Financial Action Task Force

Course summary

Compliance norms are vital in financial industry. One has to have thorough knowledge of the compliances in order to conform with them. This course deals with Anti-Money Laundering (AML), Know Your Customer (KYC), Combating Financial Terrorism (CFT) and compliance in financial industry.

Learning outcome

By the end of the course, learner will be able to:

  • Gain knowledge of methods and stages of money laundering, Anti-Money Laundering guidelines and acts to prevent money.
  • Become aware of guidelines, process and documentation of KYC, risk categorization and transaction monitoring.
  • Understand overview of terrorist financing and Combating Financial Terrorism and recommendations of Financial Action Task Force and compliance and non-compliance in financial industry.

Modules

The course will give an understanding of financial transactions, methods and stages of money laundering, AML guidelines and acts to prevent money laundering.

The course will provide insights on the purpose, guidelines, KYC process and documentation, risk categorization and transaction monitoring.

The course will give an overview of terrorist financing and Combating Financial Terrorism and the recommendations of Financial Action Task Force.

The course will provide a basic understanding of compliance principles, whistleblowing, non-compliance and penalties of RBI.