Legal / Law Training Course on Anti-Money Laundering (AML) & Financial Crime Compliance

Module 1: Introduction to AML and Financial Crime
Overview:
Understanding the scope, objectives, and principles of AML and financial crime compliance.
Key Focus Areas:
Definition and types of financial crimes (money laundering, terrorist financing, fraud, corruption)
Legal and regulatory frameworks (national and international)
Roles of regulators, financial institutions, and corporate entities
Economic and reputational impact of financial crimes
Case studies on AML failures and enforcement actions
Learning Outcome:
Participants will gain a foundational understanding of AML and financial crime compliance principles.

Module 2: Legal and Regulatory Frameworks
Overview:
Navigating AML laws, guidelines, and international standards.
Key Focus Areas:
National AML laws and regulations
International standards: FATF, UN conventions, Basel AML guidelines
Sector-specific AML compliance obligations
Enforcement mechanisms and penalties
Case studies on regulatory interventions
Learning Outcome:
Participants will understand the legal landscape and regulatory requirements for AML compliance.

Module 3: Customer Due Diligence (CDD) and Know Your Customer (KYC)
Overview:
Implementing effective customer identification and risk assessment procedures.
Key Focus Areas:
Customer identification and verification
Risk-based approach to CDD
Enhanced due diligence for high-risk clients
Politically exposed persons (PEPs) and sanctions screening
Record-keeping and reporting requirements
Learning Outcome:
Participants will learn to conduct effective due diligence and manage client risk in compliance with AML laws.

Module 4: Transaction Monitoring and Reporting
Overview:
Detecting and reporting suspicious activities to authorities.
Key Focus Areas:
Monitoring and analyzing financial transactions
Indicators of suspicious activity
Reporting obligations: Suspicious Activity Reports (SARs)
Case studies on transaction monitoring failures
Use of technology and analytics in monitoring
Learning Outcome:
Participants will acquire practical skills to identify and report suspicious financial activities.

Module 5: AML Compliance Program Development
Overview:
Designing organizational frameworks to ensure AML compliance.
Key Focus Areas:
Policies, procedures, and internal controls
AML compliance officer roles and responsibilities
Training and awareness programs for staff
Audit, monitoring, and continuous improvement
Case studies of effective compliance programs
Learning Outcome:
Participants will gain the expertise to design and implement robust AML compliance programs.

Module 6: Risk Assessment and Mitigation
Overview:
Evaluating and managing financial crime risks in business operations.
Key Focus Areas:
Risk identification and classification
Risk-based approach to AML compliance
Managing third-party and vendor risks
Scenario-based exercises for risk mitigation
Lessons from financial crime enforcement cases
Learning Outcome:
Participants will be able to assess and mitigate AML and financial crime risks effectively.

Module 7: Investigations and Forensic Techniques
Overview:
Conducting investigations and gathering evidence in financial crime cases.
Key Focus Areas:
Investigation procedures and techniques
Documentation and evidence management
Collaboration with regulators and law enforcement
Digital forensics and tracing illicit funds
Case studies on AML investigations
Learning Outcome:
Participants will gain practical skills to investigate and respond to financial crime incidents.

Module 8: Enforcement, Litigation, and Penalties
Overview:
Managing regulatory enforcement actions and legal challenges.
Key Focus Areas:
Regulatory investigations and penalties
Legal remedies and dispute resolution
Enforcement trends and best practices
Lessons from high-profile AML enforcement cases
Responding to regulatory inquiries and audits
Learning Outcome:
Participants will understand how to navigate AML enforcement, litigation, and legal risk.

Module 9: Emerging Trends in Financial Crime and AML
Overview:
Addressing evolving threats and regulatory developments.
Key Focus Areas:
Cyber-enabled financial crimes and cryptocurrency-related risks
Emerging regulatory frameworks and global trends
Technology and AI in AML monitoring and compliance
Cross-border financial crime considerations
Future-proofing AML compliance programs
Learning Outcome:
Participants will be prepared to address emerging financial crime threats and evolving regulatory requirements.

Module 10: Capstone Project – AML Compliance Simulation
Overview:
Applying knowledge in practical scenarios and simulations.
Key Focus Areas:
Conducting AML risk assessments for a simulated organization
Designing and implementing AML compliance policies
Detecting and reporting suspicious transactions
Simulating regulatory inspections and enforcement responses
Presenting recommendations and lessons learned
Learning Outcome:
Participants will demonstrate practical competence in managing AML compliance and financial crime prevention.
Practical Exercises & Case Studies
Customer due diligence (CDD) and enhanced due diligence (EDD) exercises
Transaction monitoring and suspicious activity reporting simulations
AML compliance program design and audit exercises
Case studies on regulatory enforcement, financial crime investigations, and sanctions
Risk assessment and mitigation scenario exercises