Certificate Courses

Certificate Course: Sanctions Module 3

In Module 1 of the Certificate Course on Sanctions, Surinderjit provided an introduction into the world of sanctions by explaining the concept and giving a brief history of sanctions and listed the various sanctions imposing authorities.

In Module 2, she explained the various types of sanctions and their applicability.

In Module 3, she covers the importance of compliance with sanctions.

Nowadays, companies have to navigate a complicated global sanctions landscape. It is imperative that organizations engaged in international business be aware of and stay current with sanctions developments. Surinderjit explains the repercussions of failing to comply with regulations and financial sanctions.

She discusses the key trends in global sanctions, and lists down the elements required for effective KYC and CDD measures with respect to sanctions. She also covers the most effective ways to conduct sanctions screening.

She ends the module with a case study on ELF Cosmetics.

Also available:

Certificate Course: Sanctions Module 1

Certificate Course: Sanctions Module 2

Certificate Course: The Intersection of Corruption, Anti-Money Laundering and National Security

In this Certificate Course, Russell Wilson, Non-Executive Director, Transparency International Australia and former General Counsel, AUSTRAC illustrates how the security focus on the laundering of proceeds of corruption has increased in the last few years. He covers the persistent problems associated with Anti-Money Laundering measures: Politically Exposed Persons (PEPs) and Beneficial Ownership.

He then describes how the focus on national security is being driven by the developments in the United States of America, and compares it with the current scenario in Australia.

Updated: August 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 17 minutes
Points: 15

Trainer: Russell Wilson, Non-Executive Director, Transparency International Australia
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Certificate Course: AML Risks in Correspondent Banking Module 2

In Module 1 of the Certificate Course on Correspondent Banking (CB), Atul discusses the inherent risks faced by banks involved in correspondent banking and the key trends and regulatory developments in this area.

In Module 2, he shares principles and methods to monitor and manage the risks associated with the business of Correspondent Banking.

He emphasizes on the importance of conducting Enhanced Due Diligence (EDD) of partners, given the high-risk classification of Correspondent Banking. He also talks about how the Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) can be used to manage the risks associated with Correspondent Banking.

Updated: August 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 51 minutes
Points: 50

Trainer: Atul Naval, Faculty Member, Fintelekt Advisory Services
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Also available:
Certificate Course: AML Risks in Correspondent Banking Module 1

Certificate Course: Sanctions Module 2

Module 2 of this Certificate Course aims to provide an understanding of the types of prevailing sanctions and the nuances between them. It talks about the policies and measures of international communities or states such United Nations, United States, Australia, United Kingdom, Canada etc.

For each issuer, the course covers the specific objectives, various sanctions regimes, the types of sanctions and their applicability. For the United Kingdom, sanctions regulations post Brexit are also discussed.

The course includes a Case Study of North Korea to highlight the effectiveness of Sanctions.

Updated: July 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 41 minutes
Points: 40

Trainer: Surinderjit Kaur, Faculty, Fintelekt Advisory Services
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Certificate Course: Sanctions Module 1

In Module 1 of this certificate course, Suriderjit provides an introduction into the world of sanctions by explaining the concept and giving a brief history of sanctions.

She discusses the various sanctions imposing authorities, the motivations for imposing them, as well as the most frequently applied sanctions measures.

Sanctions can have broad ranging socio-economic impact on a country, and Surinderjit explains this with the help of a case study on Sudan.

Updated: July 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 32 minutes
Points: 30

Trainer: Surinderjit Kaur, Faculty, Fintelekt Advisory Services
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Certificate Course: Targeted Financial Sanctions

In this certificate course, Surendra defines the concept of Targeted Financial Sanctions (TFS), and compares it to Comprehensive Sanctions. TFS can be broadly classified into four categories. Surendra explains the difference between these categories, and covers the various sanctioning authorities that exist today.

The course also covers a brief description of UN Targeted Financial Sanctions, which follow FATF Recommendations against Terrorism Financing and Proliferation Financing, and implementation process of these sanctions.

Surendra states the obligations financial institutions have to identify designated persons, freeze their assets and prevent these people from using the financial system for their benefit. 

He concludes his presentation with evolving trends in economic sanctions across the globe.

Updated: July 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 32 minutes
Points: 30

Trainer: Surendra Thapa, President & Founder, Global Intelligence Analysis Corporation, New York
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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
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Certificate Course: AML Risks in Correspondent Banking Module 1

In Module 1, the faculty covers different inherent risks faced by banks involved in correspondent banking. There has been a lot of development in this area in the last few years. Atul talks about the key trends and regulatory developments in correspondent banking and attempts to bring us up to date with most of the developments in the area.

Updated: June 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 50 minutes
Points: 50

Trainer: Atul Naval, Faculty Member, Fintelekt Advisory Services
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Also available:

Certificate Course: AML Risks in Correspondent Banking Module 2

Certificate Course: AML/CFT Awareness for the Philippines Real Estate Brokers and Developers

In this certificate course, the faculty member discusses the Philippines Real Estate Industry and their fight against Money Laundering & Terrorist Financing. He covers the Money Laundering / Terrorist Financing (ML/TF) risks in the real estate industry and their obligations under the Anti-Money Laundering Act of 2001 (AMLA) to put in place a Money Laundering/Terrorism Financing Prevention Program (MTPP) and identify and report suspicious transactions to the Anti-Money Laundering Council (AMLC). He talks about the current regulatory framework on Anti-Money Laundering in the Philippines and some of the common red flag indicators in the industry.

Updated: May 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 64 minutes
Points: 60

Trainer: Dante T. Fuentes, CPA, CFE, CAMS, Adviser, Association of Bank Compliance Officers, Inc., Philippines
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Certificate Course: Trade-Based Money Laundering Module 3

In Module 3, the faculty covers measures to be taken by Financial Institutions to prevent TBML, which includes adoption of Risk Based Approach. She talks about some common economic sectors vulnerable to risk and TBML risks and trends. She also covers various components of Risk Assessment and Control of TBML by use of best practices.

Updated: May 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 31 minutes
Points: 30

Trainer: Surinderjit Kaur, Faculty, Fintelekt Advisory Services
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Also available:

Certificate Course: Trade-Based Money Laundering Module 1

Certificate Course: Trade-Based Money Laundering Module 2

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