Summary

A Board of Directors has critical responsibilities in overseeing an organisation’s Anti-Money Laundering (AML) Framework. These responsibilities generally align with legal, regulatory and best practice expectations, particularly in regulated industries like financial services.

In this course, the AML compliance regulatory framework is examined, the role of key stakeholders is evaluated and strategies for ensuring a strong AML governance structure are reviewed. Several real-life case studies are evaluated and lessons for the C-Suite are extracted.

This course is one of several courses within the Professional Certificate in Risk Management. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand the regulatory framework governing AML compliance and your personal accountability

• Recognise the role of key AML stakeholders, including the MLRO, MLCO, Compliance, Internal Audit, and the Three Lines of Defence

• Develop strategies for ensuring a strong AML governance structure

• Analyse case studies of AML failures and identify lessons learned

• Understand the role and importance of conducting a Business Risk Assessment (BRA) in AML compliance

Course Structure

• Section 1: Understanding AML Regulations and Legal Framework

• Section 2: Key AML Stakeholders and the Three Lines of Defence

• Section 3: AML Risk Assessment and Controls

• Section 4: Case Studies of AML Failures

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.