| Date | Venue | Duration | |
|---|---|---|---|
| 14 - 18 September 2026 | Sandton | 5 Days | |
| 07 - 11 December 2026 | Sandton | 5 Days |
This Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector course provides a comprehensive exploration of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) within the banking sector, addressing the evolving complexities of financial crime prevention. Participants will gain a deep understanding of global regulations, practical risk management strategies, and technological advancements in AML and CFT compliance.
With real-world case studies, risk assessment techniques, and scenario-based exercises, this program equips professionals with the knowledge and skills to navigate the regulatory landscape effectively. The course also incorporates recent developments such as digital financial services, cybersecurity threats, and global geopolitical risks impacting money laundering and terrorist financing.
By the end of this Prospen Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector course, participants will have a robust toolkit to identify, report, and mitigate suspicious activities while fostering a strong compliance culture within their institution that upholds ethical and regulatory standards.
By the end of this Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector course, participants will be able to:
Understand global AML and CFT regulatory frameworks and obligations
Identify red flags and suspicious activities related to money laundering and terrorist financing
Apply risk assessment techniques to evaluate AML and CFT risks within financial institutions
Implement effective customer due diligence (CDD) and know-your-customer (KYC) practices
Develop reporting skills for suspicious activities to comply with regulatory expectations
Employ technology, AI, and blockchain analysis in AML/CFT monitoring
Strengthen compliance culture within the organization to mitigate financial crime risks
This Anti-Money Laundering and Combating the Financing of Terrorism in the Banking Sector course is ideal for professionals across the banking sector who seek to deepen their understanding of AML and CFT protocols, including:
Compliance officers responsible for implementing AML/CFT standards
Financial crime analysts tasked with detecting and reporting suspicious activities
Risk management professionals managing and accessing financial crime risks
Customer service staff who require AML/CFT training for client interactions
Legal advisors providing guidance on compliance with AML/CFT regulations
Technology officers involved in developing AML/CFT digital solutions
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Module 1: Understanding Money Laundering and Terrorist Financing
Defining Money Laundering and Terrorist Financing: An Overview
Stages of Money Laundering: Placement, Layering, and Integration
Key Characteristics of Terrorist Financing Activities
Global AML/CFT Landscape: FATF, Basel III, and other Frameworks
Case Study: Analysis of a major banking scandal involving money laundering
Module 2: Global AML and CFT Regulations
Overview of Global Regulatory Bodies: FATF, UN, IMF, World Bank
Key AML and CFT Laws in Major Jurisdictions
Compliance with U.S. and EU AML/CFT Regulations
Impact of Non-Compliance and Regulatory Sanctions
Case Study: A recent regulatory enforcement action against a global bank
Module 3: Risk-Based Approach to AML and CFT
Principles of the Risk-Based Approach (RBA) to Compliance
Risk Assessment Methodologies in Financial Institutions
Identifying High-Risk Customers, Transactions, and Geographies
Developing and Applying Risk Mitigation Strategies
Case Study: AML risk assessment failure leading to penalties
Module 4: Customer Due Diligence (CDD) and Know Your Customer (KYC)
Importance of CDD and KYC in Combating Financial Crime
Enhanced Due Diligence (EDD) for High-Risk Clients
Ongoing Monitoring and Review of Customer Accounts
Challenges and Solutions in Implementing KYC Policies
Current Issue: How digital banking and fintech are challenging traditional KYC models
Module 5: Identifying and Reporting Suspicious Activities
Red Flags for Money Laundering and Terrorist Financing
Transaction Monitoring Systems and Best Practices
Steps for Filing Suspicious Activity Reports (SARs)
Communicating with Regulatory Bodies and Law Enforcement
Case Study: How financial institutions missed major terrorist financing transactions
Module 6: AML and CFT Technology and Tools
Overview of AML/CFT Software Solutions and AI Technology
Data Analytics in Transaction Monitoring
Use of Blockchain and Cryptocurrencies in AML/CFT
Advantages and Limitations of Technology in Compliance
Current Issue: The rise of privacy coins and their implications for AML compliance
Module 7: Internal Controls and Governance for AML/CFT
Components of an Effective AML/CFT Governance Framework
Role of the Board and Senior Management in AML/CFT
Developing and Updating AML/CFT Policies and Procedures
Training and Awareness Programs for Staff
Case Study: Governance failure leading to reputational damage
Module 8: Emerging Trends and Future Challenges in AML/CFT
Trends in Cybercrime and Financial Technology
Cryptocurrency Risks and Compliance Challenges
Adapting to Regulatory Changes in Real Time
Building Resilience for Emerging Threats
Current Issue: The impact of geopolitical instability on AML compliance
Module 9: Building a Culture of Compliance
Importance of Compliance Culture in Financial Institutions
Strategies for Enhancing Employee Engagement in AML/CFT
Reinforcing Ethical Standards and Transparency
Continuous Improvement in Compliance Programs
Case Study: How a bank transformed its compliance culture after major failures
Discover how our courses enhance professionals’ effectiveness in their workplaces.
Very happy with the training. It was excellently delivered and comprehensively covered all critical aspects of ESG and effectively contextualised them within the environments of our respective organisations.
The course was eye opening and exceeded my expectations.
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