Anti-money Laundering Audit

What You Will Learn

• 1 Learn the fundamentals of money laundering and its three stages (placement, layering, integration).
• 2 Understand the global anti-money laundering regulatory framework (FATF, Wolfsberg, local regulations).
• 3 Apply risk-based approach to AML compliance programs.
• 4 Analyze customer due diligence (CDD) and enhanced due diligence (EDD) requirements.
• 5 Implement effective transaction monitoring and suspicious activity reporting (SAR) systems.
• 6 Evaluate internal controls and independent testing for AML compliance.
• 7 Develop audit programs for AML compliance across business lines.
• 8 Assess AML technology solutions including KYC utilities, screening systems, and transaction monitoring tools.
• 9 Interpret AML audit findings and communicate recommendations to senior management and board.
• 10 Explore emerging AML challenges including virtual currencies, trade-based money laundering, and financial inclusion.