Book a Free Video Consultation!
If you have any questions or would like to speak to one of our team before enrolling feel free to book a free video call with us by clicking the button below, we will be delighted to meet you on Google Meet!
AML Requirements for Board of Directors and Senior Management
Individual Licence (EUR 60)
€60.00
Skip to product information
AML Requirements for Board of Directors and Senior Management
€60.00
Reliable shipping
Flexible returns
Buying for a team?
Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in AML Requirements for Board of Directors and Senior Management.
This course will familiarize the learner with the crime of money laundering in particular to his/her position on the Board of Directors. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators. After completing this program, the learner will understand how to:
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a clearer practical understanding of the key concepts and terminology in AML Requirements for Board of Directors and Senior Management.
- Recognise how the topic affects real international trade, finance or risk decisions.
- Apply the course principles more confidently in relevant business situations.
Who is this course for?
This course is suitable for trade finance professionals, bankers, compliance and risk teams, exporters, importers and other professionals involved in international transactions.
Course at a glance
- Study time: approximately 2 hours.
- Format: self-paced online learning.
- Professional development: CPD course.
Seat Time: 1.5hrs
This course will familiarize the learner with the crime of money laundering in particular to his/her position on the Board of Directors. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators. After completing this program, the learner will understand how to:
- Recognize the red flags of money laundering.
- Conduct Customer Due Diligence (CDD) practices and prevent money laundering at the organization.
- Recognize the roles that agencies such as OFAC play with regard to creating effective AML guidelines for the organization.
Course Overview
Course Contents
T1. Money Laundering: This topic will provide the learner with an introduction to the crime of money laundering, an act or attempt to disguise the source of money or assets derived from criminal activity, by providing the goals of money launderers and the steps of money laundering.
T2. Red Flags of Money Laundering: This topic will teach the learner about the warning signs that money laundering is occurring, such as avoiding reporting or recordkeeping or suspicious branch activities, so that the learner will be able to recognize red flags of money laundering.
T3. Customer Due Diligence (CDD): This topic will define customer due diligence procedures and will familiarize the learner with components of CDD and transaction monitoring programs.
T4. Office of Foreign Assets Control (OFAC): This topic will discuss the purpose and use of the Office of Foreign Assets Control of the U.S. Department of the Treasury, and will explain compliance, restrictions, and certain types of transactions.
T5. OFAC Program: This topic will outline the development of an OFAC program for the institution, including internal controls that can be used to screen for suspicious activity or accounts. The topic will also address the reporting of suspicious activity.
T6. BODSM: Your Role in AML: This topic will familiarize the learner with his/her role and responsibilities as a member of the board of directors or senior management at the institution in regard to ensuring compliance with AML requirements.
Continue your learning
Part of this learning pathway: Compliance & Regulatory
Learners also take: AML Requirements | AML Requirements for CSOs | AML Requirements for Lenders
Course pathway: eBSI Banking Academy > Compliance & Regulatory > AML Requirements for Board of Directors and Senior Management
Explore more Compliance & Regulatory training or return to the eBSI Banking Academy.