This course is approved by the FPI for 1.5 CPD. FPI24048766
 
The course on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) provides a comprehensive overview of the historical origins, key concepts, and regulatory developments in these critical areas of financial regulation. It delves into the roles and obligations of various accountable institutions, the importance of compliance and the specific duties of compliance officers, and the intricacies of client due diligence and risk management. The course also explores the impact of technology on AML and CFT practices, emphasizing the role of advanced software and AI in enhancing the effectiveness of compliance processes. Legislative frameworks within different jurisdictions, particularly South Africa, are covered to highlight their unique approaches to combating financial crimes. This course aims to equip participants with the knowledge and skills necessary to navigate and enforce AML and CFT regulations effectively within their organizations.
 
Course Objecticives:
Understand Historical Context: Learn the origins and evolution of AML and CFT practices.
Define Key Concepts: Clarify essential terms and concepts in AML and CFT.
Outline Regulatory Requirements: Discuss legal obligations under AML and CFT regulations.
Role of Accountable Institutions: Examine responsibilities and compliance challenges of key financial entities.
Role of Compliance Officers: Understand the compliance officers' duties and their impact on regulatory adherence.
Explore Technological Impacts: Analyze how technology affects AML and CFT practices.
Practical Application: Develop skills to implement effective AML and CFT strategies.
Promote Ethical Practices: Encourage ethical behavior in financial transactions and compliance.
 
You then have to complete 20 Multiple Choice Questions to pass the activity.