Understanding AML/CFT Red Flags
- 100 Minutes
- All Levels
- 18 Lessons
- 1 Quiz
This Red Flag AML online course is self-paced and will give you the opportunity to raise awareness
by explaining what red flags are, the red flags indicators and the steps to take if you were to come
across something suspicious. The course is designed for professionals who work in a regulated
sector or anywhere large amounts of money, property or goods are bought, leased, sold or
exchanged.
In this course you will learn about the following:
- Describe the difference between Money Laundering and Terrorist Financing
- Define what are Red Flags from a money Laundering and Terrorist Financing perspective
- Demonstrate a good level of understanding of the different types of Red Flags to be aware of
prior or during the lifespan of the relationship - Explain the steps to take if faced with a suspicious transaction or activity by a customer
Who is the course suitable for?
- Anyone with an interest in Anti Money Laundering/Know Your Customer
- New entrants in AML Compliance/Client onboarding roles
- Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process
Benefits of taking this AML/KYC course:
Enhance your knowledge, stand out from the rest of your peers but most importantly it will keep
you in compliance with the current AML regulations with your jurisdiction where professionals are
required to be trained on AML on an ongoing basis.
This course can be taken at your own pace in any of the following formats:
- Desktop
- Laptop
- Tablet
- Smartphone devices
This course includes:
- 80 minutes video lessons,
- End of course quiz 10 questions -20mins
- Certificate of Completion
Course Curriculum:
- What is Money Laundering
- What is Terrorist Financing
- The Money Laundering cycle
- The impact of money laundering on our society and economy
- Where does money laundering occur
- Why is it important to understand Red Flags
- Caribbean Financial Action Task Force (CFATF)
- What does the Local Regulation say
- The AML and CFT Framework
- What are Red Flags
- Red Flag Indicators at Onboarding
- Red Flag Indicators during the lifespan of the relationship Reporting Suspicious
Behavior - Red Flags Involving Virtual Currencies/Digital Assets
- Red Flags which indicate you shouldn’t enter into a relationship
- Reporting Suspicious Behaviour
- How to improve the assessment and identification of Red Flags
- Course Recap
- End of course Quiz – 10 questions – 20 min
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.
