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Duration: 30 min.
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Language: English and Danish
COMBATING MONEY LAUNDERING AND TERRORIST FINANCING
Grape, in collaboration with Plesner, has developed an online course on combating money laundering and terrorist financing. The modules are built around specific learning objectives to ensure that your target audience is equipped to identify and report suspicious activities and comply with applicable legislation.
Prevent financial crime
Protect your organization against financial crime with the online course: Anti-Money Laundering and Combating the Financing of Terrorism (AML and CFT). This course is developed in collaboration with Plesner, experts in the field. The course provides your target audience with the necessary skills to manage risks and comply with applicable legislation.
- Professional content by PLESNER, one of Denmark’s leading specialists in AML & CFT
- Designed and produced by Grape, specialists in e-learning
- Customized to your organization, audience and brand
Offer your target audience an online course with high professional content without having to develop and maintain e-learning yourself. We have put together an online course with 4 modules that can be delivered as a single program or in smaller portions. E-learning gives your audience the skills to identify and report suspicious activities, understand the importance of Customer Due Diligence, prevent compliance risks andensure compliance with money laundering and terrorist financing legislation. Through interactive exercises and real-life scenarios, your audience will gain the knowledge and skills needed to prevent financial crime.
We customise the program, adjust the branding and change the examples to fix your organisation perfectly. We can deliver the online course to your current LMS or as a complete solution including LMS and reporting.
CONTENT
MODULE 1 - OUR RESPONSIBILITY
It reviews the obligations that both individuals (employees) and organizations have to prevent and combat money laundering and terrorist financing.
The specific actions that employees and organizations must take are described, including complying with legislation, performing customer due diligence, reporting suspicious activities and ensuring that all internal processes and controls are in place to prevent financial crime.
MODULE 2 - DEFINITIONS OF AML AND CFT
The module introduces the concepts of anti-money laundering (AML) and combating the financing of terrorism (CFT). The target audience will gain insight into the differences between money laundering and terrorist financing. The module also reviews the key concepts, processes and purposes behind both forms of financial crime and how they affect the daily work of financial institutions.
MODULE 3 - CUSTOMER DUE DILIGENCE
The module focuses on the requirements for CustomerDue Diligence (CDD) in financial institutions.
The target group will gain insight into how companies collect and verify customer data to ensure knowledge of the customer’s identity, ownership structure and the purpose of the customer relationship.
They will also learn about the different phases of CDD, including onboarding, ongoing monitoring and risk assessment, and the importance of complying with both national and international regulations to prevent money laundering and terrorist financing.
MODULE 4 - SUSPICIOUS ACTIVITY REPORTING
The module focuses on how employees should handle and report unusual and suspicious activities related to money laundering and terrorist financing.
The target group learns to distinguish between unusual activities that deviate from normal customer behavior and suspicious activities that may indicate financial crime.
In addition, the importance of reporting these activities to the relevant authorities and the rules on disclosure of confidential information are reviewed.
Teacher
The Anti-Money Laundering (AML) & Countering Financing of Terrorism (CFT) program is developed in collaboration with the law firm, Plesner, one of Denmark’s leading anti-money laundering specialists.
CALCULATE PRICE
DKK
Do you have any questions?
Who is the course targeted at?
The course ensures that employees in the financial services industry, including bank employees, insurance advisors and investment company employees, have the necessary skills to comply with AML & CFT legislation. It also targets compliance and risk management specialists who work to ensure their organization’s processes are compliant with anti-money laundering and terrorist financing regulations. Finally, the course is relevant for managers and decision makers who are responsible for implementing effective AML & CFT strategies in their organization.
What is AML & CFT?
AML (Anti-Money Laundering) is about preventing and detecting money laundering, where criminals attempt to hide illegal funds by making them appear legitimate.
CFT (Countering Financing of Terrorism) focuses on preventing the financing of terrorist activities by identifying and disrupting cash flows that may support terrorist organizations.
When is it important to be aware of AML & CFT?
- When entering into all new business relationships, especially with customers from high-risk countries or politically exposed persons (PEPs).
- When unusual transaction patterns occur with existing customers that may indicate money laundering or terrorist financing, such as large cash deposits or international transfers without a clear business explanation.
Who is AML & CFT important for?
Banks, insurance companies and other financial players must ensure they follow AML & CFT legislation to avoid penalties and protect their reputation. Everyone working with customers and financial transactions has a responsibility to identify suspicious activities and ensure compliance.