About This Course

This foundation course is designed for professionals seeking a solid understanding of Anti-Money Laundering (AML) and financial crime. Participants will explore the fundamentals of AML, key risks and red flags, global standards and regulatory frameworks across the U.S., EU, and APAC, as well as the essentials of building an AML compliance program. The course combines theory with real-life case studies, practical exercises, and assessments to help learners recognize money laundering schemes and apply effective compliance practices in their professional roles.

Sylabus

Module 1: Foundations of AML and Financial Crime

• Introduction to Anti-Money Laundering (AML)

• What is Money Laundering and Financial Crime?

• Differences Between Money Laundering, Terrorist Financing, and Predicate Crimes

• Common Techniques of Money Laundering (Placement, Layering, Integration)

• Understanding Predicate Offenses: Fraud, Drug Trafficking, Corruption, etc.

• Case Study: Crestline Ventures – A Retail Laundering Ring

Module 2: Key Risks and Red Flags

• Red Flags in Banking and Nonbanking Transactions

• Sanctions Evasion and Compliance Overview

• Politically Exposed Persons (PEPs) and Ultimate Beneficial Ownership (UBO)

• Risk Types: Operational, Legal, and Reputational

• Case Study: MetroSync Bank – Wire Transfer Anomalies

Module 3: AML Regulations and Global Standards

• Global AML Framework: FATF, Egmont Group, UN, IMF

• Key FATF Recommendations (Introductory Level)

• Overview of U.S. AML Regulations: BSA, Patriot Act

• Introduction to EU and APAC AML Guidelines

• Case Study: Zelcom Payments – Noncompliance Consequences

Module 4: AML Program Basics

• Components of a Basic AML Compliance Program

• Introduction to the Three Lines of Defense

• Role of MLRO and Reporting Channels

• Overview of KYC, CDD, and EDD Basics