Roles of Money Laundering Reporting Officer MLRO (AML CFT)

Prevention of Money Laundering (ML) and Terrorist Financing (TF) is a challenge for World Financial System and Financial Institutions including banks and DNFBPs.

Millions of dollars are spent by financial institutions, to maintain Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) Framework of the institution. This is due to the fact that various banks are penalized in the past due to poor customer due diligence CD and AML CFT monitoring, which caused criminals to use financial system of the banks to hide and transfer their illegal funds.

In prevention of Money laundering and terrorist financing activities, the Money Laundering Reporting Officer (MLRO) plays a significant role.

International organization such as Financial Action Task Force (FATF) and AML / CFT Regulations have issued recommendations and regulatory requirements, regarding AML / CFT Customer Due Diligence (CDD) and Monitoring, which MLRO with a team ensure to implement in an organization.   

WHY THIS COURSE?

This course is designed based on my practical working experience in Compliance of FIs, where I worked with teams of AML / CFT, Regulatory Compliance and Compliance Risk Management.

Every financial institution in the world is required to implement the AML / CFT Framework and enhanced monitoring procedures, to prevent criminals and related groups to use financial systems and channels.

Due to the importance of AML / CFT regime, the value of Compliance Professionals has increased many folds, specially Money Laundering Reporting Officer (MLRO). These professionals earn handsome amount of money by serving financial institutions such as Banks, Investment Banks, Leasing Companies, Brokerage Houses, Money Exchange Companies, Investment companies etc. to combat the money laundering risks and activities.

WHAT WILL YOU EARN IN THIS COURSE?

This course will provide you practical concepts related to Monitoring and Role of MLRO,  with reference to AML / CFT regulations and FATF recommendations.

You will learn key concepts related to AML / CFT Regime including:

- Money Laundering and Anti Money Laundering,

- Risks Based Approach RBA of Monitoring,

- Customer Due Diligence and Monitoring 

- High Risk Money Laundering and Low Risk Money Laundering Classification Factors,

- High Risk Customers Monitoring - PEPs, NGOs / NPOs / Charity Accounts / Trusts

- New Processes and Technologies and AML / CFT Process

- Essential of AML / CFT monitoring and MLRO roles

- CTRs, STRs,

- Record Keeping, 

- Practical examples etc.

QUIZ to test your knowledge of AML CFT monitoring and role of MLRO is also included in this course.

How Will You Benefit From This Course?

By attending this course you will:

- get insight about AML / CFT Monitoring and role of MLRO

- able to understand and apply the knowledge of AML / CFT monitoring, to prevent the use of financial system by criminals

- be able to talk confidently with Regulatory Compliance, MLROs and AML / CFT Analysts 

- be able to work with organizations providing compliance consultancy

- get a lifetime access and certificate of completion of this course

Who Should Attend This Course:

Compliance professionals, AML / CFT Professionals,

Money Laundering reporting Officers - MLROs

Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals,

Financial Intelligence Unit FIU professionals,

Branch Managers / Operations Managers,

Risk Managers,

Internal Auditors,

Compliance and AML CFT students, CAMS students,

Others who want to learn AML / CFT monitoring requirements