This AML online course is designed for employees in Cash Intensive Businesses. The course is self-paced and will give you the opportunity to raise awareness by explaining what is AML, the risks involved in the Cash Intensive sector as well as the red flags indicators involved in the Cash Intensive sector and the steps to take if you were to come across something suspicious.

All our Anti money laundering (AML) training and Know Your Customer (KYC) training courses are evidenced at the time of completion with a digital certificate.

 In this Cash Intensive Businesses online course, you will learn about the following:

• What is Money Laundering and Terrorist Financing
• The Impact of Money Laundering on our Society and Economy
• The Money Laundering Cycle
• Where Does Money Laundering Occur
• AML Obligations Imposed by Regulators
• What Does the Local Regulation Say
• Key AML organizational bodies
• Importance of CDD and KYC for Risk Management-
• CDD, EDD and Measures to Have in Place
• The Elements of an AML Compliance Program
• Red Flags in the Cash Intensive Sector
• Reporting Suspicious Behavior
• Recap and test

Who is the Cash Intensive Business AML course suitable for?

• Anyone with an interest in Anti Money Laundering/Know Your Customer
• New entrant at a professional level to the cash intensive sector (e.g. jewellers, car dealerships, casinos, retail shops, Business owners, partners)
• Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process within the cash intensive sector.

Benefits of taking this Cash Intensive Business AML/KYC Course?

Taking an AML certification course or Anti Money Laundering Certification Course can not only enhance your knowledge but give you the opportunity to stand out from the rest of your peers at your current role or at the time of applying for an AML/KYC position. Most importantly it will keep you in compliance with the current AML regulations with your jurisdiction where cash intensive employees are required to be trained on AML on an ongoing basis.

This Cash Intensive Business AML course can be taken at your own pace in any of the following formats:

• Desktop
• Laptop
• Tablet
• Smartphone devices

This Cash Intensive Businesses online AML course includes:

• 90 minutes video lessons
• End of course quiz (Multiple choice style 15 questions – 25mins)
• Digital Certificate of Completion.

Cash Intensive Businesses (CIB) Sector AML Course

• Introduction to course – CIB Sector
• Course Objectives and Content – Cash Intensive Businesses sector
• What is a CIB
• AML Obligations which CIBs should consider
• The impact of money laundering on our society and economy
• The money laundering cycle
• Where does money laundering occur?
• All obligations imposed by Regulators
• What does the local regulation say regarding money laundering
• What does the Central Bank of Aruba AML Handbook say about CIBs?
• Cash Intensive Businesses (e.g. Jewelers) sector as per the latest National Risk Assessment 
• Key Organizational Bodies
• Caribbean Financial Action Task Force (CFATF)
• Onboarding Customers
• CIBs Money Laundering and Terrorist Financing
• Customer Due Diligence (CDD) and Know Your Customer (KYC) requirements
• When to verify the identity of Persons and Entities
• Importance of CDD and KYC for Risk Management
• Compliance Program
• Customer Screening as a tool to mitigate the Risk
• Monitoring Transactions
• Red Flags in the CIB sector
• Investigations
• Course Recap – Cash Intensive Businesses Sector
• End of Course Test – CIB sector