AML 5 & AML 6 Explained: Practical Impact (C2537)
This seminar offers an in-depth exploration of the latest anti-money laundering (AML) regulations, international developments, and practical applications. Designed for professionals across financial, legal, and regulatory sectors, it equips you with the tools to recognize, manage, and mitigate financial crime risks in a fast-evolving landscape.
Table of Contents
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- Fees & Registration Details
- Testimonials From Past Participants
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
About the Course
In a world where financial crime continues to evolve and expand, staying compliant with Anti-Money Laundering (AML) obligations is more crucial than ever. This comprehensive seminar provides a timely deep dive into the global and European regulatory landscape surrounding money laundering and terrorist financing, with a special focus on the implications for the financial sector.
Participants will gain practical insight into the stages of money laundering, typologies, and real-world cases, including the use of cryptocurrencies in laundering schemes. With a close look at FATF’s 40 recommendations and the EU’s evolving AML framework, attendees will learn how to assess risks using a risk-based approach, apply Customer and Enhanced Due Diligence procedures, and foster a strong AML culture in their organizations.
This seminar offers a unique opportunity to learn from current trends, case studies, and practical tools for establishing and improving AML compliance frameworks. Whether you’re in finance, law, compliance, or regulation, this training will prepare you to confidently address AML challenges and protect your organization’s integrity and reputation.
Timetable
Who Should Attend
This seminar is ideal for professionals who are either obligated entities under AML laws or play a role in ensuring financial integrity, including:
- AML Compliance Officers & Risk Managers
- Banking & Financial Institution Employees
- Legal Advisors & Regulatory Consultants
- Auditors & Chartered Accountants
- Real Estate Agents, Insurance Brokers & Trust Service Providers
- Supervisory Authority & Regulatory Body Representatives
- Any professionals seeking to understand or enter the AML/compliance sector
Key Learning Objectives
By the end of the seminar, participants will be able to:
Knowledge:
- Understand the stages and mechanics of money laundering.
- Distinguish between money laundering and terrorist financing.
- Describe key AML regulatory requirements and international frameworks.
- Identify how cryptocurrencies and digital finance are exploited in laundering schemes.
Skills:
- Implement effective Customer Due Diligence (CDD) processes.
- Apply Enhanced Due Diligence (EDD) for high-risk scenarios.
- Monitor client transactions for suspicious activity.
- Structure internal AML compliance processes and controls.
Attitudes:
- Justify and support AML practices within their organization.
- Collaborate proactively with compliance departments.
- Promote a strong culture of integrity, transparency, and ethical behavior in combating financial crime.
Course Curriculum
Chapter 1 | Understanding Financial Crime
- Define what constitutes financial crime in a corporate and regulatory context.
- Identify different types of financial crimes (e.g., fraud, bribery, tax evasion).
- Explore the economic and social consequences of financial crime.
- Highlight trends and emerging risks in financial crime (e.g., digital fraud)
Chapter 2 | Money Laundering & TF Methods and Techniques
- Explain the stages of money laundering: placement, layering, and integration.
- Discuss traditional and modern laundering methods (e.g., trade-based laundering, shell companies).
- Review real-world case studies and typologies.
- Analyze how technology is used in laundering schemes.
- Define terrorist financing and how it differs from money laundering.
- Identify common sources of terrorist funding.
- Review typologies and case examples related to terrorism financing.
- Discuss the regulatory response and international obligations.
Chapter 3 | Crypto and money laundering
- Explain how virtual assets are used in money laundering.
- Identify red flags in crypto transactions.
- Understand challenges in tracking decentralized finance (DeFi).
- Review regulations and supervision strategies for crypto-related AML.
Chapter 4 | The Role of the FATF in AML Compliance
- Introduce the Financial Action Task Force (FATF) and its mission.
- Outline key FATF recommendations for AML/CFT.
- Explain the mutual evaluation process and its implications.
- Discuss FATF’s impact on national regulations and institutional obligations.
Chapter 5 | Understanding and mitigating risks (The risk-based approach)
- Define the risk-based approach (RBA) and its regulatory foundation.
- Guide participants on identifying, assessing, and classifying AML risks.
- Demonstrate how to apply controls proportionate to risk levels.
- Explore tools and templates used in risk assessments and mitigation planning.
Chapter 6 | Customer Due Diligence (CDD) & Best Practices
- Define the concept and regulatory basis of CDD.
- Explain identification and verification procedures for natural and legal persons.
- Outline customer profiling and risk categorization.
- Discuss onboarding and ongoing monitoring responsibilities.
- Present examples of effective CDD checklists and procedures.
- Discuss onboarding procedures for low-risk vs. high-risk clients.
- Emphasize documentation, record-keeping, and reporting.
- Address common challenges and how to overcome them.
Chapter 7 | Enhanced Due Diligence (EDD) and best practices
- Define EDD and when it is required under law.
- Identify high-risk situations and red flags.
- Present examples of EDD controls and tools (e.g., source of funds checks, senior management approval).
Chapter 8 | The AML Compliance Culture
- Explain what defines a strong AML culture in an organization.
- Discuss the role of leadership and tone from the top.
- Emphasize the importance of staff training, ethics, and accountability.
- Review indicators of weak compliance culture and how to address them.
*This training program is designed to support continuing professional development (CPD). Participants are encouraged to verify with their professional body or regulatory authority whether the training meets their individual or institutional CPD requirements.
Fees & Registration Details
Testimonials From Past Participants
FAQs – Frequently Asked Questions
Is this seminar eligible for 6 CPDs?
What will I learn in this AML seminar that I can’t get from online reading?
Is this AML seminar suitable for professionals outside the financial sector?
How are cryptocurrency and digital finance addressed in this seminar?
What practical skills will I take away from this AML training?
This seminar may be approved for up to 6 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator, or other bodies in which you hold membership.
This seminar offers practical insights and real-world case studies not easily accessible online. You’ll gain up-to-date knowledge on regulatory developments, interact with expert instructors, and participate in hands-on workshops that focus on risk-based AML practices, crypto-related red flags, and how to implement effective compliance strategies in your organization.
Yes. While the content is tailored for financial professionals, the seminar is highly relevant for legal advisors, accountants, auditors, real estate agents, and anyone obligated under AML laws. The skills and knowledge shared are applicable across all industries facing financial crime risks.
We dedicate a full session to understanding how crypto assets and decentralized finance (DeFi) are used in money laundering. You’ll learn how to detect suspicious crypto transactions, identify red flags, and understand the current and upcoming regulatory approaches to virtual assets under global AML laws.
Participants will leave with tools for implementing Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), conducting AML risk assessments, and monitoring suspicious transactions. You’ll also develop strategies to foster a strong compliance culture within your organization.
