FATF Recommendations on High Risk Customers and Activities

FATF Recommendations on High Risk Customers and Activities

Do you know that the biggest challenge for financial institutions is to identify and manage Money Laundering Risks, Terrorist Financing Risks, and related activities?

Do you know why companies and institutions are being penalized by regulators?

How do financial institutions manage the risk of money laundering and terrorist financing? What is Financial Action Task Force FATF?

FATF Recommendations help organizations in combating money laundering, terrorist financing, and proliferation financing (funding for weapons of mass destruction), BUT Do you know, what the Financial Action Task Force (FATF's) Recommendations 12, and 13 are all about? 

Millions of Dollars are spent by financial institutions in the world, on implementing controls and measures, to manage and mitigate Money Laundering ML and Terrorists Financing TF risks and threats.

About Course:

This course is designed to provide you with a practical insight into Anti Money Laundering AML and Countering Financing of Terrorism CFT, and an overview of FATF's Recommendations No. 12 and 13, which are related to PEPs, and Correspondent Banking.

FATF's recommendations 12 and 13, relate to additional measures for specific customers, and activities, and we shall cover:

• Politically exposed persons (PEPs)

• Correspondent banking relationship

In this course, you will also get an insight into how the Financial Institutions FIs are focusing on strong compliance culture, to avoid/ manage the Money Laundering ML / Terrorist Financing TF risks to avoid penalties and reputation losses.

You will learn the:

- Money Laundering and Terrorist Financing with Examples

- Anti Money Laundering AML Measures

- Overview of FATF's Risk-Based Approach RBA

- Customer Due Diligence Measures

- Enhanced Customer Due Diligence EDD

- Overview of FATF Recommendations 12 and 13

- Politically Exposed Persons PEPs and related ML/TF risk factors

- Correspondent Banking Relationship and related ML/TF risk factors

- Practical Examples

A QUIZ TO TEST YOUR KNOWLEDGE ABOUT FATF HIGH-RISK CUSTOMERS AND TRANSACTIONS / AML CFT IS ALSO PART OF THIS COURSE

This course will help you in your job roles particularly if your area is Compliance, Anti Money Laundering AML, Regulatory Compliance, Customer Relationship, and Risk Assessment and Management.

After attending this course you will be able to confidently talk and communicate with compliance, AML / CFT professionals, audit, and other related professionals.

Who is this course for:

• Compliance professionals and students

• Regulatory Compliance professionals

• Risk management professionals and students

• Internal audit professionals and students

• Internal controls professionals

• Finance professionals and students

• CAMS, AML/CFT students

• ACCA, CPA, CGA, CMA students

Overview of FATF Recommendations on AML/ CFT for High Risk Customers and Activities PEPs and Correspondent Relationships

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What you will learn

• Money Laundering Activities and Anti Money Laundering AML Measures
• Overview of Risk Based Approach RBA, as per Financial Action Task Force (FATF)
• Overview of FATF's Recommendations on High Risk Customers - Politically Exposed Persons (PEPs)

Rating: 4.29197

Level: Intermediate Level

Duration: 1 hour

Instructor: Governance Risk and Compliance GRC