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. And, the course also tackles the crucial topic of ML/TF offenses and their corresponding penalties and sanctions.
Learners can complete this course in approximately five hours, including learning checks and the final exam, with no prerequisites required.
Enrolling in the course grants learners access to all modules for a full year, along with free content updates throughout the subscription period to reflect amendments to the law and issuances from the AMLC.
Course content: 4 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)
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