The Financial Crime, AML & Economic Sanctions course is designed to provide professionals with a comprehensive understanding of the key risks, regulations, and compliance requirements in combating financial crime. This course equips learners with the necessary knowledge to identify, prevent, and manage risks related to money laundering (ML), terrorist financing (TF), bribery, corruption, fraud, and sanctions violations.

Topics Covered

• Introduction to Financial Crime & Compliance – Understanding the global financial crime landscape and its impact on financial institutions.



• Money Laundering and Terrorist Financing – Exploring the three stages of money laundering (placement, layering, integration), the funding of terrorism, and predicate offences.



• Regulation and Supervision – Overview of global regulatory frameworks, including FATF, EU AML Directives, MONEYVAL, Basel Committee, Wolfsberg Group, OECD, and Egmont Group.



• AML Compliance Programme – The role of MLROs, risk assessments, client acceptance policies, internal audits, and employee training.



• The Risk-Based Approach (RBA) – How firms assess and manage financial crime risks using business-wide and customer risk assessments.



• Customer Due Diligence (CDD) & KYC – Implementing CDD measures, including Simplified Due Diligence (SDD), Enhanced Due Diligence (EDD), and monitoring of high-risk clients.



• Sanctions & Compliance – Understanding UN, EU, UK, and US (OFAC) sanctions, compliance strategies, and risk assessments.



• Bribery, Corruption, and Fraud – Identifying key risks and international anti-bribery measures such as the FCPA (Foreign Corrupt Practices Act).



• Tax Evasion & Predicate Offences – Exploring financial crimes that generate illicit proceeds requiring laundering.

Learning Outcome

The course provides a deep understanding of financial crime, money laundering (ML), terrorist financing (TF), fraud, bribery, corruption, and sanctions violations. Readers will learn about the three stages of money laundering (placement, layering, and integration) and the broader economic and regulatory implications.
The document covers global AML/CFT regulations, including the Financial Action Task Force (FATF), EU AML Directives, MONEYVAL, Basel Committee, Wolfsberg Group, and OECD. It explains key compliance measures such as Customer Due Diligence (CDD), Know Your Customer (KYC), Enhanced Due Diligence (EDD), and Suspicious Activity Reporting (SARs).

Additionally, it explores sanctions compliance, the role of Financial Intelligence Units (FIUs), and strategies for risk-based financial crime management. By the end, readers will understand the impact of financial crime, regulatory expectations, and best practices for compliance.