Fraud Management and AML Online Course

In an era where financial crimes are becoming increasingly sophisticated, the need for skilled professionals in Fraud Management and Anti-Money Laundering (AML) is greater than ever. This comprehensive course equips learners with an in-depth understanding of fraud detection, prevention strategies, regulatory frameworks, and compliance obligations that are essential in the fight against money laundering and illicit financial activities.

From understanding the legal foundations of the Proceeds of Crime Act 2002 to mastering techniques in Customer Due Diligence and identifying Suspicious Transactions, this course delivers a well-rounded learning experience. Whether you're a compliance officer, banking professional, or someone aspiring to join the financial crime prevention sector, this training lays down the A–Z of global Fraud Management and AML best practices.

This program is meticulously aligned with global regulatory standards and tailored for real-world application. Students will develop actionable insights, critical thinking skills, and professional techniques that financial institutions rely on to safeguard against reputational and financial risks.

Learning Outcomes

1. Understand the foundations of fraud, money laundering, and financial crime.
2. Apply regulatory AML frameworks to real-world financial compliance scenarios.
3. Identify suspicious activity and report transactions with regulatory precision.
4. Conduct effective customer due diligence and enhanced due diligence procedures.
5. Implement risk-based approaches in fraud detection and AML operations.
6. Maintain accurate AML records aligned with global legal requirements.

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Course Link: Fraud Management and AML

Course Curriculum

Module 01: Introduction to Money Laundering

Explore the fundamentals of money laundering, its economic impact, and global scope.

Module 02: Proceeds of Crime Act 2002

Gain insight into the legislation underpinning AML compliance and prosecution.

Module 03: Development of Anti-Money Laundering Regulation

Understand the historical evolution of AML laws and global regulatory bodies.

Module 04: Responsibility of the Money Laundering Reporting Officer

Learn about the key duties, liabilities, and decision-making authority of MLROs.

Module 05: Risk-based Approach

Master the implementation of risk-based models in AML strategies and audits.

Module 06: Customer Due Diligence

Understand how to conduct effective onboarding, KYC, and Enhanced Due Diligence.

Module 07: Record Keeping

Learn the importance of data retention, audit trails, and legal record-keeping.

Module 08: Suspicious Conduct and Transactions

Identify red flags, suspicious behavior, and reporting techniques for SAR filings.

Module 09: Awareness and Training

Build a compliance culture with continuous training and organization-wide awareness.

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Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.