The Anti-Money Laundering (AML) and Financial Crime training program offered by Oxford Training Centre (OTC) is an intensive, practice-focused course designed to equip professionals with the knowledge, tools, and strategies needed to detect, prevent, and report suspicious financial activities.
In an era where illicit money flows, terrorist financing, and complex fraud schemes present growing challenges to global economies, mastering AML and financial crime compliance is no longer optional—it is essential.
The course blends regulatory theory, compliance frameworks, and practical case studies to ensure participants gain a well-rounded understanding of anti-money laundering laws, suspicious transaction reporting procedures, Know Your Customer (KYC) protocols, counter-terrorist financing (CTF) measures, and sanctions screening requirements.
By exploring risk profiling, fraud prevention techniques, and enforcement trends, participants will learn to design and implement effective compliance programs tailored to both financial institutions and non-financial businesses. Whether you are a compliance officer, auditor, regulator, or part of a corporate legal team, this program provides the skills to mitigate risks and ensure adherence to domestic and international regulatory requirements.
Course Objectives
By the end of the program, participants will be able to:
- Understand the Global AML Framework – Comprehend the international and national regulatory bodies, conventions, and directives that govern AML and CTF activities.
- Apply Know Your Customer (KYC) and Customer Due Diligence (CDD) Measures – Implement practical onboarding and monitoring processes to verify client identities and assess risk.
- Recognize Suspicious Transaction Indicators – Identify red flags in financial activity and initiate appropriate reporting procedures.
- Develop Risk Profiling Systems – Create structured approaches to assess clients, transactions, and jurisdictions for potential money laundering or terrorism financing risks.
- Ensure Regulatory Compliance – Apply AML, CTF, and sanctions screening regulations in line with local and international requirements.
- Implement Fraud Prevention Strategies – Incorporate proactive measures into compliance programs to prevent illicit activities before they occur.
- Strengthen Organizational Accountability – Foster a compliance culture that prioritizes professional integrity, transparency, and adherence to legal obligations.
- Prepare for Regulatory Audits – Equip participants with tools to respond effectively to inspections, audits, and enforcement actions.
Target Audience
This training program is designed for:
- Compliance Officers and Managers
- Risk and Audit Professionals
- Regulators and Legal Practitioners
- Financial Institution Staff
- Corporate Legal Teams
- Professionals in Non-Financial Businesses with AML/CTF obligations
Course Content
Module 1: Introduction to Anti-Money Laundering and Financial Crime
- Definition and evolution of money laundering and terrorism financing
- Overview of financial crime typologies
- Key AML and CTF legislation globally (FATF, EU Directives, US Patriot Act, etc.)
- Understanding regulatory bodies and their roles (e.g., FINCEN, FCA, AUSTRAC)
Module 2: Know Your Customer (KYC) and Customer Due Diligence (CDD)
- Importance of client identification and verification
- Risk-based approach to CDD
- Enhanced Due Diligence (EDD) for high-risk customers
- Record-keeping and ongoing monitoring best practices
Module 3: Suspicious Transaction Reporting
- Identifying suspicious activity in banking and non-banking sectors
- Transaction monitoring systems and technology integration
- How to prepare and submit a Suspicious Activity Report (SAR)
- Avoiding “tipping off” and ensuring confidentiality
Module 4: Counter-Terrorist Financing (CTF) Strategies
- Understanding terrorist financing networks
- CTF legislation and obligations for institutions
- Detecting and disrupting funding channels for illicit activities
- Case studies on CTF enforcement actions
Module 5: Sanctions Screening and Compliance
- Role of international sanctions in AML efforts
- Screening customers and transactions against sanctions lists (OFAC, UN, EU, etc.)
- Managing false positives and maintaining screening efficiency
- Penalties and consequences of sanctions breaches
Module 6: Risk Profiling and Fraud Prevention
- Building a comprehensive risk assessment framework
- Sectoral and jurisdictional risk considerations
- Fraud prevention methodologies in financial services
- Leveraging analytics and AI in fraud detection
Module 7: Regulatory Compliance and Audits
- Designing an effective AML compliance program
- Integrating policies, procedures, and training into daily operations
- Preparing for regulator inspections and independent audits
- Corrective action plans and remediation steps
Module 8: Practical Case Studies and Scenario Analysis
- Analysis of high-profile money laundering and financial crime cases
- Lessons learned from enforcement actions
- Group exercises on identifying and mitigating risks in simulated situations
- Interactive role-playing for SAR filing and client onboarding