Overview
Money laundering, terrorist financing, sanctions violations, proliferation financing, corruption, fraud, and other forms of illicit financial activity continue to present significant challenges to financial institutions, regulators, governments, and the global economy. As financial systems become increasingly interconnected and technology-driven, organizations are expected to implement effective controls to detect, prevent, and report suspicious activities while maintaining compliance with evolving regulatory requirements.
Throughout this programme, you will explore the principles, frameworks, techniques, controls, and regulatory requirements that underpin effective Anti-Money Laundering and Countering the Financing of Terrorism programmes.
Examination and Awarding Body
This certification is awarded by the Institute of Financial Markets of Pakistan (IFMP). The final certification examination is conducted through the IFMP Learning Management System (LMS) in accordance with IFMP’s examination policies and procedures.
Download BrochureLearning Outcomes
Upon successful completion of this programme, you will be able to:
- Explain the concepts, objectives, and significance of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) within modern financial systems;
- Identify and evaluate common money laundering, terrorist financing, and financial crime typologies, risks, red flags, and emerging threats;
- Apply Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements in line with risk-based compliance frameworks;
- Conduct customer, product, service, and organizational AML/CFT risk assessments and implement appropriate mitigation and monitoring measures;
- Understand the regulatory, governance, reporting, and compliance obligations associated with effective AML/CFT programmes;
- Interpret and apply international AML/CFT standards, including FATF
- Recommendations, sanctions requirements, and global best practices; and
- Contribute effectively to organizational AML/CFT governance, compliance, financial crime prevention, and the promotion of a culture of integrity, accountability, and regulatory compliance.
Course Outline
- 1.1: Learning Outcomes
- 2.1: Lesson 1: Understanding Money Laundering
- 2.2: Lesson 2: How Money Laundering Works
- 2.3: Lesson 3: The Three Stages of Money Laundering
- 2.4: Lesson 4: Terrorist Financing and International Sanctions
- 3.1: Lesson 1: Cash-Based Money Laundering Techniques
- 3.2: Lesson 2: Money Service Businesses and Payment Instruments
- 3.3: Lesson 3: High-Risk Businesses and Trade-Based Money Laundering
- 3.4: Lesson 4: Underground and Digital Financial Systems
- 3.5: Lesson 5: Products and Sectors Vulnerable to Money Laundering
- 3.6: Lesson 6: Emerging Financial Crime Risks
- 4.1: Lesson 1: Foundations of Know Your Customer (KYC)
- 4.2: Lesson 2: Building an Effective KYC Programme
- 4.3: Lesson 3: Customer Due Diligence (CDD)
- 4.4: Lesson 4: Conducting Due Diligence
- 4.5: Lesson 5: Risk-Based Due Diligence
- 4.6: Lesson 6: Customer Risk Assessment and Monitoring
- 4.7: Lesson 7: Managing High-Risk Customer Relationships
- 4.8: Lesson 8: Recognising KYC Red Flags
- 5.1: Lesson 1:Understanding Business Risk
- 5.2: Lesson 2: Technology and Emerging Business Risks
- 5.3: Lesson 3: Customer Risk Assessment
- 5.4: Lesson 4: Transaction Monitoring
- 5.5: Lesson 5: Building a Culture of Compliance
- 5.6: Lesson 6: Applying the Risk-Based Approach
- 5.7: Lesson 7: Assessing AML/CFT Compliance
- 6.1: Lesson 1: Introduction to Kenya's AML/CFT Regulatory Framework
- 6.2: Lesson 2: Key AML/CFT Legislation in Kenya
- 6.3: Lesson 3: Kenya's AML/CFT Regulatory and Supervisory Authorities
- 6.4: Lesson 4: Risk Assessment and the Risk-Based Approach
- 6.5: Lesson 5: Customer Due Diligence Requirements
- 6.6: Lesson 6: High-Risk Jurisdictions and Targeted Financial Sanctions
- 6.7: Lesson 7: Reliance on Third Parties and Outsourcing
- 6.8: Lesson 8: Record Keeping and Reporting Requirements
- 6.9: Lesson 9: AML/CFT Compliance Programmes
- 6.10: Lesson 10: Correspondent Banking and Cross-Border Relationships
- 6.11: Lesson 11: Regulatory Enforcement and Administrative Sanctions
- 6.12: Lesson 12: Overview of the CBK Prudential Guidelines on AML/CFT
- 6.13: Lesson 13: The Proceeds of Crime and Anti-Money Laundering Act (POCAMLA)
- 7.1: Lesson 1: Regional and International Cooperation
- 7.2: Lesson 2: United Nations and International Sanctions
Price: US$455
Course Features
- Modules 7
- Duration 8 Weeks
- Content Type Text & media
- Assessment Yes
- Pass Percentage 70%
- Certificate Yes
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