Smartenu Up Institute

Anti-Money Laundering




6 IIROC Compliance credits. Version 5:  Updated July 2017 and incorporates the new rules dealing with PEPs and HIOs


Anti – Money Laundering doesn’t have to be boring.

Anti-money laundering and terrorist financing training is fundamental to any firm’s compliance regime. It is vital that all staff within the firm have a clear and effective understanding of the regulations. The unfortunate part is that AML regulations can be complex and are boring!

This AML course is different…and here is why…

This course provides….

  • Recent real life examples that spark interest and provoke discussion with associates.
  • Includes links to relevant and interesting new articles and regulatory bodies cites for future reference
  • Approaches AML with a humorous tone to maintain interest by making the content more accessible and fun. (Is that possible?)
  • Written in clear plain English
  • Organized so that each section within the material has a “What you need to know” heading that is specific to the different roles (i.e. executives, compliance, operations, sales, trading, client services).
  • Focused on maintaining the reader’s interest by providing them with practical tools they can use to identify AML activity and communicate AML regulations to their clients or staff.
  • Structured to ensure that all types of learners will benefit from the material.
After taking this course, staff will fully understand AML regulations and the reasons for their implementation. They will be able to clearly communicate, as their role requires, the importance of AML regulations to clients and staff. They will have a complete understanding of how Money Laundering affects the world’s economies and what they can do to prevent it.
 

You may commence taking your online course upon confirmation of payment.  The confirmation will also include your username and password to enter the online classroom.  

You can start immediately or you can come back at a later time to complete the course.

Once you start the exam portion of the course you must continue to the end. You will not be permitted to navigate back to previous pages.
 

This course should be of particular interest to:

  • Investment and financial firms' front office, back office, IT, licensed staff
  • Investment firms' counter parties at banks
  • Employees of regulatory agencies
  • Institutional client personnel
  • Industry vendors' employees
  • Persons presently outside the industry looking to increase specific financial knowledge or seek entry to the industry

 

No advance preparation required, however follow-up courses recommended are:

  • Compliance for the Securities Industry
  • Inside Canada's Securities Industry

The goal of this course is to provide students with effective knowledge and practical tools to consistently and professionally implement AML regulations. AML is the responsibility of everyone within the financial firm; from the individuals who deal directly with clients, to the board of directors and Senior Management.


 

 

Lesson 1
  • General Overview – Who wants the money?
Lesson 2
  • ·How to provide great service and implement AML – Confidence in doing the right thing
Lesson 3
  • What is Money Laundering and why is it important to you and your clients?
Lesson 4
  •  A Brief History of Money Laundering
Lesson 5
  • Laundering Methodology and AML Agencies
Lesson 6
Client Identification:
  • the Business Relationship,
  • Ongoing Monitoring,
  • Politically Exposed Person,
  • amendments to Bill C-31
Lesson 7
  • What is a suspicious transaction and why you shouldn’t be fooled.
  • The importance in identifying your client.

Lesson 8

  • AML Risk Management: The AML risk potential for an organization – Internal Compliance Regime.
Lesson 9
  • How Money Launderers are using Technology
Lesson 10
  • How money can be transferred across continents without moving an inch.
  • Informal Value Transfer System
Lesson 11
  • Who is using the Securities Industry to Launder Money and how are they doing it?
  • What can you do to stop it !!!
Online Exam 

  • Once you have completed the course begin your on-line exam to test your knowledge. Once you start the exam you cannot navigate back to previous pages.  You are only allowed to move forward within the exam

Course Code: CEC06
$250.00