Certified Anti Money Laundering Specialist [CAMLS]-3rd Batch

This module introduces the fundamental concepts of money laundering and terrorist financing. It covers how and why money is laundered, the processes involved, and the economic and legal impacts of these illegal activities. Participants will also learn to distinguish between money laundering and terrorist financing and understand their broader implications on financial stability.

This module focuses on the practical application of anti-money laundering (AML) and counter-terrorist financing (CTF) measures. Participants will explore customer due diligence (CDD) practices, identifying suspicious activities, and implementing effective compliance strategies to detect and report illegal financial activity.

This module provides an overview of the global and regional legal frameworks that govern AML and CTF efforts. It examines key international organizations and guidelines, such as the Financial Action Task Force (FATF), Basel Committee, and national regulations like the UK and US regulatory frameworks, focusing on how they shape compliance and enforcement actions.

This module emphasizes the risk-based approach to AML compliance. It covers how organizations can assess and manage their risk exposure by evaluating customer type, geographical location, products, and services. Participants will also learn about electronic risk rating and compliance monitoring systems.

This module explores how financial technology (Fintech) is reshaping the landscape of money laundering and financial crime. Participants will learn about virtual currencies, transaction monitoring systems, and the role of digital identity in customer onboarding. It also covers emerging threats and opportunities in the fintech space related to AML.

This module provides an in-depth look at how money laundering occurs across both financial and non-financial sectors. It covers common industries like banking, real estate, and legal services, highlighting the vulnerabilities in each sector and exploring the regulations and practices to prevent money laundering.

This module focuses on developing and implementing effective AML compliance programs. It covers the monitoring and examination process, including periodic reports, compliance risk assessment, and best practices for regulatory examinations.

This module explores the risks and responsibilities associated with correspondent banking. It covers the policies and measures needed to mitigate money laundering and terrorism financing risks in correspondent banking relationships and examines the roles of intermediary banks.

This module delves into the internal controls and organizational structure within banks that are critical for preventing money laundering and financial crimes. It examines the roles and responsibilities of staff, management, and internal audit teams in ensuring compliance with AML regulations.

This module focuses on the process of categorizing customers based on risk to manage AML effectively. Participants will learn about the factors that influence customer risk, such as type, geographic location, and products or services, and how to apply risk-scoring models in practice.

This module covers the legal obligations of financial institutions regarding transaction reporting and monitoring. It examines the processes for reporting suspicious transactions, cash transaction reports, and counterfeit currency reporting, focusing on how to stay compliant with AML regulations.

This module covers the principles of Know Your Customer (KYC) procedures and how they fit into the global AML framework. Participants will learn about the importance of KYC, its connection to AML efforts, and the international regulations governing KYC processes. The module also explores the role of the Basel Committee in shaping global KYC policies.

This module focuses on the detailed processes involved in customer onboarding, emphasizing the importance of KYC in different sectors, including individual and corporate accounts. It covers the specific procedures for onboarding high-risk customers such as non-profit organizations and politically exposed persons (PEPs).

This module focuses on the practical aspects of KYC operations, including customer profiling, account monitoring, and safeguards. It covers the specific requirements for opening and closing accounts and the monitoring of customer activities to prevent money laundering and terrorist financing.

This module examines the role of digital identity in customer onboarding and the associated challenges and benefits. It explores the implementation of online KYC updates and the use of digital identity verification systems to streamline the onboarding process while ensuring compliance.

This module focuses on applying a risk-based approach in customer due diligence (CDD) processes. It covers how organizations can assess and categorize customers based on risk factors such as customer type, geographic location, and the nature of products and services offered.

This module uses a case study approach to examine the extraterritorial powers of the United States in AML enforcement. It covers how U.S. AML regulations, such as the Patriot Act, extend beyond national borders and the implications of this on international financial institutions.