Anti-Money Laundering (AML) in Insurance Industry

Mastering Anti-Money Laundering (AML) in Insurance

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?

• Fundamentals of Money Laundering – Understand the stages of money laundering and its impact on the insurance industry and global economy
• AML in Insurance – Identify how money laundering schemes operate within insurance and ways to combat them.
• Legal and Regulatory Framework – Gain insight into global AML regulations, including FATF guidelines and international compliance standards.
• AML Policies and Procedures – Learn to implement effective AML policies, procedures, and compliance programs for insurers.
• Customer Screening & Transaction Filtering – Master tools and techniques for identifying high-risk individuals, screening customers, and filtering suspicious tr
• Risk Assessment – Understand how to assess and manage risks associated with customers and insurance products
• Advanced AML Systems – Explore the latest technologies and systems for enhancing AML efforts.
• Organizational Structure – Learn about the roles and responsibilities of different departments in maintaining AML compliance within an insurance company.
• Future Trends in AML – Stay ahead of emerging AML trends and best practices to ensure ongoing compliance.

Requirements

• Basic knowledge of the insurance industry – Familiarity with insurance products, operations, or terminology.
• Understanding of financial crime concepts – A basic awareness of money laundering or financial fraud practices.
• Interest in compliance and regulations – A desire to learn about legal frameworks and compliance standards in the insurance sector.

Target audience

• Insurance Professionals – Agents, underwriters, and managers seeking to enhance their knowledge of AML compliance in insurance.
• Compliance Officers – Those responsible for ensuring their organization adheres to AML regulations.
• Risk Managers – Professionals involved in identifying, monitoring, and mitigating risks related to money laundering.
• Financial Crime Investigators – Individuals focused on detecting and preventing financial crimes within the insurance sector.
• Students and Graduates – Individuals interested in building a career in insurance, compliance, or financial crime prevention.