Compliance Risk Management and AML Training

In module one, we will gain an in-depth understanding of what compliance is, taking a look at the benefits of compliance and the role and responsibilities of the compliance department.

In module two, we will explore policy and code of conduct in compliance, learning about the structure of the compliance organisation and key compliance processes. It includes training on how to implement an effective compliance audit process.

In module three, we’ll learn how to implement and monitor a Compliance Management System in the workplace, with step-by-step training. It discusses the key elements of CMS, the role of the compliance committee and compliance officer, and compliance programs.

In module four, we’ll gain a detailed insight into money laundering and understand how money is laundered through the three stages of money laundering. 

In module five, we’ll deepen our understanding of different types of risk related to the financial industry. We’ll understand the classification and nature of risk. 

In this module, we’ll gain an in-depth understanding of the Proceeds of Crime Act 2002. We’ll understand the notion of criminal property and the notion o suspicion.

In module seven, we’ll learn about the evolution of the Money Laundering Directive from the first to the fifth and terrorism legislation. 

Module eight discusses the roles and responsibilities of the Money Laundering Reporting Officer and how an MLRO can take part in ensuring organizational financial security. 

In module nine, we’ll learn about the risk-based approach, how to assess a risk profile and how to assess client risk. 

Module ten explains the notion of Customer Due Diligence. Here we’ll learn about Enhanced Due Diligence for higher-risk customers as well as account opening, customer identification and verification. 

In module eleven, we’ll learn about identifying suspicious activity and suspicious transaction and how to deter them. Also, we’ll deepen our understanding of unusual transactions and the events that might cause suspicion. 

In this final module, we will fully familiarise with the risk management process and framework, with training on how to identify, analyse, evaluate, monitor, review and treat risk.