This Compliance Risk Management and AML Training is a combination of compliance management and Anti Money Laundering which is designed for those who are working or aspiring a career in the financial industry and wants to develop the fundamental skills needed to identify and manage regulatory risk in their organisation.
This course is designed by industry experts to take you through key topics such as how to implement an efficient Compliance Management System, ethics and compliance, risk types and classifications. It will also teach how to design a solid risk management strategy. Along with these, the course covers the fundamental aspects of Anti Money Laundering, such as Proceeds of Crime Act 2002 and the development of anti-money laundering regulation.
In this course, you’ll learn about risk-based approach customer due diligence and identification of suspicious conduct and transactions. Also, you’ll understand the responsibilities of the money laundering reporting officer.
Curriculum
- 12 Sections
- 0 Lessons
- 16 Weeks
- Module 01: Introduction to Compliance0 ItemsIn module one, we will gain an in-depth understanding of what compliance is, taking a look at the benefits of compliance and the role and responsibilities of the compliance department.
- Module 02: Five basic elements of compliance0 ItemsIn module two, we will explore policy and code of conduct in compliance, learning about the structure of the compliance organisation and key compliance processes. It includes training on how to implement an effective compliance audit process.
- Module 03: Compliance Management System (CMS)0 ItemsIn module three, we’ll learn how to implement and monitor a Compliance Management System in the workplace, with step-by-step training. It discusses the key elements of CMS, the role of the compliance committee and compliance officer, and compliance programs.
- Module 04: Introduction to Money Laundering0 ItemsIn module four, we’ll gain a detailed insight into money laundering and understand how money is laundered through the three stages of money laundering.
- Module 05: Risk and Types of Risk0 Items
- Module 06: Proceeds of Crime Act 20020 ItemsIn this module, we’ll gain an in-depth understanding of the Proceeds of Crime Act 2002. We’ll understand the notion of criminal property and the notion o suspicion.
- Module 07: Development of Anti-Money Laundering Regulation0 ItemsIn module seven, we’ll learn about the evolution of the Money Laundering Directive from the first to the fifth and terrorism legislation.
- Module 08: Responsibility of the Money Laundering Reporting Officer0 ItemsModule eight discusses the roles and responsibilities of the Money Laundering Reporting Officer and how an MLRO can take part in ensuring organizational financial security.
- Module 09: Risk-based Approach0 ItemsIn module nine, we’ll learn about the risk-based approach, how to assess a risk profile and how to assess client risk.
- Module 10: Customer Due Diligence0 ItemsModule ten explains the notion of Customer Due Diligence. Here we’ll learn about Enhanced Due Diligence for higher-risk customers as well as account opening, customer identification and verification.
- Module 11: Suspicious Conduct and Transactions0 ItemsIn module eleven, we’ll learn about identifying suspicious activity and suspicious transaction and how to deter them. Also, we’ll deepen our understanding of unusual transactions and the events that might cause suspicion
- Module 12: Risk Management Process0 ItemsIn this final module, we will fully familiarise with the risk management process and framework, with training on how to identify, analyse, evaluate, monitor, review and treat risk.
