AML - CTF Advanced Level and Preparation to the Certified AML - CAMS®️ Certification

in cooperation with ACAMS and the House of Training Quality Circle "Anti-Money Laundering"

The Association of Certified Anti-Money Laundering Specialists® (ACAMS®) is the premier organization for anti-money laundering (AML) professionals and the provider of the Certified Anti-Money Laundering Specialist® (CAMS®) credential – a respected certification in the industry.

Objective

The training course covers the following points:

Important AML related parties
Money laundering strategies, methods and techniques
Money laundering practices
AML best practices in leading Luxembourg banks (procedures and supporting tools).

The main aim of the course is to prepare the participants for the CAMS certification examination and provides the participants with 6 ACAMS credits. A one-year ACAMS membership is also included in the programme for participants who take the exam.

Target group

The course targets senior AML and compliance officers working in commercial and central banks as well as other financial institutions, supervision authorities employees dealing with these matters at supervisory level. The participants are willing to sit the CAMS® Exam.

A strong level of English is required.

Knowledge assessment

At the end of the course each participant takes an internet-based CAMS® Exam. The CAMS® certification examination rigorously tests for aptitude and expertise in anti-money laundering detection and enforcement. Each person who passes the examination becomes a Certified Anti-Money Laundering Specialist® (CAMS®), a designation that is recognized by financial institutions and governments throughout the world.

Location & duration

in Luxembourg: 5,5 seminar days, CAMS® exam included

Detailed programme

PART I

1. Risks of Money Laundering and Terrorism Financing

The economic and social consequences of Money Laundering
- Global impact, macro-economic consequences
- For the financial institution
- For the country
- For the employee

2. Money Laundering / Terrorism Financing

Money laundering
- Definition & three stages cycles
Terrorist financing
- Definition & differences and similarities with ML
Laws, regulations
- EU directives - Main focus on the 4th EU ML directive and its impact on Financial Institutions
- Egmont Group
- Local laws and regulation (Luxembourg)

4. Methods of Money Laundering and Terrorism Financing

Money Laundering Methods:
- Banks and other Depositary Institutions
- Financial Institutions
- Insurances
- Non-financial Business and other professions
- IT industry
Terrorist financing methods
- Hawala, non-profit organizations

5. Due Diligence

KYC principle

6. AML Policies, Programs and Procedures

Internal control
Compliance
Learning programs

7. Investigations

From an internal perspective
From a law enforcement perspective

8. Practical aspects

Case studies

9. The role of AML staff

10. Reporting Requirements

11. SAR Reporting

12. The Criminals Approach to Due Diligence

13. Fraud Trends and Typologies

14. Proliferation of Shell Companies

15. Beneficial Ownership

16. Investigative Techniques and Sources

17. How to run an AML Risk Assessment

PART II

All the content will be detailed and studied in the context of the exam questions.

1. Money Laundering Risks and Methods

What is money laundering: definition, knowledge criteria, three stages, effects
Money laundering methods through banks: electronic transfers, correspondent
banking, payable through accounts, private banking, lending, credit unions
Trade price manipulation, Black Market Peso Exchange (BMPE), Hawala
Other money laundering methods: MSBs, credit/debit cards, cash & prepaid
cards, corporate vehicles, gatekeepers, real estate, casinos, securities, insurance
Terrorism vs. other criminal acts
Sample Exam questions and Q&A
International AML Standards
FATF: goals, membership, revised 40 Recommendations, other FATF initiatives
Regional FATF bodies: APG, CFATF, GAFISUD, MENA
Basel Committee: Customer Due Diligence (CDD) & Consolidated KYC
Wolfsberg Group: correspondent & private banking principles, beneficial Owner
4th EU Directive
United States laws
Sample Exam questions and Q&A

2. Anti-Money Laundering Programs

Assessing risk: businesses, products
AML Programs: basic elements
Know Your Customer (KYC) program
Know Your Employee (KYE)
Suspicious activity red flags
Automated AML solutions
Sample Exam questions and Q&A
Conducting and Supporting Investigations
Cooperation between financial institutions and law enforcement agencies
Conducting internal investigations
Cooperation between countries: MLAT, FIU, FATF 40 Recommendations
Setting up a Financial Intelligence Unit (FIU)
Sample Exam questions and Q&A

Wrap up, Exam Taking Techniques and Questions & Answers

The Role of Compliance from a law enforcement perspective
- Obligations of regulated entities and of law enforcement
- Why law enforcement need your information and co-operation
- Different methods of information sharing
- Why effective Customer Due Diligence is so important
Basics of Financial Investigation
- Intelligence
- Evidence

Case Studies

Crime
- Laundering the proceeds of drug trafficking 1
- Laundering the proceeds of drug trafficking 2
Terrorism
- Terrorist Investigation – London Bombing
- Terrorist Investigation – Operation Optimise
- Evolving Terrorist Finance Typologies

Questions & Wrap Up

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Programme

Latest event photo gallery

From 13/05 to 21/05/2020
Seminar: Credit Risk and Cash Flow Analysis - Inspiring Cases
Where: Virtual Classroom for Albanian professionals

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Testimonial

Iva Tuka - Albania
Credit Assessment and Management - NBG Bank

about
Credit Assessment & Cash Flow Analysis
2018-04-17 / Tirana

I think the seminar was very much worth it. As it said in the title, we improved the cash flow analysis and now we are more determined about the strength of a specific borrower.

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