Description

The AMLC Registration and Reporting Guidelines (ARRG) Module follows the latest guidelines and training materials released by the Anti-Money Laundering Council (AMLC). It is designed to align with the Council’s standards, ensuring that Covered Persons receive accurate and up-to-date instructions on how to comply with the legal obligations of registration and reporting under the Anti-Money Laundering Act (AMLA).

The objective of this module is to train Covered Persons on the proper procedures for registering with the AMLC and reporting covered and suspicious transactions. It emphasizes the critical importance of both processes in combating money laundering and terrorism financing. Learners will understand the role registration and reporting play in maintaining transparency and accountability in their operations.

Key topics covered in the module include a step-by-step guide on AMLC registration, detailed instructions on fulfilling reporting requirements, and the creation of Covered Transaction Reports (CTRs) and Suspicious Transaction Reports (STRs). The module also outlines the penalties for late or non-reporting, highlighting the serious consequences of non-compliance, and offers practical tips on how to avoid common mistakes in the registration and reporting process.

Learners can complete this module in less than an hour, including learning checks and the final exam.

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.

What to expect in the 2024 version:

• Improved playback speed feature – All learners now have the ability to adjust the viewing speed of the videos, which enhances learning by enabling learners to optimize their pace for a personalized experience.
• New topic overview slide – Every module is now organized with new topic overview slides, providing learners with a summary of the course content, helping them to get a better understanding of the topics covered.
• Additional FATF (Financial Action Task Force) content – This is the most up-to-date content providing learners with a deeper understanding of the FATF guidelines and how they relate to AML/CFT compliance.
• Deep dive definitions of terminologies – Learners are now provided with detailed explanations of key terms and concepts related to AML/CFT compliance to help them digest the contents of the modules faster and ensure retention.