Global Compliance, Regulatory Transformation and Risk Review (AML, KYC, CTF, Risk Review and Risk Classification)

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Course Overview
This course provides a comprehensive understanding of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) frameworks within the global financial system. Learners gain practical knowledge of international regulations, KYC and due diligence, customer risk assessment, sanctions and PEP screening, adverse media analysis, and beneficial ownership structures. The programme prepares participants to effectively identify, assess, and mitigate financial crime risks across diverse entity types and global jurisdictions, aligning with international compliance standards and real-world regulatory expectations.

Course Outline

1. Basics of Banking.
2. Global scenario money laundering and financial crime.
3. Concepts of Anti Money Laundering and Counter – Terrorist Financing.
4. Global Regulation (Bank Secrecy Act, EGMONT Group, FINCEN, FATCA-CRS, Anti
bribery and corruption) and its frame work.
5. Concept of Due Diligence and KYC.
6. Client behaviour and red flags.
7. Sanctions: Countries, Targets, Entities/Individuals and Sanctions screening.
8. Politically Exposed persons (PEPs) and Screening.
9. Adverse media Hits and discounting – Financial Crime, Bribery, Corruption, Money
Laundering, Terrorism, etc.
10. Concept of Beneficial ownership (UBOs/IBOs) and different ownership structure.
11. Understanding of customer risk and review methodology.
12. Customer Risk classification (High Risk, Medium Risk and Low Risk)
13. Global Minimum Standards and Country Specific Standards (EMEA, APAC, MENA
and AMER)
14. Review types – Client Onboarding, Regular Review, Remediation, Event Driven
Review etc
All Entity types such as Private entities, stock market listed entities, Regulated
entities/Banks, Government entities, Trust, Foundations, Charities, Collective
investment schemes/Funds, SPVs, Correspondent Banking and Trade Finance,
Fintech, Money Service business, Gambling, Crypto etc

Topic 1- AML and KYC Introduction & Overview

Section A:
– What is Money Laundering
– Stages of Money Laundering
– Common Money Laundering Techniques (with examples)
1. Structuring
2. Cash – Intensive Business
3. Investment in Commodities
4. Trade Based money laundering, Art market and Cuckoo smurfing
5. Shell Companies
6. Real Estate and Trusts
7. Casinos and online gaming currencies
8. Transaction Laundering
9. Cyber- Laundering
10. Black Market Peso and Correspondent Banking
11. Cryptocurrency
12. Football clubs and International Gold trade
– Impact on Banks and Financial Institutions
– International Cooperation
– Basel Committee
– Financial Intelligence Unit
– The Financial Action Task Force
– Money Laundering Reporting Officer and their role
– Software for AML Screening

Section B:
– What is KYC
– Why is KYC important to Banks
– What are the benefits of KYC
– What is end to end KYC process: Client Life Cycle
– KYC procedures
1. Customer Identification Program
2. Customer Due Diligence (CDD)
3. Enhanced Due Diligence (EDD)
4. Ongoing Monitoring
– Types of Review
1. Client Onboarding
2. Regular Review
3. Remediation
4. Event Driven Review
5. New Product Extension
6. Offboarding
– Risk Classification
1. Country risk
2. Industry risk
3. Product risk
4. Entity risk
– KYC & AML/Bank Secrecy Act: Key points
– KYC: Way forward

Topic 2- Money Laundering, Terrorist Financing and Sanctions

Section C:
– Sanctions: Meaning, purpose and objective
– Types of Sanctions
– Who imposes Sanctions:
1. UN sanctions
2. EU sanctions
3. Office of Foreign Asset Control (OFAC) sanctions
– Sanctions regime/countries
– Sanctions screening
– Impact of Sanctions on Banks and Financial Institutions
– The cost of getting it wrong
– Case studies

Topic 3- Banking Fundamentals, KYC Overview and Sanctions

Section A:
– Banking: Meaning and Functions
– Types of Banks
– Introduction to Investment Banking
– Central Banks and their role
– Correspondent Banking
– Wolfsberg Group
Section B:
– What is KYC
– Why is KYC important to Banks
– What are the benefits of KYC
– What is end to end KYC process: Client Life Cycle
– KYC procedures
1. Customer Identification Program
2. Customer Due Diligence (CDD)
3. Enhanced Due Diligence (EDD)
4. Ongoing Monitoring
– Types of Review
1. Client Onboarding
2. Regular Review
3. Remediation
4. Event Driven Review

5. New Product Extension
6. Offboarding
– Risk Classification:
1. Country risk
2. Industry risk
3. Product risk
4. Entity risk
– KYC & AML/Bank Secrecy Act: Key points
– KYC: Way forward
Section C:
– Sanctions: Meaning, purpose and objective
– Types of Sanctions
– Who imposes Sanctions:
1. UN sanctions
2. EU sanctions
3. Office of Foreign Asset Control (OFAC) sanctions
– Sanctions regime/countries
– Sanctions screening
– Impact of Sanctions on Banks and Financial Institutions
– The cost of getting it wrong
– Case studies

Topic 4: Banking Fundamentals, KYC and Due Diligence

Section A:
– Banking: Meaning and Functions
– Types of Banks
– Introduction to Investment Banking
– Central Banks and their role
– Correspondent Banking
– Wolfsberg Principles

Section B:
– What is KYC
– Why is KYC important to Banks
– What are the benefits of KYC
– What is end to end KYC process: Client Life Cycle
– KYC procedures
1. Customer Identification Program
2. Customer Due Diligence (CDD)
3. Enhanced Due Diligence (EDD)
4. Ongoing Monitoring
– Types of Review
1. Client Onboarding
2. Regular Review
3. Remediation
4. Event Driven Review
5. New Product Extension
6. Offboarding

– Risk Classification:
1. Country risk
2. Industry risk
3. Product risk
4. Entity risk
– KYC & AML/Bank Secrecy Act: Key points
– KYC: Way forward

Section C:
– Capacity and Role
– Client name
– Nature of Client contact
– Verification of existence
– The Clients country of incorporation, registered address and principal place of
business
– Source of Funds
– Background checks: PEPs, Sanctions and Adverse news
– Ownership and Control Structure
– Source of Wealth
– Bearer shares
– Audited Financial statements
– Non-operating or shell companies