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Understanding the AML/CFT framework and handling alerts
An AML/CFT alert requires structured analysis, not an automatic response. Identify sensitive situations, understand the framework and organise information handling within your role. Strengthen your contribution to due diligence and decision traceability.
- Duration
- 2 days 14 hours
- Code
- FMB28FR Code
Presentation
The AML/CFT framework is a regulatory framework introduced by the French Ministry of the Economy and Finance, also known in the European Union since 2018 as the Fifth Anti-Money Laundering Directive.
It comprises measures, procedures and control mechanisms applied by financial authorities and regulatory bodies. AML/CFT aims to detect, prevent and combat fraudulent transactions involving the movement of capital, particularly funds intended to finance terrorist or criminal activities.
This AML/CFT course explores the framework's key issues, including the distinction between money laundering and terrorist financing, financial institutions' regulatory obligations and associated risks.
It then focuses on analysing unusual transactions in customer accounts and alert follow-up procedures, including enhanced investigation and the four-eyes principle. Finally, it covers the principles and obligations of suspicious transaction reporting, including how to draft a report and the key information to include.
Objectives
Learning objectives:
- Understand the issues involved in the anti-money laundering and countering the financing of terrorism (AML/CFT) framework.
- Use automated tools for detecting unusual transactions.
- Analyse customer files and understand commercial transactions to identify unusual movements.
- Draft a suspicious transaction report.
- Master the alert analysis process: detection, analysis, enhanced investigation and suspicious transaction reporting.
Program
1. Understanding the issues involved in the AML/CFT framework
- Distinguishing the objectives and processes of money laundering and terrorist financing.
- Financial institutions' regulatory obligations:
- overview of AML/CFT guidelines;
- overview of customer due diligence obligations.
- Monitoring politically exposed customers and holders of economic interests.
- Risks to financial institutions' image and reputation arising from non-compliance with AML/CFT frameworks.
2. Analysing an unusual transaction in a customer account
- Customer risk classification.
- Assessing customer risk at onboarding and throughout the business relationship.
- Analysing the KYC file and business relationship with the customer, whether an individual or a legal entity.
- Classifying an alert after an initial analysis.
3. Following up an alert
- Conducting an enhanced investigation: dialogue between the branch network and compliance, and requests for customer information.
- The four-eyes principle.
- Deciding whether to close the enhanced investigation or submit a suspicious transaction report.
- Principles and obligations relating to suspicious transaction reports submitted by financial institutions.
- Drafting the suspicious transaction report: key information and a summary of the analysis.
Audience
This course is intended for:
- financial sector professionals, including compliance officers, customer relationship managers and bank branch managers.
Prerequisites
This course requires no specific skills or experience, although the following are recommended:
- an understanding of the risk classification system used within financial institutions;
- a sound understanding of unusual transaction detection scenarios.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
- Practical exercises
- Case study
Course highlights
An expert international finance trainer and a learning approach combining discussion, practical exercises and case studies.
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.