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Risk Based Approach to AML & CTF

Euromoney Learning
Course summary
Professional Training
3 days
3,565 GBP excl. VAT
London, Online courses
Course Dates
Online courses
Please inquire for more information

Course description

Risk Based Approach to AML & CTF

The Risk Based Approach to AML & CTF programme will elevate your knowledge of definitive risk management strategies through simulation exercises, class lecture, and group work and teach you how to design and execute effective Anti-Money Laundering and Anti-Terrorist Financing Programs and Policies.

Suitability - Who should attend?

This course has been specifically designed for the benefit of:

  • Middle and Back Office Personnel
  • Front Office Sales Personnel
  • Compliance, Risk, Governance Officers
  • Regulators
  • Career Switchers into Compliance
  • Administrative Officers
  • Supervisors
  • System developers
  • Risk managers
  • Reporting specialists


The course assumes a general familiarity with financial markets, instruments and financial services.

Outcome / Qualification etc.

Attend this highly practical three-day training course and learn how to:

  • Design an effective Anti-Money Laundering Program to support your organizations Compliance and regulatory obligations
  • Establish and strengthen controls to combat terrorist financing through financial institutions
  • Understand best practices and guidelines designed to detect, investigate, report, escalate and resolve red flags, money laundering, and terrorist financing issues
  • Understand money laundering and terrorist financing processes
  • Identify both common and uncommon red flags and questionable behaviour
  • Be aware of the dangers of money laundering to clients, your organization and yourself
  • Be well prepared to help prevent criminals from using your firm to launder money and facilitate terrorist financing

Training Course Content

Day 1

Setting the Stage: Anti-Money Laundering and Combatting Terrorist Financing Basics

  • Current international cases, fines, and legal judgments
  • AML/CTF success stories
  • Corporate and economic implications of AML/CTF
  • Key terms, definitions, and institutional differences
  • Legal and regulatory background to AML/CTF

The Money Laundering Process

  • Placement, layering, and integration
  • Red flags: unique to each business line
  • Relationship to terrorist financing and blocked assets
  • Roles: who’s responsible for what?

Terrorist Financing Operations

  • Funds generation
  • Transactions
  • Legal and illegal means
  • Relationship to money laundering

Case Study and Simulation Exercise 1:Delegates will, through review of a case, be assigned roles (customers, business line, middle and back office, compliance and legal, regulators) to analyze transaction data for possible money laundering activity/terrorist financing, escalation, reporting, investigating, and resolution)

Where It All Starts: The AML and CFT Rubric: Establishment

The Anti-Money Laundering and CFT Program

Design of an AML/CTF Policy

Effective Elements of the AML/CTF Program Policy

Identifying the Effective Elements

  • Designation of an AML and CTF Compliance Officer (s)
  • Auditing for AML and CTF: internal and external
  • Ongoing training
  • Due diligence and customer identification
  • Scenario, control, and systems testing
  • Supervision
  • Reporting and information flow: suspicious activity reports
  • Surveillance, systems, and investigations
  • Staffing, credentials, experience, and characteristics
  • Escalation
  • Record keeping

Day 2

Combating Terrorist Financing

CTF Goal: to aggressively identify, escalate and deter terrorist organizations’ funding and transactions networks

FATF Recommendations

FATF Global Money Laundering and Terrorist Financing Threat Assessment (GTA)

Risk Assessment Methodologies

FATF: Inclusion vs Exclusion

CTF Resources

  • Intelligence analysis
  • Sanctions administration
  • Enforcement
  • Financial regulatory action
  • Policy expertise

Implementation and Application of the Rubric

Policies, Procedures, and Controls: Implementation

  • Designation of an AML Compliance Officer
  • Auditing for AML: internal and external
  • Ongoing training
  • Due diligence
  • Customer identification
  • Supervision
  • Reporting and information flow: suspicious activity reports
  • Surveillance, systems, and investigations
  • Staffing, credentials, experience, and characteristics
  • Escalation
  • Record keeping

Risk Based Approach

  • Geography and country risk
  • Business risk
  • Product risk
  • Reputational risk
  • Transaction risk
  • Client risk
  • Process risk

Suspicious Activity Reporting

  • Trigger areas
  • Information flows
  • Preventing terrorist financing through AML 

Case Study and Simulation Exercise 2:Response to Regulatory Review and Implementation of Follow Up Measures. Delegates will simulate A) regulator’concluding a review of a faulty AML Programme at a mid-sized financial institution and B) the financial institution’s response to the AML review and sanctions

Danger Zones: Failures

  • AML/CTF compliance policy
  • Faulty testing
  • Unsatisfactory training and non-compliance with training requirements
  • Insufficient resources: systems, technology, and staff
  • Lack of follow up: connect the dots

Organizational Settings

  • Laws, rules and regulations
  • International organizations
  • Information sharing
  • Industry organizations

Forensic Review of Surveillance and Investigation

  • Dissecting an AML/CTF Investigation
  • A day in the life of an AML/CTF surveillance team
  • Identification of red flags
  • Business line specific AML/CTF issues
  • Technology and AML/CTF: technology-based schemes, and technology-based monitoring, surveillance, and detection

Day 3

Know Your Customer Best Practices

  • Policy statement
  • Rationale
  • Customer identification programme
  • Application of the customer identification programme
  • Covered customers
  • Data collection: individuals, institutions, official/governmental organizations
  • Verification: documentary vs non-documentary
  • Logical consistency
  • Additional measures
  • Lack of verification
  • Data from external financial institutions
  • Service providers
  • High risk accounts

Special Topics

  • Shell banks
  • Politically exposed persons
  • Correspondent banks and foreign banking relationships
  • Enhanced due diligence
  • Identity theft
  • Charitable organizations
  • Volume

Monitoring Customer Relationships

  • Consistency
  • Pattern analysis
  • Systems
  • Aggregation
  • College knowledge vs flagrant indifference
  • Risk rating
  • Monitoring credit relationships

AML/CTF IN Practice: Implications for Business Lines

  • Internet gambling
  • Insurance fraud
  • Tax evasion
  • Wire transfers
  • Check collection
  • Funds transfer and money transmittal
  • Card dystems
  • Currency and monetary systems

Class Exercise and Simulation 3:Development of an AML Program Policy

Round Robin: AML/CTF and Sanctions Regulation Development

Course summary and close

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About provider

Euromoney Learning

We develop bespoke learning experiences with the perfect blend of technologies and techniques to help you succeed. An organisation’s ability to continuously learn and evolve rapidly is the ultimate competitive advantage. To achieve your strategic goals, it is essential to...

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Contact info

Euromoney Learning

8 Bouverie Street,
EC4Y 8AX, London

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