AML Compliance – Law firms (Aruba)
- 130 Minutes
- All Levels
- 21 Lessons
- 1 Quiz
This AML online course is designed for Lawyers in Aruba. The course is self-paced and will give you the opportunity to raise awareness by explaining what AML is, the risks involved in the Legal sector as well as the red flags indicators involved in the Legal 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 Law Firm online course you will learn about the following:
- What is money laundering and terrorist financing
- The money laundering cycle
- Law Firms in the money laundering cycle
- How money laundering impacts our society and economy
- Techniques used to launder funds through Law Firms
- Mitigating risk in the Legal sector
- Red Flags associated with Law Firms
- Can a risk based approach be applied with the Legal sector
- Politically Exposed Persons
- What is Source of Wealth and Source of Funds
- Reporting suspicious behavior
- Recap and test
Who is the Law Firm AML course suitable for?
- Anyone with an interest in Anti-Money Laundering/Know Your Customer
- New entrant at a professional level to the Legal sector
- Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process within the Legal sector
Benefits of taking this Law Firm AML/KYC Course?
Taking a 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 lawyers are required to be trained on AML on an ongoing basis.
This Law Firm AML course can be taken at your own pace in any of the following formats:
- Desktop
- Laptop
- Tablet
- Smartphone devices
This Law Firm online AML course includes:
- 110 minutes video lessons
- End of course quiz (15 questions – 20mins)
- Digital Certificate of Completion
Legal Sector AML Course
- Who are Legal Professionals and why AML Checks Apply
- 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
- Client Funds Management by Legal Professionals
- Key AML organizational bodies
- Caribbean Financial Action Task Force (CFATF)
- Due Diligence and KYC Requirements
- High Risk Clints and EDD Measures
- Performing Money Laundering and Terrorist Financing Risk Assessment
- What are Red Flags
- Reporting suspicious behavior
- How to implement an effective AML Program
- Record Keeping Requirements
- Environmental, Social and Governance (ESG)
- Proliferation Financing
As well as the above courses, we can also work with you to tailor make your training which will cater to your business needs.
- Understanding Source of Wealth and Source of Funds
- Introduction to Customer Risk Rating
- What are Virtual Currencies
- Introduction to Screening
- Understanding Red Flags
AML Video Tutorials
As well as providing online courses, we also provide a wide range on AML tutorial videos. Each video focuses on a chosen subject and explains the processes in a clear and engaging way. Some of the videos we provide are:
- The difference between Tax avoidance and Tax evasion?
- What are Red Flags?
- What is Customer Due Diligence?
- What is a PEP?
- What is Transaction Monitoring?
We have numerous AML Tutorial videos readily available, but we can also work with you to customize videos to meet your own AML business needs.
