Certificate in Performing Anti-Money Laundering (AML) Investigations

Enroll in the Certificate in Performing Anti-Money Laundering (AML) Investigations and take your Anti-Money Laundering Career to the next level!

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Course Description

The “Certificate in Performing Anti-Money Laundering (AML) Investigations” is a comprehensive program designed to equip students with the necessary knowledge and skills to effectively combat money laundering and terrorist financing activities. This course delves into the key concepts of money laundering and terrorist financing, providing a solid foundation for understanding their implications in today’s financial landscape. Students will explore the stages of money laundering and terrorist financing, gaining insights into how criminal entities exploit financial systems and how these activities can be detected and prevented.

Module 1 introduces students to the fundamentals of money laundering, terrorist financing, and the crucial role of investigations in Anti-Money Laundering (AML) compliance. Students will learn the importance of periodic reviews and case-to-case investigations, which play a critical role in maintaining AML program compliance. The module also includes a case study analyzing a FinCEN Alert on potential U.S. commercial real estate investments, allowing students to gain practical insights into real-world scenarios.

In Module 2, students will focus on the planning phase of AML investigations. This module emphasizes the significance of regular monitoring of transactions and activities, and how research plays a pivotal role in planning effective investigations. Students will learn to assess risks related to channels, products, delivery, and customers to develop a risk-based investigation program. A case study on FinCEN Red Flags alerts related to potential Russian sanctions evasion attempts further reinforces the concepts covered in this module.

Module 3 concentrates on the actual process of conducting AML investigations. Students will explore the planning involved in both onsite and off-site investigations. The module covers the initial off-site AML assessment of transactions under investigation, as well as the evidence-gathering process. Students will learn to review transactions under investigation and link them with evidence and risk profiles, enabling them to build a comprehensive investigation approach. A case study on the rise in ransomware reporting in BSA filings provides a practical context to this module’s learning.

In Module 4, students will learn about the conclusion and reporting stages of AML investigations. The module highlights the ML/TF risks addressed through these investigations and trains students in preparing investigations reports. Students will also gain an understanding of the final review process by a Money Laundering Reporting Officer (MLRO) and learn to conclude on suspicious transactions and activities for reporting purposes. The module covers both internal reporting of suspicious transactions by the MLRO and the external reporting of Suspicious Activity Reports (SARs) to Financial Intelligence Units (FIU). A case study showcasing how SAR filing resulted in arrests related to drug trafficking and money laundering offers practical insights into this crucial aspect of AML investigations.

Upon successful completion of this course, students will be equipped with the essential skills to perform AML investigations effectively, contributing to a safer and more secure financial system.


What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!


Course Overview

Learning Objectives

  • Understand the foundational concepts of money laundering and terrorist financing.
  • Understand the difference between money laundering and terrorist financing.
  • Differentiate between and characterize money laundering and terrorist financing.
  • Considering channel, product, delivery and customers risks for Investigation program.
  • Understanding the development of risk-based investigation program.
  • Understanding the planning for onsite and offsite investigations and performing initial offiste AML assessment of transactions under investigations.
  • Performing a Final Review of Investigations performed by Money Laundering Reporting Officer (MLRO).
  • Internal reporting of suspicious transactions by MLRO and external reporting of suspicious transactions (SARs).
  • Performing a Final Review of Investigations performed by Money Laundering Reporting Officer (MLRO).
  • Review of transaction under investigation and linking with evidence and risk profiles.

Target Audience

  • Compliance professionals that want to acquire a solid understanding of AML/CTF
  • Risk management professionals that want to effectively manage AML/CTF risks
  • Ambitious AML/CTF compliance personnel looking to broaden knowledge and skills
  • Career starters seeking career opportunities in the AML/CTF compliance industry

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.


Course Curriculum

Introduction to the Program

  • Introduction to the Program

Module 1: Understanding Money Laundering, Terrorist Financing, and Investigations

  • Introduction to this Module
  • Understanding Money Laundering and Terrorist Financing?
  • Stages of Money Laundering and Terrorist Financing
  • Anti-Money Laundering (AML) Program Compliance
  • Importance of Periodic Reviews and Performing Investigations in AML Compliance
  • Purpose of Case-to-Case Investigations in AML Compliance
  • Case Study: FinCEN Alert on Potential U.S. Commercial Real Estate Investments
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 2: Planning for Investigations

  • Introduction to this Module
  • Planning for Regular Monitoring of Transactions and Activities
  • Research for Planning the Investigations
  • Considering Channel, Product, Delivery, and Customers Risks for Investigation Program
  • Developing a Risk-Based Investigation Program
  • Case Study: FinCEN Red Flags alerts on potential Russian Sanctions Evasion Attempts
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 3: Performing Investigations

  • Introduction to this Module
  • Planning for Onsite and Off-Site Investigations
  • Performing Initial Off-site AML Assessment of Transactions under Investigations
  • Onsite and Offsite Evidence Gathering Process for Investigations
  • Review of Transactions under Investigation and Linking with Evidence and Risk Profiles
  • Case Study: Increase in numbers of Ransomware Reporting in BSA filings
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 4: Investigation Conclusion and Reporting

  • Introduction to this Module
  • ML/TF Risks Addressed by Performing AML Investigations
  • Preparing draft Investigations Report
  • Performing a Final Review of Investigations performed by a Money Laundering Reporting Officer (MLRO)
  • Conclude on Suspicious Transactions and Activities for Reporting Purposes
  • Internal Reporting of Suspicious Transactions by MLRO
  • External Reporting of Suspicious Transactions (SARs) to FIU
  • Case Study: SAR Filing Results in Arrests on Drug Trafficking and Money Laundering
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

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Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

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