Summary

This course explores the anti-money laundering (AML) compliance failures at ING Bank, which led to significant regulatory fines and reputational damage. Participants will gain an understanding of the regulatory framework, the compliance breakdowns that occurred, and best practices for strengthening AML protocols to prevent similar incidents.

This course is one of several courses within the Certificate in AML Case Analysis. 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 details and impact of the ING AML failures and the compliance issues that contributed to them

• Identify red flags and risk indicators that may signal potential AML risks

• Recognise regulatory obligations and compliance requirements that financial institutions must meet under AML laws

• Apply lessons learned from the ING case to enhance AML controls and practices within their own institution

Course Structure

• Section 1: Overview of the ING AML Failures

• Section 2: Regulatory Requirements and Compliance Obligations Impacting on the Case

• Section 3: Key Red Flags and Risk Indicators in the ING Scandal

• Section 4: Lessons Learned from the ING Scandal

• Section 5: Case Studies

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.