AML Awareness

AML/CFT General Awareness Training – India Asset Management

Fintelekt’s AML/CFT General Awareness Training & Certification Course (India Asset Management) is an industry-reviewed and regulator-reviewed module designed to help employees within authorized payment system operator companies to gain the required knowledge about Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) from an educational, regulatory and ethical perspective.

Course Objectives:

  • To understand regulatory obligations and international norms around AML/CFT
  • To learn about the latest trends within AML/CFT including new and emerging risks
  • To learn ways to improve monitoring and reporting
  • To understand the importance of preventive policies and controls

Copyright: Fintelekt Advisory Services Pvt Ltd

Updated: August 2022
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate

AML/CFT General Awareness Training Module – Payment System Operators

Fintelekt’s AML/CFT General Awareness Training & Certification Course (Payment System Operators) is an industry-reviewed and regulator-reviewed module designed to help employees within authorized payment system operator companies to gain the required knowledge about Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) from an educational, regulatory and ethical perspective.

Course Objectives:

  • To understand regulatory obligations and international norms around AML/CFT
  • To learn about the latest trends within AML/CFT including new and emerging risks
  • To learn ways to improve monitoring and reporting
  • To understand the importance of preventive policies and controls

Copyright: Fintelekt Advisory Services Pvt Ltd

Updated: July 2022
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate

Certificate Course: AML/CFT Compliance Training – Bank of Bhutan

THIS COURSE HAS BEEN CLOSED.

This certificate course (customised for BHUTAN) covers the fundamentals of Anti-Money Laundering/ Combating Financing of Terrorism (AML/CFT), explains AML/CFT compliance modalities and risk based approach and the instruments to detect and report Suspicious Transactions.

Expert Speak: Panel Discussion on Front Line Awareness

Course Duration: 49 minutes
Course Points: 45

This panel discussion took place at the conference AML/CFT Controls in the Insurance Sector, held virtually from September 28-29, 2021. This panel was moderated by Shirish Pathak, Managing Director, Fintelekt Advisory Services. The panelists included Debmalya Maitra, Senior Director BFSI, Chokshi Group, India, Lea Royale Kabanlit, Head of Compliance, FWD Life Insurance, Philippines and Anusha Fernando, Head of Legal, Risk & Compliance, Fairfirst Insurance Sri Lanka.

Expert Speak: Panel Discussion on Risk Based Approach to AML/CFT

Course Duration: 44 minutes
Course Points: 40

This panel discussion took place at the conference AML/CFT Controls in the Insurance Sector, held virtually from September 28-29, 2021. This panel was moderated by Shirish Pathak, Managing Director, Fintelekt Advisory Services. The panelists included Sitari Jayasundara, Chief Legal & Compliance Officer/Board Secretary, HNB Assurance, Sri Lanka, Deepak Kinger, Chief Risk & Compliance Officer, ICICI Prudential Life Insurance, Afgandi Rafiarto, Head of Compliance & AML/CTF, Wanaartha Life, Indonesia, Vikas Anand, CEO & Co-Founder, Emerging InsureTech, India and S Swaminathan, Chief Legal & Compliance Officer and Company Secretary, Tata AIA Life Insurance, India.

Conversations: Ross Delston, Attorney & Expert Witness

Course Duration: 30 minutes
Course Points: 
30

On Fridays with Fintelekt this week, host Shirish Pathak, Managing Director, Fintelekt is joined by Ross Delston, Expert witness, attorney & former US banking regulator (FDIC), who shares his varied experiences in policy responses to trade-based money laundering and trade-based terrorist financing, anti-corruption, corporate transparency and the risks from new technologies.

Our key picks from this interesting conversation full of anecdotes and experiences from Ross’s long career are: 

  • There hasn’t been much progress in combating TBML and that all elements in the trade supply chain should be covered by an AML programme, and made to file STR reports to achieve any tangible results. 
  • Ross compares the new AML law in the US, especially in the area of public access to beneficial ownership registries, with that across the European Union, India and other countries.
  • On NFTs and ICOs, he believes speculation may be a more important issue than money laundering fuelled by the huge rise in prices of various classes of assets over the years.
  • Conviction rates in money laundering are often low because understanding the flow of money, and especially explaining it to a jury, is difficult and it may be easier to prosecute the predicate crime rather than money laundering.

For more expert comments, please view the entire episode. 

Certificate Course: AML/CFT General Awareness

This certificate course (customised for BHUTAN) covers the fundamentals of Anti-Money Laundering/ Combating Financing of Terrorism (AML/CFT), explains AML/CFT compliance modalities and risk based approach and the instruments to detect and report Suspicious Transactions.

Topics Covered

  • Introduction
  • Regulatory Background
  • Sanctions Screening
  • Defining Money Laundering and Terrorist Financing
  • Anti-Bribery and Corruption
  • Elements of KYC Policy
  • Trade-Based Money Laundering
  • Identifying Potentially Suspicious Behaviour
  • Covid-19 threats and vulnerabilities
  • Case Studies

Updated: June 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 92 minutes
Points: 180

Certificate Course: Are Suspicious Transactions the Evil Product of Money Laundering and Terrorist Financing?

In this certificate course, the faculty member discusses effective ways of identifying and reporting suspicious transactions. He highlights some red flags or indicators that should be kept in mind while dealing with new or existing customers. He emphasizes on the importance of Customer Due Diligence (CDD) and application of relevant due diligence processes based on risk involved with each customer (simplified due diligence in case of low-risk customers and enhanced due diligence in case of high-risk customers). He covers best practices recommended by the Financial Action Task Force (FATF) to identify and report suspicious transactions.

Updated: June 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 36 minutes
Points: 35

Trainer: Dante T. Fuentes, CPA, CFE, CAMS, Adviser, Association of Bank Compliance Officers, Inc., Philippines
View Trainer Bio

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