Anti- Money Laundering (AML) Training

Most institutions in the financial sector have are targeted as conduits for money laundering activities by money launderers. Money laundering is a criminal activity entails conversion of illegitimate sources of funds to appear as “clean” funds by using financial services firms including banks, SACCOs, money transfer firms & micro finance institutions

This training will equip participants and institutions with knowledge on detecting suspicious transactions related to money laundering, the Proceeds of Crime and Anti Money Laundering Act (POCAMLA) and ways of deterring money laundering activities

Key training areas in AML includes;

• Definition of Money laundering and Terrorism Financing
• Stages of Money laundering
• Sources of Illegitimate funds
• Setting up strong AML frameworks for institutions
• Indicators of suspicious transactions relating to Money laundering
• Regulations governing money laundering(FATF regulations)
• Case studies on Money laundering

Mode of delivery

We offer In house training sessions on AML training, Compliance and risk training On compliance Audits, and risk management, we carry out onsite evaluations for a defined period of time before report submission.