Certified Anti-Money Laundering Specialist Program

Course Overview

The Certified Anti-Money Laundering Specialist (CAMS) program is designed to equip professionals with the skills needed to identify, prevent, and respond to money laundering activities in financial institutions. As financial crimes continue to evolve, businesses worldwide require experts to maintain the integrity of their operations and comply with increasingly stringent regulations. This course offers comprehensive training to help you understand the full scope of anti-money laundering (AML) measures, techniques, and strategies.

Course Objectives

The Certified Anti-Money Laundering Specialist course aims to:

• Develop a thorough understanding of anti-money laundering laws, regulations, and procedures.
• Equip you with tools and techniques to detect and prevent money laundering activities.
• Understand the role of financial institutions in detecting illicit activities and complying with global AML standards.
• Increase your proficiency in AML technologies and how they can help in identifying suspicious activities.
• Enhance your ability to manage risk in compliance departments and financial institutions effectively.

By the end of this training, you will be fully equipped to:

• Identify the red flags associated with money laundering.
• Interpret global AML regulations and ensure compliance within your organization.
• Implement best practices for creating and maintaining an effective AML program.
• Utilize technologies and resources to detect and report suspicious financial activities.

Course Outline

This course is structured into key modules that build on each other, ensuring a comprehensive learning experience.

Module 1: Introduction to Anti-Money Laundering

• Understanding Money Laundering and its Impact
• Key Definitions and Terminology
• The Global Legal Framework

Module 2: Anti-Money Laundering Legislation

• AML Regulations in Key Jurisdictions (USA, EU, etc.)
• KYC (Know Your Customer) Requirements
• Reporting and Documentation Obligations

Module 3: Money Laundering Techniques and Red Flags

• Common Techniques Used by Money Launderers
• Identifying Suspicious Activities
• Case Studies and Real-Life Examples

Module 4: Risk Management and Compliance

• Designing and Implementing AML Programs
• Managing Compliance and Risk Assessment
• Technology Tools for AML

Module 5: International Cooperation and Legal Issues

• The Role of Law Enforcement in Combating Financial Crimes
• Cross-Border Cooperation on AML Efforts
• Privacy Concerns and Data Protection

Module 6: The Role of Financial Institutions in AML

• AML Strategies for Banks and Financial Services
• Compliance for Non-Banking Financial Institutions
• Developing Effective AML Policies

Module 7: Reporting, Audits, and Ongoing Education

• The Importance of Reporting Suspicious Activities
• Internal and External Audits
• Training and Education for Continuous Compliance

Target Group

This Certified Anti-Money Laundering Specialist program is ideal for professionals in the following areas:

• Compliance Officers
• Risk Managers
• Legal and Regulatory Consultants
• Banking and Financial Service Professionals
• Internal Auditors
• Investigators
• AML and Fraud Prevention Experts

Course Cost

• 5-day training: €3700
• 10-day training: €6500

This flexible program is available on various dates to accommodate participants’ schedules. Please get in touch with us to schedule training dates that meet your availability.

Organizers

The Program is organized by the Geneva Institute of Business Management in partnership with renowned European financial institutions.