ANTI MONEY LAUNDERING-AML &
COUNTER FINANCING TERRORISM-CFT

ANTI MONEY LAUNDERING-AML &
COUNTER FINANCING TERRORISM-CFT

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Course Overview

Participant will get complete knowledge of concept and process of Money Laundering, comprehensive understanding of Anti Money Laundering Act, 2010, responsibility and liability of financial institutions and non-financial business and professions and predicate crimes.

Course Outline

  • Money Laundering Risks
  • Concept of KYC: Meaning & Core Element of KYC
  • Risk Based Approach
  • High Risk Customers
  • High Risk Products & Services
  • AML/CFT Regulations by SBP & SECP
  • Customer Due Diligence-CDD
  • CDD-Deficiencies & Red Flags
  • Concepts of Correspondence Bank
  • Wire Transfer & Fund Transfers
  • Reporting of Transactions
  • Record Keeping
  • Prosecution, Punishment and Penalties under the AML Act, 2010