Description
Anti Money Laundering (AML) training is becoming an essential tool in the fight against money laundering. This anti-money laundering program is for professionals working in different domains such as transaction monitoring, customer identification, watchlist filtering, name check analysis, and KYC onboarding teams. CAME is one of the best AML Courses in India.
Money laundering is the processing of criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardizing their source. In today’s modern world, contemporaneous augment in the different reserve capital requirements, the AML and KYC compliance requirements generate a remarkable increase due to rising money laundering activities and financial crimes.
Compliance training is becoming important in the wake of growing sanctions. After the Russia-Ukraine war, the sanctions reached a new high. Violating this compliance will directly result in heavy penalties for financial institutions. Customer Identification norms require ascertaining the beneficial owners.
This Anti Money Laundering Program will take you through the various aspects of financial crimes and compliances.
Who should opt for AML training?
AML training is the only training that would cover it all. Not only in banking but these changes are evident in the financial system and can be seen in the following sectors which need to follow AML regulations:
- Capital Markets- Organisations like stock exchanges and to some extent brokers, and merchant bankers have to comply with the AML laws. It helps them to reduce their exposure to Money laundering, fraud, and financial crimes.
- Payment Services- Today is an era of Payment Gateway and Wallets to pay for goods or services. In this type of company, there is a big chance of fraud and money laundering taking place. In an emerging payment industry, there is a need to develop AML solutions faster for AML Compliance.
- Financial Services- In the case of financial services, these are the institutions assisting the core banks and financial institutions to prevent money laundering activities. These organizations provide consulting on AML KYC to large banks (Domestic as well as MNCs).
- IT Sector Companies- IT Sector Companies have emerged as the core service provider for AML Compliance through technology development.
But to understand these frameworks, tools, techniques, and policies, Companies in all the sectors above are in dire need of AML Compliance Professionals with the right knowledge and skillset.
CAME is an expert professional who is skilled at tracking the cash that originates in fraud or other crimes such as drug trafficking but has been subjected to complex financial maneuvers to obscure its origins. Conclusively he is an expert in AML, KYC, and CTF. Developing such professionals is the challenge that has been taken by institutions like Indiaforensic where an aspirant or a fresher gets trained on AML KYC and its start-to-end process.
Advanced AML Program for Compliance Professionals
The Certified Anti-Money Laundering Expert program is curated by Indiaforensic which is one of the leading certifications in India that consolidates various resources under one program.
In 2007, this course was launched by CA Mayur Joshi. It is the premier certification in India in the AML and Compliance domain. Additionally, the CAME course was a self-paced learning course. But as the education system changed and technology upgraded, classroom training became the need of an hour. Hence Indiaforensic has taken a step ahead to launch Online AML Training for the compliance domain.
The aspirants will develop the required skill set in KYC/AML Compliance. Moreover, Certified Anti Money Laundering Expert is a program that helps banking professionals, law enforcement professionals, and compliance officers acquire the right knowledge. Classroom training helps bankers to gain effective skillsets in Anti Money Laundering regulations. Hence, this is a Value-Based Educational Programme.
Modules covered in Online Live AML Training
This course has premier recognition. Because the syllabus of Certified Anti-Money Laundering is vast and dynamic. The Certified Anti-Money Laundering Expert training program also helps the aspirants to become AML Specialists. Following is the curriculum of the course:
- History of Anti Money Laundering and Terrorist Financing
- KYC (First step towards Anti Money Laundering)
- Transaction Monitoring
- Regulatory Reporting
- Response to LEA Investigations
- Red Flag Indicators
- How to conduct Enhanced Due Diligence (Risk based approach)
- Introduction to Shell Companies and how to identify Ultimate Beneficial Owners
In between the modules, the Mentor also discusses the different types of case studies. This helps the aspirants to get a practical approach and understanding of the topic. The course provides a flavor of international concepts. It touches on the 40 recommendations of the Financial Action Task Force (FATF), Bank Secrecy Act, and Patriot Act. Additionally, it also comments on financial crimes enforcement network and other anti money laundering regulations.
Who is a Certified Anti-Money Laundering Expert?
A Certified Anti-Money Laundering Expert is a person who specializes in the prevention, detection, and also investigation of money laundering red flags. It is also a person who has gained knowledge in the AML and compliance domain. Demand for CAME professionals is continuously growing.
By pursuing AML Training, banking professionals display their commitment to the development of their AML skills. Moreover, businesses are promoting their employees to take up CAME certification. Because it demonstrates the commitment of financial institutions that employ CAME professionals to combat financial crimes.
Learning Outcome from the AML Training
The Certified Anti-Money Laundering Expert is one of the premier certifications for AML professionals. Following are the learning outcomes from the certifications:
- 12+ Hours of Live Online Classroom Sessions for the CAME aspirants
- Exhaustive Curriculum providing in-depth knowledge on AML KYC.
- Discussion of Practical Scenarios through case studies.
- Assessment of Knowledge and skillsets through examination.
- Certification as the Anti-Money Laundering Expert
- Complimentary E-learning Certification on AML KYC viz. Risk-Based Approach to KYC Program
