Services > AML Training
AML Training
The AML/CFT Act states that Senior Managers, the AML/CFT Compliance Officer and any other employee that is engaged in AML/CFT related duties must undertake appropriate training and that this is to be included in your AML/CFT Programme.
Training is important as it provides staff with the necessary skills to assist you in meeting your obligations. As it is a requirement under the AML/CFT Act, AML/CFT Supervisors and Auditors want to see evidence of training. For this reason it is important to keep a training register that records each staff members name, date of training, topic covered, who presented the training and whether the training was subject to a test of understanding and if so, the score. Where possible the training material or product description should be kept as additional evidence.
AML Partners provides the following training:
AML/CFT Act, Codes of Practice and Guidelines Overview
Customer Due Diligence and Verification
Enhanced Due Diligence
Spotting Suspicious Behaviour
Compliance Monitoring
AML risks associated with derivatives and securities brokers. This includes how someone could manipulate pricing or trade in illiquid markets to transfer funds from one customer to another.
AML risks associated with third party payments.
Please contact us to discuss your requirements.
How Money Laundering Works
Following criminal cash from the streets of London to the gold markets of Dubai, BBC Panorama and the French media company Premières Lignes reveal how an international crime gang laundered millions in drug money.
This animation shows the extraordinary lengths the gang went to make their dirty drug money appear 'clean'.
AML Case Studies
To assist you with your training we will publish a number of case studies. These are a reminder that money launderers will go to extraordinary lengths to make their funds look legitimate.