AML/CFT Complete Course (Version 2024.01)

Language: English narration and transcript


Who should take this course

  • Covered Persons as specified in the Anti-Money Laundering Act and its amendments, particularly BSP-, Insurance Commission-, and SEC-supervised Financial Institutions
  • Compliance Office Staff, Internal Audit Staff, Officers, Senior Management, Directors, Stockholders, New Staff, Front-Line Staff, New Hires, Refresher, Transferees, Employee-wide training of the Covered Persons mentioned above
  • Individuals, working professionals, and business owners who are looking to understand AML/CFT policies

For a complete list of Covered Persons under the AMLA, click here.

What you will learn

  • What is Money Laundering?
  • Who are the Covered Persons?
  • What are the duties and responsibilities of Covered Persons?
  • What is Terrorist Financing?
  • Why it is important to have anti-money laundering and counter-terrorism financing training.
  • AML/CFT laws and policies
  • AML Know-Your-Customer (KYC) Procedures and Customer Due Diligence (CDD)

 

  • Beneficial Ownership structures
  • Money Laundering Activities red flags
  • The Anti-Money Laundering Council (AMLC) and its authority
  • Covered and Suspicious Transaction Reporting (CTR/STR)
  • Money Laundering and Terrorism Financing Prevention Program (MTPP)
  • Proper record keeping
  • ML/TF offenses, penalties and sanctions

Duration: 5-hours total length
Requirements: There are no prerequisites for this course.

This course includes:

  • Interactive e-learning modules
  • Explainer videos
  • Review quizzes in the modules and final assessment per module
  • One-year access
  • Free content updates within the subscription period
  • Certificate of completion

See More


Course content: 8 Modules

  • AML/CFT Key Concepts (50 minutes)
  • AMLA 2018 IRR: Implementing Rules and Regulations (40 minutes)
  • AMLA UARR: Updated AML Rules and Regulations - Volume 1 (45 minutes)
  • AMLA UARR: Updated AML Rules and Regulations - Volume 2 (80 minutes)
  • AMLA GIBO: Guidelines for Identifying Beneficial Ownership Module (20 minutes)
  • AMLA GDCR: Guidelines on the Digitization of Customer Records Module (20 minutes)
  • AMLA MRAS: Money Laundering/Terrorist Financing Risk Assessment System Module (30 minutes)
  • AMLA RPAC: Rules of Procedure in Administrative Cases Module (20 minutes)

Description

The AML/CFT Complete Course presents a comprehensive approach to the advanced concepts and key information of the AMLA (including its related amendments and laws) that will enable any individual—particularly, AMLA-Covered Persons who are required by the AMLC to take this course and who are at high-risk exposure to potential money laundering and terrorist financing crimes—to protect themselves and their businesses.

The course's objective is to provide essential knowledge to Covered Persons regarding the key components of the Anti-Money Laundering Act (AMLA). Additionally, the course briefly covers certain aspects of the Terrorism Financing Prevention and Suppression Act (TFPSA), the Anti-Terrorism Act (ATA), and the amendments made to AMLA.

The first module of the course focuses on defining Money Laundering and identifying the duties and responsibilities of Covered Persons according to AMLA. It also covers the concept of Terrorist Financing and emphasizes the importance of continuous AML/CFT training. The course provides an overview of the laws and policies related to AML/CFT and introduces learners to the AMLC as the authority for submitting CTRs/STRs.

Another significant topic addressed in the course is the implementation of AML Know-Your-Customer (KYC) Procedures and Customer Due Diligence (CDD) to prevent illicit activities for both businesses and professionals.

The course also extensively covers topics such as developing skills in identifying Beneficial Owners, recognizing ML/TF red flags, conducting risk assessment, managing digital customer records, and maintaining proper record keeping. It will also walk you through understanding Money Laundering red flags within organizations and other AML reporting systems as prescribed by the law.


What learners say about this course

"Well-crafted course, its flexibility is very helpful to us Real Estate Brokers. Keep up the good work!" – Raquel A.
"It was a very positive experience. I have learned a lot. Hoping to gain more knowledge in future modules." – Jundel A.

This course is available with single or group registration options.

This is currently unavailable. Click here to see available products.

Category

Search Products

Your Shopping Cart

You have no products in your cart. Click on a title and select the products you require.