Advanced Money Laundering Compliance Training Course

Advanced Money Laundering Compliance Training Course

Introduction

In an era of increasing financial crimes and sophisticated fraud schemes, mastering Advanced Money Laundering Compliance is not just essential—it's critical. Advanced Money Laundering Compliance Training Course equips professionals with deep, actionable insights into regulatory frameworks, risk assessment, investigative strategies, and technological advancements in AML (Anti-Money Laundering). With the rise of digital banking, crypto transactions, and AI-enhanced laundering tactics, organizations must stay ahead with robust compliance protocols and governance strategies.

This course is tailored for compliance officers, financial analysts, regulators, and legal professionals looking to strengthen their command over global AML laws, FATF recommendations, Know Your Customer (KYC) procedures, Suspicious Activity Reporting (SAR), and RegTech tools. You will explore real-life case studies, engage in simulated investigations, and gain expertise on current AML practices to identify red flags, mitigate risk, and drive ethical financial operations.

Course Objectives

1. Understand AML regulatory frameworks and global compliance mandates
2. Evaluate FATF 40 Recommendations and their regional implications
3. Apply advanced KYC and CDD (Customer Due Diligence) procedures
4. Investigate Suspicious Activity Reports (SAR) effectively
5. Use AI and machine learning for AML risk detection
6. Analyze crypto asset laundering techniques and mitigation tactics
7. Develop robust transaction monitoring systems
8. Identify and assess PEP (Politically Exposed Persons) risks
9. Interpret OFAC, FinCEN, and international sanctions compliance
10. Enhance internal controls for AML policy enforcement
11. Conduct risk-based approach (RBA) audits and reporting
12. Understand emerging threats like trade-based money laundering
13. Implement effective whistleblower and fraud reporting mechanisms

Target Audiences

1. Compliance Officers
2. Internal Auditors
3. AML Analysts
4. Financial Investigators
5. Legal and Regulatory Professionals
6. Risk Managers
7. FinTech & RegTech Consultants
8. Law Enforcement & Government Agencies

Course Duration: 10 days

Course Modules

Module 1: AML Framework and Global Standards

• Overview of AML laws and regulatory bodies
• Introduction to FATF, Basel, and Wolfsberg Principles
• Key updates to international AML standards
• AML obligations under local jurisdictions
• Penalties for non-compliance
• Case Study: HSBC AML failures and regulatory response

Module 2: Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)

• Types of CDD and EDD measures
• Risk scoring and customer risk profiling
• KYC lifecycle management
• Third-party verification tools
• Managing high-risk customers
• Case Study: Wirecard’s customer onboarding loopholes

Module 3: Transaction Monitoring & Red Flag Indicators

• Elements of transaction monitoring systems
• Automated monitoring tools
• Typologies of suspicious transactions
• Red flag behaviors and alert systems
• False positive reduction strategies
• Case Study: JP Morgan’s risk exposure in Bernie Madoff case

Module 4: Suspicious Activity Reporting (SAR)

• Legal basis for filing SARs
• Drafting effective SAR narratives
• Timing and thresholds for reporting
• Cross-border SAR coordination
• Confidentiality and safe harbor provisions
• Case Study: Deutsche Bank SAR leaks

Module 5: AML Risk Assessment Techniques

• Enterprise-wide AML risk assessment
• Sectoral and geographical risk profiling
• Use of risk matrices
• Frequency and documentation standards
• AML scoring models
• Case Study: Danske Bank’s Baltic branch scandal

Module 6: Politically Exposed Persons (PEPs)

• Identifying PEPs and high-risk individuals
• Source of funds/source of wealth verification
• Screening software and databases
• PEP transaction review
• Monitoring ongoing PEP relationships
• Case Study: FIFA corruption case and PEP oversight failures

Module 7: Sanctions & Embargoes Compliance

• Understanding OFAC, UN, and EU sanctions
• Screening clients against sanction lists
• Sectoral sanctions and their implications
• Sanctions evasion techniques
• Documentation for compliance
• Case Study: BNP Paribas $8.9 billion sanctions violation

Module 8: Cybercrime and Money Laundering

• Methods of digital money laundering
• Role of cybersecurity in AML
• Dark web and anonymous payment systems
• Forensic digital investigation techniques
• Cryptocurrency crime convergence
• Case Study: Silk Road Bitcoin laundering case

Module 9: Cryptocurrency and Blockchain Compliance

• Basics of crypto compliance
• Travel Rule and VASP obligations
• Blockchain forensic tools
• Identifying tumblers/mixers
• Dealing with DeFi laundering
• Case Study: Bitfinex hack and laundering methods

Module 10: AML in FinTech and RegTech

• AML regulatory impact on FinTech firms
• Role of RegTech in compliance automation
• Smart AML tools and APIs
• Regulatory sandbox usage
• AML stress-testing for startups
• Case Study: Revolut’s compliance transformation

Module 11: Trade-Based Money Laundering (TBML)

• Overview of TBML mechanisms
• Over- and under-invoicing schemes
• Misrepresentation of goods/services
• Financial document fraud
• Customs and tax authority cooperation
• Case Study: Black Market Peso Exchange in Latin America

Module 12: Internal Controls and Governance

• Creating a culture of compliance
• AML policy development
• Board and senior management accountability
• Role of compliance committees
• Periodic control testing
• Case Study: Wells Fargo internal AML audit

Module 13: Whistleblower Protections and Ethics

• Legal rights of whistleblowers
• Internal vs. external reporting
• Whistleblower hotline setup
• Preventing retaliation
• Incentive-based reporting frameworks
• Case Study: HSBC whistleblower’s internal challenges

Module 14: Investigations and Enforcement

• Internal investigation protocols
• Gathering and preserving evidence
• Working with law enforcement
• Interviewing techniques
• Litigation preparedness
• Case Study: Standard Chartered Bank DOJ investigation

Module 15: Building a Career in AML Compliance

• Certification pathways (e.g., CAMS)
• Career roles and skills in AML
• Resume building for AML professionals
• Ongoing education and updates
• Networking and professional associations
• Case Study: Career journey of a FinCEN AML investigator

Training Methodology

• Instructor-led live sessions (virtual/in-person)
• Interactive case studies and role-play
• Hands-on software demonstrations
• Group exercises and compliance simulations
• End-of-module quizzes and assessments
• Final capstone compliance project

Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.