BACKGROUND

Money laundering and the financing of terrorism are financial crimes that divert resources away from economically and socially productive uses, thus negatively impacting the global and local financial sector. Regulators have responded to money laundering and financing of terrorism by adopting relevant laws, guidelines, directives and recommendations at both local and international levels. These require financial sector players to develop and effectively implement programmes that mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets.

COURSE OBJECTIVES

To impart knowledge to participants on the major facets of Anti-Money Laundering (AML) and Counter- Terrorism Financing (CTF) and how they can identify, report and prevent money laundering and financing of terrorism and thus protect themselves and their institutions against the associated risks.

COURSE CONTENT

1. Overview of Money Laundering and Terrorist Financing;
2. International context of AML and CTF;
3. International and Local Anti-Money Laundering Legislation;
4. Risk-Based Approaches;
5. Compliance Strategies;
6. Recognising and Reporting Suspicious Transactions;
7. Money Laundering Detection Techniques;

viii.Roles and Responsibilities of Accountable Institutions; ix. AMLTopologies;
x. Customer Due Diligence;

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