AML Programme - Course 3 of 7

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

This is the 3rd course in our AML training programme with a look at the reporting obligations in South Africa and developed for those aiming to earn the AMLC Prac (SA) designation. There are 7 courses included in the programme. (see below).

This training course is an essential guide for professionals seeking to master the complexities of Anti-Money Laundering (AML) reporting obligations in South Africa and delves deep into the intricacies of the Financial Intelligence Centre Act (FICA) and beyond.

Who should attend

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

• Compliance Officers and Managers: Professionals responsible for ensuring their organizations comply with AML regulations and reporting requirements.
• Financial Intelligence Analysts: Those involved in analyzing financial data to detect and report suspicious activities.
• Risk Managers and Auditors: Individuals overseeing risk management and internal audits, ensuring adherence to AML frameworks.
• Legal Advisors and Regulatory Affairs Specialists: Experts advising on legal compliance and regulatory matters related to AML.
• Financial Services Professionals: Employees in banks, insurance companies, and other financial institutions who deal with customer transactions and due diligence.
• Law Enforcement and Government Officials: Personnel involved in investigating financial crimes and enforcing AML laws.
• Accountants and Financial Advisors: Professionals offering financial advice or services, needing to understand AML reporting obligations for accurate guidance.

These roles are directly involved in or impacted by AML processes and compliance, making the course highly relevant and beneficial for them.

Key take-aways

Participants will gain invaluable insights into the diverse range of reports mandated by law, from cash threshold to suspicious transaction reports. The course empowers professionals with practical skills in identifying reportable instances, leveraging technology for AML reporting, and understanding the crucial roles and responsibilities in AML investigations. Expect an immersive learning experience that equips you with the knowledge to set up compliant systems, utilize cutting-edge AML technologies, and contribute effectively to the fight against financial crimes.

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 Principles of Financial Regulations: An awareness of the core concepts of financial regulations in South Africa.
• Types of Financial Crimes: Knowledge of the various forms of financial crimes, including money laundering and terrorist financing.
• Compliance Requirements Under FICA: An understanding of general compliance obligations under the Financial Intelligence Centre Act (FICA), especially in relation to reporting and record-keeping.
• Financial Operations: Foundational knowledge in financial operations and the significance of monitoring, reporting, and record-keeping in AML contexts.
• Prior Courses or Experience: Previous completion of related courses or practical experience in financial regulation, compliance, or AML activities is beneficial, though not mandatory.
• Having this background will enable participants to fully engage with the course content, which covers a comprehensive view of the reporting obligations under South African AML laws, practical guidance on investigations, and implementation of ongoing detection controls.

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 training@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

What is your next?

The AML training programme consists of a total of 7 courses in the series. These are the next courses in order of sequence. It is highly recommended to attend all courses in the series in preparation for the AMLC Prac (SA) board exam however it is not compulsory:

1 - AML in South Africa (6 hours)

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

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)

6 - AML - Deploying Technology Against Money Laundering (2 days of 6 hours each)

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