Anti Money Money Laundering AML CFT for beginners

Owais Ahmed Qureshi

• AML Training Introduction 06:14

  • 1: AML Training Introduction Preview 06:14

• Know your Customer 05:55

  • 2: Know your Customer 05:55

• Customer Due Diligence 13:41

  • 3: Customer Due Diligence 13:41

• Risk Assessment 07:00

  • 4: Risk Assessment 07:00

• Other Requirements related to AML 09:48

  • 5: Other Requirements related to AML 09:48

Such operations may be complex but, in essence, they comprise three basic stages, as follows:

(i) Placement – the placing of “dirty” money into the financial system;

(ii) Layering - the process of moving “dirty” money within the financial system to conceal the source of the funds;

(iii) Integration - the withdrawal of “cleaned” money from the financial system for the purpose of general expenditure or purchase of business or financial assets or real estate in furtherance of criminal activity.

In this document keeping in view such rules and regulations we have defined and set the standards regarding roles, objectives and responsibilities for countering Money Laundering and Terror Financing. This document will clearly mention the role of staff to identify, assess and report suspicions.

This document will clearly define Know your Customer, Customer Due Diligence, Identifying suspicion, assess the suspicion on some parameters defined under AML Regulations. The role of compliance Officer does not end upon suspicion but start as compliance officer has to take actions upon the suspicion and report to the regulator in a pre-defined mechanism. Reporting of Currency Transaction beyond the threshold defined by AML regulations is also a role of compliance officer and retention of record for certain period defined.

The document is drafted upon the guidelines issued by EU under 6th Anti-Money Laundering Act Directives and Government of Republic of Poland in different acts related AML/CFT/CPF.

This course is designed for individuals who are new to the field of Anti-Money Laundering (AML) and financial crime compliance. It is ideal for beginners looking to build a strong foundation in AML regulations, sanctions screening, and financial crime prevention. Whether you are aspiring to enter the financial sector, compliance, or regulatory roles, this course will equip you with essential knowledge to start your journey in AML.

To take this course, you only need basic business knowledge. While prior experience in finance or compliance can be beneficial, it is not mandatory. The course is structured to help learners understand key AML concepts from the ground up.

This course serves as a stepping stone for those beginning their career in AML. It provides foundational knowledge to help individuals prepare for interviews and secure entry-level roles in financial institutions, fintech companies, or regulatory agencies dealing with AML and compliance.

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