Programme in preparation

Certification Programme: AML - CTF Foundation Level

In cooperation with the House of Training Quality Circle "Rules and Regulations"

Objective

  • To learn:
    • Overview of European standards and of Luxembourg AML/CTF laws and regulations
    • Stages and methods of money laundering
  • To develop knowledge / create awareness of:
    • Money laundering techniques
    • Internal organisation to reduce the risk of laundering and terrorist financing
    • Key roles and responsibilities of all actors involved
  • To understand the concepts of simplified, normal and enhanced due diligence
  • To get acquainted with AML best practices in Luxembourg (procedures and supporting tools).

Target group

Commercial bankers and financial institutions employees :

  • AML and Compliance Officers of banks and financial institutions
  • Relationship Managers in contact with the customers, risk managers and internal auditors interested in learning more about AML

Employees from central banks and supervisory authorities :

  • Junior Officers dealing with these matters at supervisory level

A good command of English is required.

Examination

The participants will have their newly acquired knowledge validated through multiple choice assessment, and will be granted a certificate of success issued by the House of Training.

Location & duration

Online: 3.5 seminar days + 0.5 day exam (morning)
Online seminar: Wednesday 30 and Thursday 31 March 2022 from 10:00 to 14:00 o'clock + Friday 1, Wednesday 6, Thursday 7, and Friday 8 April 2022 from 10:00 to 14:30 o'clock (Luxembourg Time)
Online exam: Monday 11 April 2022 from 10:00 to 12:00 o'clock (Luxembourg Time)
Platform: Webex
Technical requirements: Attendees must have a stable internet connection, working microphones, and a webcam to get the most from the workshop and to participate in the online exam.
Application deadline: please send your application to our partner in your country before Friday 25 February 2022.

Face-to-Face: Depending on COVID-19 restrictions that may apply, this course can also be delivered as a face-to-face training in HoT-ATTF partner countries as well as in Luxembourg: 4.5 seminar days, exam included.

Detailed programme Explode

Definition of Money Laundering & Terrorism Financing:

  1. ML steps
  2. TF funding

The fight against ML & TF at international level:

  1. FATF
  2. Other international bodies
  3. EU directives

The role of the financial institutions in the fight against ML & TF

The professional obligations of the financial institutions:

The obligation to customer due diligence measures

  1. Identification of customer
  2. Identification of beneficial owner
  3. Identification of the relationship
  4. Monitoring of the transaction
  5. Enhanced & simplified due diligence
  6. Reliance on third parties

The obligation to cooperate with the authorities

  1. Cooperation on demand
  2. Cooperation on own initiative
  3. Transmission of information
  4. Prohibition against informing the customer
  5. Prohibition against carrying out a suspect transaction

Embargo & sanctions regulations in the world (UN, OFAC, EU, HMT, etc.)

How to handle sanctions

Best practices for managing detaild sectoral sanctions

Review & Examination

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