Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector

The programme

Programme overview

This course provides a comprehensive exploration of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) within the banking sector, addressing the evolving complexities of financial crime prevention. Participants will gain a deep understanding of global regulations, practical risk management strategies, and technological advancements in AML and CFT compliance.

With real-world case studies, risk assessment techniques, and scenario-based exercises, this programme equips professionals to navigate the regulatory landscape effectively. It also covers recent developments such as digital financial services, cybersecurity threats, and geopolitical risks affecting money laundering and terrorist financing.

By the end, participants will have a robust toolkit to identify, report, and mitigate suspicious activities, while fostering a strong compliance culture that upholds ethical and regulatory standards.

Who should attend

Who is this programme for?

This Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector course is designed for:

• Compliance Officers Implementing AML/CFT Standards
• Financial Crime Analysts Detecting and Reporting Suspicious Activity
• Risk Management Professionals Managing Financial Crime Risk
• Customer Service Staff Requiring AML/CFT Training
• Legal Advisors Guiding AML/CFT Compliance
• Technology Officers Building AML/CFT Digital Solutions

Learning outcomes

What you will learn

• Understand global AML and CFT regulatory frameworks and obligations
• Identify red flags and suspicious activities
• Apply risk assessment techniques, including sanctions screening
• Implement effective CDD and KYC practices
• Develop skills for reporting suspicious activities
• Use AI and blockchain analysis in AML/CFT monitoring
• Strengthen your organisation's compliance culture

Explore the programme

Detailed programme outline

• Defining money laundering and terrorist financing
• The three stages: placement, layering, integration
• Key characteristics of terrorist financing
• The global landscape: FATF, Basel III, and other frameworks
• Case Study: Analysis of a major banking scandal involving money laundering.
• Global regulatory bodies: FATF, UN, IMF, World Bank
• Key AML and CFT laws in major jurisdictions
• Compliance with US and EU AML/CFT regulations
• The impact of non-compliance and sanctions
• Case Study: A recent regulatory enforcement action against a global bank.
• Principles of the Risk-Based Approach (RBA)
• Risk assessment methodologies
• Identifying high-risk customers, transactions, and geographies
• Sanctions screening: checking customers and transactions against sanctions lists
• Developing risk mitigation strategies
• Case Study: An AML risk assessment failure that led to penalties.
• Why CDD and KYC matter in combating financial crime
• Enhanced Due Diligence (EDD) for high-risk clients
• Ongoing monitoring and account review
• Challenges in implementing KYC policies
• Current Issue: How digital banking and fintech are challenging traditional KYC models.
• Red flags for money laundering and terrorist financing
• Transaction monitoring systems and best practices
• Steps for filing Suspicious Activity Reports (SARs)
• Using AI to draft SAR narratives, then verifying for accuracy
• Communicating with regulators and law enforcement
• Case Study: How financial institutions missed major terrorist financing transactions.
• AML/CFT software and AI technology, an overview
• Real-time machine learning models for customer risk scoring
• Detecting synthetic identities used to open fraudulent accounts
• Data analytics in transaction monitoring
• Blockchain and cryptocurrencies in AML/CFT
• The advantages and limits of technology in compliance
• Current Issue: The rise of privacy coins and their implications for AML compliance.
• Components of an effective AML/CFT governance framework
• The role of the board and senior management
• Developing and updating AML/CFT policies
• Explainable AI: ensuring AI-driven AML decisions can be justified to regulators
• Training and awareness programmes for staff
• Case Study: A governance failure that led to reputational damage.
• Trends in cybercrime and financial technology
• Cryptocurrency risks and compliance challenges
• Adapting to regulatory change in real time
• Building resilience for emerging threats
• Current Issue: The impact of geopolitical instability on AML compliance.
• Why compliance culture matters in financial institutions
• Strategies for employee engagement in AML/CFT
• Reinforcing ethical standards and transparency
• Continuous improvement in compliance programmes
• Case Study: How a bank transformed its compliance culture after major failures.

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.