CAMS ( Certified Anti Money Laundering Specialist)

Get the best exam preparation training from
MNR Talent and Skill Development Institute, Dubai

What you can become?

  • ♦ Anti-Money Laundering Officers
  • ♦ Compliance Officers
  • ♦ Government Regulators
  • ♦ Law Enforcement/Intelligence Agents
  • ♦ Internal & External Auditors
  • ♦ Intelligence Officers
  • ♦ Risk Management Specialists
  • ♦ Attorneys and Certified Public Accountants
  • ♦ Investment Advisors
  • ♦ Real Estate Compliance Specialists
  • ♦ Consultants

From:

  • ♦ Banks
  • ♦ Credit Unions
  • ♦ International Regulatory Bodies
  • ♦ Law Enforcement Agencies
  • ♦ Securities Firms
  • ♦ Money Services Businesses
  • ♦ Insurance Companies
  • ♦ Consulting Groups
  • ♦ Audit Firms
  • ♦ Accounting and Law Firms
  • ♦ Gaming Organizations
  • ♦ Credit, Debit & Pre-Paid Card Companies
  • ♦ Real Estate Agencies
  • ♦ Jewelry and Precious Metals Dealer

Risks and Methods of Money Laundering and Terrorist Financing

What is Money Laundering?

  • ♦ Three Stages in the Money Laundering Cycle.
  • ♦ The Economic and Social Consequences of Money Laundering.
  • ♦ AML/CFT Compliance Programs and Individual Accountability.
  • ♦ Credit Unions and Building Societies.
  • ♦ Non-Bank Financial Institutions
  • ♦ Non-Financial Businesses and Professions.
  • ♦ Risk Associated with New Payment Products and Services.
  • ♦ Corporate Vehicles Used to Facilitate Illicit Finance.
  • ♦ Terrorist Financing
  • ♦ Use of Hawala and Other Informal Value Transfer Systems.
  • ♦ Emerging Risks for Terrorist Financing

International AML/CFT Standards

What you can become?

  • ♦ Financial Action Task Force (FATF).
  • ♦ FATF Objectives.
  • ♦ FATF 40 Recommendations.
  • ♦ FATF Members and Observers.
  • ♦ Non-Cooperative Countries.
  • ♦ The Basel Committee on Banking Supervision.

Course Content

ANTI-MONEY LAUNDERING

AML/CFT and KYC Fundamentals, obligations (Regulatory requirementsGlobal, National and Regional).

International Frameworks, best practices by FATF, BASEL, EGMONT EU Directives, etc.

RISK-BASED APPROACH

Risk Indicators, Internal Controls

CUSTOMER DUE DILIGENCE

SDD, EDD, Ongoing Monitoring

BENEFICIAL OWERS, PEPs

Identify, Verify, SoW-SoF & Monitor

SANCTIONS, SCREENING

Red Flags, OFAC, UNSC, EU-UKHM Black List/Watch List, False Positives

SUSPICIOUS TRANSACTION REPORTS (STR, SAR, CTR)

Filing, Reviewing, Data Mining

RECORD KEEPING PROCEDURES

Regular, Ad-hoc reporting

TRAINING

Awareness, refresher, updates

Who are the instructors?

  • ♦ CAMS-certified & Experienced Professionals
  • ♦ Recognized leaders in the industry