Anti-Money Laundering (AML) in Banking and Fintech

Anti-Money Laundering (AML) in Banking and Fintech

Created by: Dien Pham
Chief Data Officer, Enterprise Architect, IT Experts

Created by: Educonnhub
Offering premium courses crafted by top experts

What Will I Learn?

• Overview of Money Laundering: Understand the stages of money laundering—Placement, Layering, and Integration—and its global impact.
• AML Challenges in Banking and Fintech: Explore specific AML risks and how they differ between traditional banking and fintech industries.
• Legal and Regulatory Framework: Gain knowledge of global AML regulations, key regulatory bodies (FATF, Basel Committee), and compliance requirements.
• Industry Structure and Risks: Learn about the structure of banks and fintech companies and the risks associated with digital payment systems
• AML Policies and Procedures: Develop skills to implement AML programs in banks and fintech, while addressing challenges in a globalized and digital world.
• AML Compliance Teams: Understand how AML teams are structured and the roles of compliance officers.
• KYC (Know Your Customer): Learn about the importance of KYC, e-KYC onboarding, and how they prevent money laundering.
• Customer Screening Techniques, Transaction Monitoring
• Product Risk Assessment: Learn best practices for assessing risks in banking and fintech products like wire transfers, digital wallets, and cryptocurrencies.
• Customer Risk Profiles: Evaluate customer risk based on geography, business type, and transaction behavior, and apply a risk-based approach.
• Identifying and Reporting Suspicious Activities: Learn how to identify red flags and the process of reporting suspicious activities to regulatory authorities.
• Advanced AML Systems, AML System Implementation, Future Trends in AML
• AML Training and Cybersecurity: Learn the importance of continuous AML training and the role of cybersecurity in combating money laundering.

Requirements

• Basic Understanding of Financial Systems: Familiarity with banking, financial services, or fintech operations is helpful but not mandatory.
• Interest in Compliance and Regulatory Practices: A genuine interest in understanding anti-money laundering (AML) practices and regulatory frameworks.
• No Prior AML Knowledge Needed: The course is designed for both beginners and professionals; no prior experience in AML is required.

Target audience

• Banking Professionals: Individuals working in traditional banking roles who want to enhance their understanding of AML regulations and compliance.
• Fintech Employees: Professionals in fintech companies looking to grasp the complexities of AML within the digital financial landscape.
• Compliance Officers: Those responsible for ensuring their organizations comply with AML regulations and want to stay up-to-date with the latest practices.
• Risk and Fraud Analysts: Individuals working in risk assessment, fraud detection, and financial crime prevention.
• Regulatory and Legal Experts: Professionals involved in the legal and regulatory aspects of financial services who want to deepen their AML knowledge.
• Entrepreneurs and Business Owners: Founders or executives of fintech companies who need to understand AML to ensure compliance in their operations.