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Anti-Money Laundering (Version 4.0)

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Product Code: TC/07

Any customer to a financial institution has to be aware of the AML policy of the bank. Hence, this is potentially a key area for questions in interviews and discussions. 
Anti-Money Laundering is an important banking procedure that enables banks to be alert for money laundering methodologies and to be able to track and monitor potential laundering accounts and relationships. Know Your Customer (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures. 
This course will introduce you to entities and processes related to Anti-Money Laundering processes and various factors which are critical to them. You will be able to demonstrate a competency in the use of language and terminology appropriate to Anti-Money Laundering.
 

$15.00
Any customer to a financial institution has to be aware of the AML policy of the bank. Hence, this is potentially a key area for questions in interviews and discussions. 
Anti-Money Laundering is an important banking procedure that enables banks to be alert for money laundering methodologies and to be able to track and monitor potential laundering accounts and relationships. Know Your Customer (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures. 
This course will introduce you to entities and processes related to Anti-Money Laundering processes and various factors which are critical to them. You will be able to demonstrate a competency in the use of language and terminology appropriate to Anti-Money Laundering.
1. For a person seeking a career in the Banking and Finance domain, knowledge of KYC is an important element. For a person already working in the industry, it is an essential knowledge to have for your day-to-day functioning.
2. Language/ Medium of instruction – English
3. Subscription Validity – Three Months from enrolment on TrainingCentral Portal
 

Chapter

Title

Description

0

Course Objective

On completing this course, you will be able to,

*      Demonstrate a command of the knowledge and entities related to Anti-Money Laundering processes and various factors which are critical to them

*      Demonstrate competency in the use of language and terminology appropriate to Anti-Money Laundering.

1

Introduction to Anti-Money Laundering

On completing this chapter, you will be able to understand:

*      Steps of Money Laundering

*      Examples of Money Laundering

*      Signs of Money Laundering

*      Red Flags on Money Laundering

*      Red Flags on Terrorist Financing

2

International perspective to Money Laundering

On completing this chapter, you will be able to understand:

*      USA Patriot Act

*      India’s Prevention of Money Laundering Act

*      Financial Intelligence Unit

*      Financial Action Task Force (FATF)

*      RBI Circular

*      Negative Terrorist Lists

3

Effects of Money Laundering on Business

The topics covered in this chapter are

*      Investment Business

*      New Business

*      Insurance Business

 

4

Key Policies and processes for Banks

The topics covered in this chapter are

*      Customer Acceptance Policy

*      Customer Identification Procedures

*      Reporting of Certain Transactions to FIU-IND

*      Maintenance of Records of transactions

*      Monitoring of Transactions

*      Risk Management

 

5

AML Impact – Extension in other areas

The topics covered in this chapter are

*      UID implications on KYC process.

*      KYC requirement for NFBC, Insurance, MFs and Demat/Internet trading co etc.

*      AML Challenges

*      AML Software for Suspicious transaction alerts

 

6

Case Studies

 

 

• Gradate seeking employment in the Banking & Finance industry or 
• Person working in the Banking & Finance industry and seeking a deeper understanding on KYC Norms.
 
  • Once you have purchased this eCourse, you will receive an Order Confirmation on your registered email id from shop@onlinevarsity.com.  
  • You will receive an activation email from "TrainingCentral Solutions" with details on how to activate your course within 72 hours.

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