AML/CFT: Everything you need to know about combatting money laundering and terror financing

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AML/CFT: Everything you need to know about combatting money laundering and terror financing

Money laundering … Financing of terrorism … Proliferation financing … What do these terms mean and how do these financial crimes work? Which actions are being taken globally, and in our own country to address and eliminate these crimes? And which actions must we take in our organisations and in our own lives to ensure that we, firstly, avoid being tainted by these crimes and, secondly, play a role in the combatting of it? 

This COURSE BUNDLE contains the following THREE on-demand online courses – which means that you can complete your learning anytime, anywhere:

COURSE 1: Combatting money laundering, financing of terrorism and proliferation financing

At the end of this course you will:

·       Understand what money laundering is, and how it takes place.

·       Understand what financing of terrorism is, and how it is done.

·       Know who the Financial Action Task Force is, and what they do.

·       Identify the South African legislation applicable to money laundering and the financing of terrorism, the purpose of each Act and how these Acts work together to combat money laundering and the financing of terrorism.

·       Understand the FICA compliance framework, specifically the classification and responsibilities of accountable institutions and reporting institutions.

·       Know and understand your duty to report in terms of each Act, as well as the consequences should you not comply with the relevant reporting responsibilities.

·       Acknowledge the importance of client due diligence (CDD) against the backdrop of combatting money laundering and the financing of terrorism, and be able to implement CDD best practice.

COURSE 2: The fight against money laundering and terror financing during a pandemic

At the end of this course you will:

·       Understand the new money laundering and terror financing threats and vulnerabilities stemming from the pandemic.

·       Understand the impact of the pandemic on anti-money laundering and combatting of financing of terrorism (AML/CFT) efforts by governments and private sectors. 

·       Be able to implement best practice guidelines for AML/CFT compliance and risk management during the time of a pandemic.

COURSE 3: Virtual assets: Money laundering and terror financing red flags

At the end of this course you will:

·       Understand what virtual assets are.

·       Explore how virtual assets can be misused by criminals for the purposes of money laundering and terror financing.

·       Be able to spot money laundering and terror financing red flags related to virtual assets.

·       Be able to prepare your business for the future – a future where virtual assets will most probably play an increasing role.

Each course includes:

·       Online course content

·       A short online quiz

·       A guide

·       A certificate that can be generated online.

The price of this course INCLUDES all the above, and is not per course.

Learning, competence and compliance – all contained in one cost-effective and time-effective solution!

Need AML/CFT training? This CPD Campus course BUNDLE is your answer!