AML Programme - Course 6 of 7

Are you fully equipped to navigate South Africa's AML reporting maze?

This is the 6th course in our AML training programme. There are 7 courses included in the programme.

This training course is specifically tailored for AML professionals who are gearing up for the AMLC Prac (SA) designation and are keen to harness the power of modern technology in their anti-money laundering efforts. The course offers an insightful exploration into the latest AML technologies, providing an in-depth understanding of how tools like AI, machine learning, and data analytics are revolutionizing AML practices.

This course will have special guest speakers in attendance to share their practical experiences.

Who should attend

The programme is specifically recommended for those who are planning to write the AMLC Prac (SA) board exam, e.g.

• AML Compliance Officers: Charged with implementing and overseeing AML technology solutions. Financial Intelligence Analysts: Utilizing AML technologies for data analysis and reporting.
• Risk Managers: Integrating technology solutions into risk management strategies.
• IT Professionals in Financial Services: Managing and supporting AML technology systems.
• Banking and Finance Executives: Decision-makers in technology adoption for AML compliance.
• Regulatory and Legal Advisors: Advising on compliance and technological requirements.
• Audit and Assurance Professionals: Assessing the effectiveness of AML technology solutions.

These roles are directly involved in the selection, implementation, and management of AML technologies, making the course highly relevant and beneficial.

Key take-aways

Attendees will gain practical guidance on evaluating, selecting, and implementing the most effective technology solutions. They will also learn about the challenges and best practices in AML technology, ensuring they are well-equipped to adapt to the dynamic nature of financial crimes and regulatory requirements.

Preparation for the course

This course is designed for professionals with a foundational understanding of the AML framework in South Africa.

Participants are expected to be familiar with:

• Basic Understanding of AML Principles: A foundational grasp of Anti-Money Laundering concepts and practices is essential. This includes awareness of identifying suspicious activities, the significance of KYC processes, and a general legal framework surrounding AML.
• Familiarity with Financial Systems and Transactions: General knowledge of financial operations, types of transactions, banking operations, and the role of financial institutions in money laundering risks is beneficial.
• Awareness of Regulatory Compliance: Understanding the regulatory environment, especially in relation to AML and combating the financing of terrorism (CFT), is crucial.
• Basic IT Proficiency: Comfortable use of computers and software applications is expected, though advanced technical skills are not necessary.
• Analytical Skills: An ability to analyze and interpret data is advantageous, as the course will explore how technology aids in data analysis for AML purposes.
• Professional Experience in Related Fields: While not mandatory, experience in finance, banking, legal compliance, or related fields can enhance understanding and application of the course material.

Delivery ticket options:

• Virtual via Microsoft Teams

Investment:

Virtual

Member: R4,200.00 excl. VAT | R4,830.00 incl. VAT

Non-member: R4,620.00 excl. VAT | R5,313.00 incl. VAT

Non-SA options for above excludes VAT

In-person

Member: R5,200.00 excl. VAT | R5,980.00 incl. VAT

Non-member: R5,620.00 excl. VAT | R6,463.00 incl. VAT

Non-SA options for above excludes VAT

In-house training requests:

If you are interested in this course being conducted as an inhouse course, please send your requirements to enquiries@compliancesa.com.

CPD: 12 hours

Included in the training

• Slide deck
• Detailed course layout
• Reflective assessments and exercises during the training
• Other reference material provided during the event

AML Programme other courses:

1 - AML in South Africa (6 hours)

2 - AML - Mastering the risk-based approach and risk assessment (6 hours)

3 - AML - Mastering AML Reporting in the South African Arena (2 days of 6 hours each)

4 - AML - Building Bulletproof AML Record-Keeping Systems (1 day of 6 hours)

5 - AML - Risk Management and Compliance Program (RMCP) (2 days of 6 hours per day)

7 - AML - Audit and programme enhancement (3 hours)