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Anti-Money Laundering and Counter-Terrorist Financing (2024)
Strengthen your organization’s defense against financial crimesPreview the first lesson free — get full access to all 17 lessons.
Essential Provider : KnowledgeCity 4 chapters · 17 Lessons · 40m in Arabic, English, Spanish
Course Description
In this course, Anti-Money Laundering and Counter-Terrorist Financing, you will learn to identify, prevent, and respond to financial crime threats while maintaining compliance with global regulations. Discover strategies like customer due diligence, risk-based programs, and transaction monitoring, and apply these skills to protect your organization and support global financial security. You’ll gain insight into how criminals exploit financial systems through methods such as money laundering, terrorist financing, and cryptocurrency misuse. Explore how these activities harm businesses, destabilize economies, and erode trust in financial institutions.
This course focuses on foundational strategies like customer due diligence and transaction monitoring to help reduce risks. You’ll learn to design tailored anti-money laundering and counter-terrorist financing programs, identify red flags, file Suspicious Activity Reports, and follow international standards like those set by the Financial Action Task Force. Through practical insights and clear approaches, this course equips you to build robust compliance programs that protect your organization, support global security, and strengthen confidence in financial systems
What You'll Learn
- Understand the stages and techniques of money laundering and terrorist financing, including methods such as cryptocurrency misuse
- Design risk-based AML and CTF programs tailored to your organization's needs
- Identify and respond to red flags and suspicious financial activities
- Apply customer due diligence, Know Your Customer, and transaction monitoring strategies to reduce risk
- File Suspicious Activity Reports and follow international standards set by the Financial Action Task Force (FATF)
- Apply compliance strategies to meet international AML and CTF standards
Key Takeaways
- Criminals exploit financial systems through methods such as money laundering, terrorist financing, and cryptocurrency misuse.
- These activities harm businesses, destabilize economies, and erode trust in financial institutions.
- Foundational strategies like customer due diligence and transaction monitoring help reduce financial crime risks.
- Effective AML/CTF programs rely on internal controls, employee training, and Know Your Customer processes.
- Robust compliance programs follow international standards such as those set by the Financial Action Task Force.
Frequently Asked Questions
What will I learn in this course?
You will learn to identify, prevent, and respond to financial crime threats while maintaining compliance with global regulations, using strategies like customer due diligence, risk-based programs, and transaction monitoring to protect your organization and support global financial security.
What topics does this course cover?
The course covers understanding money laundering and terrorist financing, methods and sources of illicit financing, the current legal framework, risk-based AML/CTF programs, red flags, internal controls and employee training, Know Your Customer and customer due diligence, monitoring and transaction tracking, Suspicious Activity Reporting, beneficial ownership and the Corporate Transparency Act, and global compliance considerations and FATF standards.
What skills will I gain from this course?
You will gain skills in Anti-Money Laundering, Counter-Terrorism, and Transaction Monitoring, including designing tailored AML and CTF programs, identifying red flags, and filing Suspicious Activity Reports.
What international standards does this course reference?
The course teaches you to follow international standards like those set by the Financial Action Task Force (FATF) and includes global compliance considerations.
Professional Certifications and Continuing Education Units (CEUs)
HR Certification Institute® (HRCI®)
Recertification Credits: 0.75
Society for Human Resource Management (SHRM®)
Professional Development Credits (PDCs): 0.75
KnowledgeCity is approved by SHRM as a Recertification General Provider to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). By taking the courses approved by SHRM, KnowledgeCity can award SHRM Professional Development Credits (PDCs) for HR knowledge and competency programs related to the SHRM Body of Applied Skills and Knowledge™ (the SHRM BASK™).
