requests for additional information
• Monitoring/Production and other court orders
• Legal professional privilege (LPP)
• Fraud and International Cooperation Notices
• Restraint Orders
• Confiscation Orders
• Civil asset recovery
• Managing document retention




Business Development Manager
Phone: +36 20 280 7184

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