0 (0 Ratings)

AML/CFT Essentials for Board of Directors

by The AML Training Group
Course duration: 1h
Categories Online Course

What I will learn?

  • 1. Understand the fundamental principles of AML/CFT.
  • 2. Recognize the importance of a robust AML/CFT framework.
  • 3. Identify the key risks and red flags associated with money laundering and terrorist financing.
  • 4. Learn the regulatory and legal obligations of the Board concerning AML/CFT.
  • 5. Understand the importance of a compliance culture and how to promote it effectively.
  • 6. Develop actionable strategies to support compliance efforts and mitigate risks.

Course content

Session 1: Introduction to AML/CFT and the Role of the Board

Introduction to AML/CFT
Topics Covered:  Definitions and importance of AML/CFT.  Overview of global standards (FATF, Basel Committee).  Case studies: Consequences of non-compliance.

Role of the Board of Directors
Topics covered:  Governance and oversight responsibilities.  Risk appetite and tolerance: Setting the tone from the top.  Integrating AML/CFT into corporate strategy. o Interactive Component: Discussion on recent high-profile cases involving Board accountability.

Students ratings and reviews

No Review Yet
No Review Yet
Free
Free access this course

Course material

  • Guidelines and templates for exercises discussed during the course.
Skip to content