Risk, Compliance and AML

Anti Money Laundering and Financial Crime Compliance

Money laundering controls fail in a predictable pattern: onboarding collects documents nobody reviews, monitoring produces alerts nobody can clear, and the reports that matter are never filed. This course covers building controls that work. Delegates work through the money laundering and terrorist financing risks a business actually faces, and a risk assessment that drives where effort goes. Customer due diligence follows, including beneficial ownership, politically exposed persons and the enhanced measures higher risk relationships require. Ongoing monitoring and transaction screening are addressed, including calibrating thresholds so alerts are workable. Sanctions screening and its specific failure modes are covered. Suspicious activity identification, internal escalation and reporting to the financial intelligence unit follow, along with tipping off. Record keeping and training obligations are covered. The course closes on independent testing, on regulator inspection and on governance of the compliance function.