arrow_back
Module 1: Introduction to Financial Crime & AML
What is financial crime? Types and global impact
History and evolution of AML
Introduction to FATF and its 40 Recommendations
Overview of financial institutions’ role in AML
Careers in AML and compliance
Module 1: Test
Module 2: The Risk-Based Approach to AML
What is risk-based AML compliance?
Identifying and assessing risk (client, product, geography)
AML risk matrices and scoring
Risk mitigation strategies and controls
Real-life examples and case study: Risk profiling
Module 2: Test
Module 3: KYC, CDD & EDD Processes
Customer Identification Program (CIP)
Standard vs. Enhanced Due Diligence
Onboarding individuals vs. corporates
Red flags in documentation
Source of funds & source of wealth checks
UBO (Ultimate Beneficial Ownership) detection
Module 3: Test
Module 4: International AML Frameworks
FATF, FinCEN, Wolfsberg Principles
EU AML directives
USA PATRIOT Act overview
UN Sanctions and AML international enforcement
The role of the Financial Intelligence Unit (FIU)
Module 4: Test
Module 5: Transaction Monitoring Systems & Red Flags
Understanding how transaction monitoring works
Red flags in account behavior (layering, structuring, unusual transactions)
Thresholds and rule-based alerts
Handling alerts – escalation process
Case studies: Real-world suspicious transaction patterns
Module 5: Test
Module 6: Sanctions, PEP Screening & OFAC Compliance
Who are PEPs? (Politically Exposed Persons)
Global sanctions regimes (OFAC, UN, EU, UK)
Name screening and fuzzy logic
Case study: Violation of sanctions and penalties
Role of sanctions screening tools
Module 7: Suspicious Transaction Reporting & UAE Compliance Framework
Definition of suspicious activity and reporting obligations
How to file STRs/SARs (Suspicious Transaction/Activity Reports)
UAE Central Bank AML framework
AML regulations in UAE Real Estate and Designated Non-Financial Businesses and Professions (DNFBPs)
Case simulation: Drafting an STR
Module 7: Test
Module 8: AML in Real Estate, Insurance & FinTech
AML risks in real estate transactions
AML obligations for brokers, lawyers, and developers
Risk indicators in insurance fraud
AML risks in digital banking and cryptocurrencies
Case study: Real estate used for money laundering
Module 8: Test
Module 9: Technology & AI in AML
Introduction to RegTech and AI
Key AML software (Actimize, Oracle FCCM, SAS AML)
Use of Machine Learning in monitoring transactions
Data analytics in compliance
Future trends in AML technology
Module 9: Test
Module 10: ACAMS Exam Preparation
ACAMS application and eligibility guide
ACAMS exam structure and domains
Tips for success in the ACAMS exam
Practice test walkthroughs
Time management strategies
Mock Tests
Practice Test 1
Practice Test 2
Practice Test 3
Practice Test 4
Practice Test 5