Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. However, money laundering has become more sophisticated with the rise of innovative technologies. Parallelly, anti – money laundering regulatory landscape continues to revolve and expand.
This course provides a comprehensive and practical analysis of Money Laundering schemes, Anti-Money Laundering legislations, and counter-measure techniques and implementation, in order to set up and maintain a comprehensive and efficient AML Program to protect your organization from being a target of money laundering and to avoid being fined due to violations of AML regulations.
Key course highlights:
  • Money laundering risks associated with new technologies
  • Anti – money laundering trends and regulations update
  • Anti – money laundering program satisfying U.S. and International AML Control Standards
  • Concepts and logics to build an AML control standards
  • Response to changes of new money laundering schemes and regulations evolving
Target Audience
This course is suitable for senior managers with responsibility for, or involvement in, the development or implementation of Anti-Money Laundering policies and procedures. It will also highly benefit financial officers, financial controllers, accountants, Money Laundering reporting officers, compliance officers, managers, auditors and staff with duties requiring Anti-Money Laundering compliance.
Course Methodology
This course is fully interactive and participation is encouraged to achieve maximum benefit. Participants are invited to present their own cases and scenarios, where questions can be answered and doubts can be resolved. There will also be team activities, real comprehensive case studies and practical examples for discussion.



I.The Legal and Regulatory Framework of AML & CFT
1. Money Laundering Risks Associated with New Technologies
  • Online or Internet Banking
  • Prepaid Cards and E-Cash
2. Compliance Standards for AML & CFT
  • Financial Action Task Force
  • The Basel Committee on Banking Supervision
  • European Union Directives on Money Laundering
  • Regional and Other International Initiatives
3. Key U.S. AML & CFT Laws and Regulations
  • Bank Secrecy Act
  • USA Patriot Act of 2001
  • Office of Foreign Assets Control
II. U.S. AML & CFT Requirements for a Correspondent Banking Relationship
  • Key U.S. legislative and regulatory initiatives applied to transaction internationally: USA Patriot Act, OFAC
  • Specific requirements for establishing and maintaining corresponding banking relationship with foreign banks under U.S. Laws & Regulations
III. Risks of Non – Compliance
  • Case studies
I. AML Compliance Culture and Senior Management’s Role
  • Leadership Engagement and Board of Directors’ Role in AML Compliance
II. Anti-Money Laundering Compliance Program
  • Risk – based approach of constructing an AML Program
  • The Elements of an AML Program
  • Customer Due Diligence
  • Red Flags or Indicators of Money Laundering
  • Electronic Anti-Money Laundering Solutions
III. A Standard AML Program for a Bank to qualify U.S. AML requirements
  • How to build a risk assessment
  • AML Policies and procedures for banking industry
  • Training Program for employees
  • Internal Control ( Human resources & Technology support)
  • Independent Review
IV. An AML Program to Satisfy Multiple Legislative Standards
  • Key obstacles to establishing a global AML Program satisfying requirements of each country’s regulations
  • Guidelines to establishing a global AML Program
I. Conducting or Supporting the Investigation Process
1. Responding to Law Enforcement Investigation
  • Law Enforcement Investigations
  • How to respond to Law Enforcement Investigation
2. Conducting an internal investigation
  • Internal Investigation
  • Necessary Steps in Conducting the Investigation
  • Exploiting the Internet for Money Laundering Investigation
3. Supporting the Investigation process
  • AML Cooperation Between Countries
  • Mutual Legal Assistance Treaties
  • Financial Intelligence Unit
  • The Supervisory Channel
  • FATF Recommendations on Cooperation Between Countries
II. Summary & Review on AML and CFT
  • Review & Discussion section
  • Case Study Analysis
  • Q&A section
Site visit and experience sharing from a US banks or money transmitter’s head office/agents.
1. Introduction of the Bank’s AML program
  • A successful AML Program: accountability and commitment on behalf of Management/Board of Directors
  • Challenges and obstacles in responding to changes and updates in laws and regulations
2. Case study
  • Real cases experienced by the Bank

1. Our Philosophy:
  • “We committed to provide the most comprehensive compliance training for every single client so that our clients will always do the right thing each and every single time.”
  • 2. Our Lecturers’ Qualification:
    • a. At least 5 years experiences dealing with the U.S. banks and the U.S. State and Federal regulators in compliance aspect
    • b. CAMS ( Certified Anti-Money Laundering Specialists) Certificate Holder
    • c. Updating knowledge about AML & CFT Laws and Regulations every year via professional compliance conference and the U.S. regulators conference
    • d. Partnership with
      • i. Laura Goldzung: Over 5 years in AML consulting services in US Certified Fraud Examiner & Certified AML Specialist
      • ii. Connie Fenchel: President of AML Expert Inc.: Over 35 years of government and private sector experiences relating to regulatory compliance, anti – money laundering.
      • iii. Edward Brady, CAMS, President and Lead Independent BSA / AML Compliance Consultant at A.E.B. Consulting Services, 5 years experience in AML training, plus 4 years working as Chief Compliance Officer for Money Service Business.
      • iv. Hanh Le, CAMS, Chief Compliance Officer at VCB Money, Inc. 6 years of experience in AML.

    Fee: US$ 4500.00 per participant

    (Including coffee breaks; No meals provided; Travel expenses for airfare, hotels and transportation costs if any are on participants’ own account)

    Discount for group registration:
    • 15% discount for group of 5 – 9 participants,
    • 20% discount for group of 10 – 14 participants
    • 25% discount for group from 15 participants

    Register on line at our website or via email to at least 15 days before the course starting date

    Register Now