FATF Recommendations on High Risk Customers and Activities
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Brief Introduction
FATF Recommendations on AML / CFT for High Risk Customers and Activities PEPs and Correspondent RelationshipsDescription
Do you know that the biggest challenge for financial institutions is to identify and manage the Money Laundering Risks, Terrorist Financing Risks and related activities?
Do you know why companies and institutions are being penalized by regulators?
How financial institutions manage risk of money laundering and terrorist financing? What is Financial Action Task Force FATF?
What are the Recommendations of Financial Action Task Force FATF for the High Risk Customers and Activities?
Millions of Dollars are spent by financial institutions in the world, on implementing controls and measures, to manage and mitigate Money Laundering ML and to Terrorists Financing TF risks and threats.
This course is designed to provide you a practical insight of the Anti Money Laundering AML and Countering Financing of Terrorism CFT with reference to FATF's relevant recommendations. This course is targeted on High Risk Customers and Activities undertaken by financial institutions.
In this course you will get insight about how the Financial Institutions FIs and Regulators are focusing on strong compliance culture to manage the Money Laundering ML / Terrorist Financing TF risks to avoid penalties and reputation losses.
You will learn the:
- Money Laundering and Terrorist Financing with Examples
- Anti Money Laundering AML Measures
- FATFs Risk Based Approach RBA
- Customer Due Diligence Measures
- Enhanced Customer Due Diligence EDD
- Politically Exposed Persons PEPs and related ML/TF risk factors
- Correspondent Banking Relationship and related ML/TF risk factors
- FATF Recommendations on High Risk Customers and Activities
- Practical Examples
QUIZ TO TEST YOUR KNOWLEDGE ABOUT FATF HIGH RISK CUSTOMERS AND TRANSACTIONS / AML CFT IS ALSO PART OF THIS COURSE
This course will help you in your job roles particularly if your area is Compliance, Anti Money Laundering AML, regulatory Compliance, Customer Relationship and Risk Assessment and Management.
After attending this course you will be able to confidently talk and communicate with compliance, AML / CFT professionals, audit and other related professionals.
Who is this course for:
Compliance professionals and students
Regulatory Compliance professionals
Risk management professionals and students
Internal audit professionals and students
Internal controls professionals
Finance professionals and students
CAMS, AML/CFT students
ACCA, CPA, CGA, CMA students
Requirements
- Requirements
- Knowledge of basic Compliance and Anti Money Laundering AML measures
Implementation of Anti Money Laundering AML Framework
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Anti Money Laundering AML Framework Implementation in Financial Institutions FIs including Banks to combat the money laundering risks and activities. Practical examples and scenarios are discussed in this course....
FATF Recommendations on High Risk Customers and Activities
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FATF Recommendations on AML / CFT for High Risk Customers and Activities PEPs and Correspondent Relationships Do you know why companies and institutions are being penalized by regulators?...
