Anti Money Laundering (AML / CFT) Compliance Requirements

Partner: Udemy
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Description: Prevention of Money Laundering and Terrorist Financing is a challenge for World Financial System. Financial Institutions including banks, money service businesses (MSBs), payment service providers, remittance businesses, exchange companies, and similar regulated entities spend millions of dollars to maintain the Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) Framework. Other businesses dealing as brokers, real estate agents, dealers of precious metals or Jewelry, accountants, etc are also required to understand and implement the AML/CFT requirements. Why This Course?Every financial institution in the world is required to implement the AML / CFT Framework, to avoid the financial system's exploitation by criminals, criminal groups, and money launderers. Regulators impose heavy penalties on companies and businesses that do not comply with the requirements of the AML/CFT framework and regulations. Imposition of penalties due to non-compliance with AML/CFT requirements results in financial and reputational losses.  International organization Financial Action Task Force (FATF) has issued recommendations for its member countries, the adoption of which helps ensure the implementation of strong AML / CFT measures and practices. Due to the importance of the AML / CFT regime, the value of Compliance Professionals has increased many folds, especially of Regulatory Compliance and AML / CFT Specialists. These professionals earn handsome amounts of money by serving financial institutions such as Banks, Investment Banks, Leasing Companies, Brokerage Houses, Money Exchange Companies, Investment companies, etc. to combat money laundering risks and activities. This course is designed to provide you with sound knowledge about the AML/CFT Regime and related requirements, which companies and businesses adopt to ensure compliance with regulatory requirement
Category: Finance & Accounting > Compliance > Anti-Money Laundering (AML)
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Price: 19.99
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Source: Impact
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