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Financial institutions may be used by criminals to launder illicit proceeds or to raise or move funds in support of terrorism.
As such, financial institutions are expected to implement controls to prevent and deter Money Laundering and Financing of Terrorism. Failure to implement appropriate safeguards may result in serious consequences such as fines or penalties, or reputational damages to both the institution and the individuals.
This practical program will delve into the Anti-Money Laundering and Countering the Financing of Terrorism landscape and assist you in identifying, managing, and responding to Money Laundering and Financing of Terrorism risks.
What will you learn
What is this 'Micro-Learning Course' about?
In this course, you’ll learn about what Money Laundering and the Financing of Terrorism are and why they matter. Additionally, you’ll learn about the Customer Due Diligence measures apply by financial institutions. Finally, you’ll gain insight into the Ongoing Monitoring processes and list various factors useful for determining if a transaction is suspicious.
Who is this course designed for?
Working professionals who has a role to play in anti-money laundering compliance
Individuals with an interest to learn more about anti-money laundering and the countering of financing of terrorism
What will you take away?
Explain what Money Laundering and Financing of Terrorism are and why they matter to financial institutions
Describe the Customer Due Diligence measures which need to be applied by financial institutions on their customers
Determine the types of customers that may pose higher money laundering or financing of terrorism risks than others and hence should be subjected to enhanced Customer Due Diligence measures
Describe the Ongoing Monitoring processes which need to be applied to promptly identify changes in the risk profile of the customers and undertake appropriate mitigation measures
List the various factors useful for determining if a transaction is suspicious and the financial institution’s obligation to report suspicious transaction to authorities in Singapore
Before We Begin
Introduction to Anti-Money Laundering and Countering the Financing of Terrorism
Money Laundering: Case Studies
Customer Due Diligence
Customer Due Diligence: Case Studies
- Politically Exposed Persons and Other High-Risk Customers
- How Do We Identify High Risk Persons?
- Ongoing Monitoring
- Ongoing Monitoring: Case Studies
- Suspicious Transactions Reporting
- Suspicious Transactions Reporting: Case Studies
- The Finish Line
KPMG Business School brings together our breadth and depth of subject matter expertise with superior learning design and technology capabilities.
We deliver a wide range of off-the-shelf digital, classroom and blended programmes covering a range of topics such as accounting, financial services, technology and cyber security, people skills, and enterprise risk management. For an organisation, we approach learning through the lens of solving business problems by being a trusted advisor. For a professional, we enable personal transformation of the individual to unlock his or her true potential.