AML Programme - Course 5 of 7

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

This is the 5th course in our AML training programme with a look at the risk managed and compliance programme (RMCP).

This course was developed for those aiming to earn the AMLC Prac (SA) designation. There are 7 courses included in the programme.

This course takes a deep dive into creating and maintaining a robust AML Risk Management and Compliance Program (RMCP). This intensive bootcamp is your blueprint for building a resilient defense against financial crime.

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.
• 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.
• Screening and monitoring teams.
• AML team members, team leaders, supervisors and managers.

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

• Interpret and apply the Risk Management and Compliance Programme.
• Implement the Risk Based Approach to AML/CFT.
• Perform and/or oversee operational AML/CFT functions such as Sanctions Screening and Transaction Monitoring
• Identify risks and gaps in the AML/CFT RMCP and your organisation's application thereof.
• Advise stakeholders across the business in regard to the operational as well risk management rationale for the measures described in the RMCP
• Assist the AMLCO in keeping the RMCP current and aligned with business operations and governance.

Preparation for the course

• Suggested reading of the Financial Intelligence Centre Act 38 of 2001.
• Access to the FIC's website: https://www.fic.gov.za/
• Attendees should understand Risk Management and Assurance concepts in order to follow the terminology and methodology references.)
• PUBLIC COMPLIANCE COMMUNICATION No 53
• ON THE RISK MANAGEMENT AND COMPLIANCE PROGRAMME IN TERMS OF SECTION 42 OF THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT 38 OF 2001) FOR DESIGNATED NON-FINANCIAL BUSINESSES AND PROFESSIONS (https://www.fic.gov.za/compliance/compliance-guidance/public-compliance-communication/​)
• GUIDANCE NOTE 7
• ON THE IMPLEMENTATION OF VARIOUS ASPECTS OF THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT 38 OF 2001) (https://www.fic.gov.za/compliance/compliance-guidance/guidance-notes/​ )

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-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)

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)

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

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