Anti-Money Laundering (AML) and Financial Crime Prevention Course

Introduction

The fight against money laundering and financial crime has become increasingly complex with the evolution of digital financial systems, cryptocurrencies, and global criminal networks. Financial institutions, Fintech’s, and regulatory bodies must now adapt quickly to identify and prevent illicit activities.

This course provides an in-depth exploration of the global AML framework, financial crime typologies, and compliance strategies. It equips participants with the tools needed to detect suspicious activities, implement effective compliance programs, and respond to new challenges such as cyber-enabled crime, trade-based money laundering, and digital asset risks.

Through practical exercises, case studies, and emerging issue discussions, the course empowers professionals to build resilience in their institutions against financial crimes while aligning with global standards such as the FATF Recommendations, Basel Principles, and local regulatory requirements.

Target Participants:

• Compliance and Risk Officers
• AML Analysts and Investigators
• Financial Institution Employees
• Regulatory and Law Enforcement Officials
• Auditors and Internal Control Personnel
• Legal and Financial Advisors
• Fintech and Digital Payment Operators

Duration

5 Days

Course Objectives:

By the end of this training, participants will be able to:

1. Understand global AML and financial crime frameworks.
2. Detect and investigate financial crime activities and typologies.
3. Implement risk-based AML compliance programs.
4. Fulfill regulatory reporting obligations (SARs/STRs).
5. Address new risks in digital finance and virtual assets.
6. Support cross-border cooperation and enforcement.

Course Outline:

Day 1: AML & Financial Crime Fundamentals

• Introduction to money laundering and financial crime
• Stages and typologies of money laundering
• Terrorism financing and proliferation risks
• Overview of global frameworks: FATF, Basel, EU Directives, USA PATRIOT Act
• Impact of financial crime on institutions and society

Day 2: Legal and Regulatory Environment

• Key AML and financial crime laws and standards
• FATF’s 40 Recommendations and Risk-Based Approach (RBA)
• National compliance obligations and penalties
• KYC (Know Your Customer) & CDD (Customer Due Diligence)
• Enhanced Due Diligence (EDD) for high-risk clients and PEPs

Day 3: AML Compliance & Risk Management

• Building an AML compliance program
• Role of the Compliance Officer
• Internal controls, audits, and employee training
• Identifying red flags and suspicious behavior
• AML risk assessments and customer profiling

Day 4: Investigation, Reporting, and Enforcement

• Transaction monitoring and surveillance systems
• Suspicious Activity Reports (SARs) and escalation procedures
• Investigative techniques and data analysis
• FIUs and inter-agency cooperation
• Case studies: Financial crime scandals and enforcement outcomes

Day 5: Emerging Trends and Advanced Risks

• Cryptocurrency and virtual asset laundering risks
• Trade-Based Money Laundering (TBML) and invoice manipulation
• Cyber-enabled financial crime and digital banking risks
• Use of AI and machine learning in AML detection
• ESG and environmental crime connections to financial crime
• Regulatory technology (RegTech) and future AML innovations

Training Methodology:

• Instructor-led sessions and presentations
• Interactive group discussions
• Practical case studies and real-life scenarios
• Role-playing on SAR reporting and risk assessment
• Tools demonstrations (e.g., transaction monitoring dashboards)
• Peer-to-peer experience sharing

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: training@upskilldevelopment.com Tel: +254 721 331 808

Training Venue

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: training@upskilldevelopment.com, +254 721 331 808

Terms of Payment

Unless otherwise agreed between the two parties’ payment of the course fee should be done 3 working days before commencement of the training so as to enable us to prepare better.