"If Corruption is a disease, transparency is an essential part of it's treatment"
Kofi Annan
Former UN Secretary General &
Nobel Peace Prize laureate
Anti-Money Laundering and
Counter Financing of Terrorism
Compliance training is not only a legal requirement, but it's also a vital safeguard against illicit activity that could bring your business and livelihood to its knees.
For Accountants and Finance Professionals
Registered Filing agents are required by law to attend compulsory AML/CFT training on a regular basis to validate their registration.
Front-line staff, however, also need to be trained and updated as a compulsory due diligence measure on the part of the business. This is a burdensome yet required challenge accounting firms face on a yearly basis.
This is where we come in to solve this challenge for YOU.
AML/CFT Course Outline
The course will cover the following topics:
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What is money laundering
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What is financing of terrorism
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Money laundering methodologies
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Legislation and Enforcement
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Responsibilities and Accountability (IPPC)
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Assessing Risk
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Suspicious transaction reporting (STR)
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Risk based approach
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Customer due diligence
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Enhanced due diligence
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Agents and beneficial owners
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Monitoring
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Record Keeping
Course Objectives
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Learn to define money laundering and terrorism financing and recognise techniques used by money launderers
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Understand regulations and legislation aimed at combatting money laundering and financing of terrorism
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Become familiar with internal policies, procedures and controls as well as individual responsibilities.
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Understand the risks and consequences of ineffective anti-money laundering controls.
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Learn to conduct adequate and compliant customer due diligence processes, screenings and risk assessments on customers
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Recognising suspicious transactions and what to do when discovered.
Methodology and Course Format
Our "AML/CFT Compliance for Accounting Professionals and Filing Agents" aims to accommodate all types of learning styles (visual, auditory, text, and activities) and preferences as well as being interactive and constantly reinforcing learning points throughout the course until the final assessment.
The course is run entirely online on an intentionally designed "mobile first" micro-learning platform. What does this mean?
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Affordable and fast - Being online does not incur the extra expenses of hiring a trainer for the day. It also doesn't require staff to take time away from their work to attend. With so much value and bonuses, it's one of the most affordable AML/CFT programs with so much to offer.
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The modules are short (between 5-8 min) - This means the student can leave and pick up the course again with ease without disrupting their work day or obligations.
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Increased engagement - Carefully curated content and diverse information distribution modalities ensures maximum engagement and retention of participants compared to seminar/webinar/lecture type teaching.
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Designed for mobile phones - gone are the days of sitting in front of a computer screen for hours on end. Students can access and complete modules on the go with an easy to use interface on the award winning GNOWBE platform. (Click here for demo)
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Group platform - Blended learning allows the students to interact with other students through the platform, sharing answers, experience and research so as to learn from each other
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No work down time - Students will not need to take time out from work and can complete the 3 hour course at their own pace within a set deadline.
What's in it for YOU?
When you use our system, you will get:
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A comprehensive training in accordance with ACRA and MAS guidelines
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An analytical report of all modules covered, as well as analytics of engagement, progress and assessment score.
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Uniform training across the board for all members and new hires.
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Regular course updates of new regulations and legislation as they are published.
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Customised IPPT (if requested)
STAFF will become informed and competent to:
- RECOGNISE FRAUDULENT TRANSACTIONS
- CONDUCT THOROUGH ONBOARDING AND MONITORING OF CLIENTS
- ACT IN COMPLIANCE WITH THE GOVERNMENT GUIDELINES AND BUSINESS IPPT
- SAFEGUARD YOUR BUSINESS FROM CRIMINALS
- UNDERSTAND, RECOGNISE AND ACT ON ANY SUSPICIOUS BEHAVIOUR
Why choose us?
Our AML/CFT Training System is:
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Easy to use
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Affordable
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Consistent
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Engaging
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Compliant with monetary guidelines
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Fast and Simple
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Meticulously recorded for auditing and due diligence.
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All of our online courses are hosted on the multi-award winning GNOWBE platform
