Anti-money Laundering (AML) Course

Introduction

Money laundering poses a significant threat to the global financial system, enabling corruption, terrorism financing, organized crime, and tax evasion. With increasingly sophisticated laundering techniques and rapid technological advancements, the need for trained professionals to detect, prevent, and report suspicious activity has never been more urgent.

This course equips participants with the knowledge and tools required to understand the AML regulatory environment, assess risk, design controls, and support institutional compliance programs. It explores both traditional laundering typologies and the latest threats, including cryptocurrency abuse, trade-based money laundering, and fintech vulnerabilities.

Through interactive learning, global case studies, and practical exercises, participants will gain real-world insights into AML strategies, regulatory obligations, and emerging compliance frameworks aligned with the Financial Action Task Force (FATF) recommendations.

Target Participants:

• Compliance officers
• Risk managers
• Auditors and internal control personnel
• Financial institutions’ staff (banks, insurance, SACCOs)
• Law enforcement and regulators
• Legal and audit professionals
• Accountants and finance managers
• Fintech and digital payment operators

Duration

5 Days

Course Objectives:

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

1. Understand the legal and regulatory AML frameworks.
2. Identify and report suspicious transactions and behaviors.
3. Assess institutional AML risk exposure and implement mitigation strategies.
4. Develop internal AML compliance programs and policies.
5. Stay updated on emerging AML threats such as virtual assets and cybercrime.
6. Support investigations and audits related to money laundering.

Course Outline:

Day 1: Foundations of Anti-Money Laundering

• Definition, stages, and methods of money laundering
• The financing of terrorism and its connection to money laundering
• Historical evolution and global impact of money laundering
• Overview of AML regulatory frameworks (FATF, Basel, EU Directives, US Patriot Act)
• Key actors: Financial institutions, regulators, law enforcement

Day 2: AML Legal Frameworks and Regulatory Obligations

• FATF 40 Recommendations and risk-based approach
• National AML laws and institutional obligations
• Know Your Customer (KYC) and Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD) for high-risk clients and PEPs
• Record keeping and reporting requirements (SAR/STR, CTR)

Day 3: AML Compliance Programs and Risk Assessment

• Designing an effective AML compliance program
• AML risk-based approach and customer risk rating
• Roles of the Compliance Officer and internal controls
• Training and awareness programs for employees
• Conducting independent AML audits and reviews

Day 4: Detection, Investigation, and Enforcement

• Red flags and typologies of suspicious transactions
• Transaction monitoring systems and automation
• Responding to AML investigations and regulatory inquiries
• Case studies: Real-life enforcement actions and lessons learned
• Inter-agency cooperation: FIUs, regulators, international bodies

Day 5: Emerging AML Challenges and Technologies

• Cryptocurrency, DeFi, NFTs and AML concerns
• AML compliance in digital banking and mobile money platforms
• Trade-Based Money Laundering (TBML) and shell company abuse
• Artificial Intelligence and Machine Learning in AML detection
• ESG and AML: Environmental crimes and corruption risks
• Future of AML regulation and global enforcement trends

Training Methodology:

• Instructor-led presentations
• Group discussions and case analysis
• Role-playing scenarios (e.g., SAR reporting)
• Simulation exercises using mock transactions
• AML compliance policy drafting workshop
• Interactive Q&A with subject matter experts

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.