Anti-Money Laundering and Countering the Financing of Terrorism
About This Training
The “Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)” training is designed to provide participants with practical knowledge and tools for preventing and identifying money laundering and terrorist financing risks. The course focuses on customer identification and due diligence, transaction monitoring, suspicious transaction reporting, risk-based approaches, cash transactions, correspondent relationships, international transfers, sanctions and blacklists, as well as real-life money laundering cases.
The training also highlights international best practices and provides practical approaches that participants can apply within their organizations to strengthen AML/CFT prevention and compliance processes.
Course Objectives
- Understand the key principles and mechanisms of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT),
- Apply Know Your Customer (KYC) and customer due diligence principles,
- Understand requirements for maintaining and storing customer data and documentation,
- Apply effective customer and transaction monitoring practices,
- Identify potentially suspicious transactions and understand the reporting process,
- Apply a risk-based approach to AML/CFT prevention,
- Understand AML/CFT risks related to cash transactions,
- Understand the risks associated with correspondent banking relationships and international transfers,
- Understand the role of sanctions and blacklists in AML/CFT compliance,
- Analyze real-world money laundering cases and criminal schemes,
- Strengthen practical skills for identifying and preventing money laundering and terrorist financing risks.
Who is This Course For?
For customer service employees, managers, internal monitoring and control specialists in banks, AML/CFT specialists, and compliance officers responsible for AML/CFT-related functions.
By The End of The Course, You Will:
- Understand the key tools and mechanisms used to prevent money laundering and terrorist financing,
- Apply KYC and customer due diligence principles more effectively,
- Improve customer identification and due diligence processes,
- Understand how to monitor customers and their transactions,
- Identify suspicious transactions and understand the reporting process,
- Apply a risk-based approach to AML/CFT compliance,
- Understand AML/CFT risks related to cash transactions and international transfers,
- Recognize the importance of sanctions and blacklists in preventing financial crime,
- Analyze money laundering schemes and identify potential red flags,
- Apply the knowledge gained to strengthen AML/CFT prevention and compliance processes within your organization.
Trainer
Karo Harutyunyan
Karo Harutyunyan is a certified AML/CFT and sanctions compliance specialist holding the Certified Anti-Money Laundering Specialist (CAMS) and Certified Global Sanctions Specialist (CGSS) certifications from ACAMS.
He currently serves as Head of the Sanctions Compliance Department at Converse Bank. Previously, he worked at the Central Bank of Armenia and the Central Depository of Armenia as an AML/CFT Analyst.
With professional experience in AML/CFT and sanctions compliance, Karo brings practical expertise and real-world knowledge to the training, helping participants understand how AML/CFT principles can be applied effectively in financial organizations.