Anti-Money Laundering and Combating Financing of Terrorism

About the course

This course provides an in-depth understanding of anti-money laundering (AML) and counter-financing of terrorism (CFT). After completing the course, you will be able to define key concepts like money laundering, AML, and CFT, understand the various stages and impacts of money laundering, and recognize global institutions and frameworks in place to combat it. You will also learn about suspicious transactions, the importance of KYC policies, and risk-based approaches, including techniques used for money laundering through trade and strategies to mitigate these risks in organizations.

What you'll learn

Explain the stages involved in the process of money laundering.
State stats related to money laundering.
Recognize the various impacts of money laundering.
Understand the meaning of terms AML and CFT.
Describe some global institutions in AML/CFT landscape.
Interpret FIU-IND and its functions.
Recognize DOE and the laws enforced by DOE.
Understand the legal framework for AML/CFT in India.
State the meaning of suspicious transaction.
Implement ways to detect suspicious transactions.
Recognize the importance of Know your customer policy.
Discuss Risk-based approach to combat ML and TF.
Describe the approach “ The three lines of defence” .
Define the term “Trade based money laundering” and understand why money laundering is approached through trade based routes.
Describe some commonly used techniques of money laundering through trade.
Discuss the ways by which firms can combat TBML.
List the risks associated with TBML.
Outline the AML/CFT Strategies in organizations.