Oben e-Learning- AML/CFT course for Jersey and the Isle of Man
One of the most important aspects of controlling the risk of financial crime is making sure your employees have the requisite training. It not only helps to safeguard your business but is also legally mandated and is seen as a crucial preventative measure by regulators. Our AML/CFT training courses provide comprehensive explanations of applicable laws and regulations so that employees leave with a clear understanding of what constitutes money laundering, terrorist financing and proliferation financing and what they should do when they encounter suspicious activity.
Our modular training is interesting and engaging and can be accessed via a wide range of devices. Learners undertake knowledge checks throughout the course to test their progress and complete a marked assessment at the end of the course that allows you to demonstrate that the learning objectives have been met..
Successful completion of our AML/CFT module should provide employees with the necessary knowledge and understanding required by regulation, but more so to ensure that they, in turn, comply with your AML/CFT control framework.
- Understanding ML/TF risk
- Understanding AML/CFT requirements
- Understanding your role and obligations
- Performing CDD
- Recognising unusual activity and reporting suspicion
- Summary & Quiz
- Understanding the fundamentals of Ml/TF and sanctions risk
- Be aware of your business’ own assessment of its ML/TF vulnerabilities and its resulting AML/CFT strategy
- Be aware of and understand the key laws and obligations relating to ML/TF and sanctions in Jersey
- Understand your role and obligations in relation to AML/CFT and the potential consequences of failing to report a suspicion
- Be aware of the identity and role of your business’ Compliance Officer, MLCO and MLRO
- Be aware of the existence, purpose and importance of your business’ AML/CFT procedures and know how they can be accessed
- Be aware of the key steps involved in performing CDD and potential pitfalls
- Be aware of ML/TF trends, typologies and case studies that are relevant to your business.
- Be aware of the types of transaction and activity that would be considered unusual in the context of your business.
- Know how and when to report a suspicion.
- Be aware of the risks of “tipping off” and know how to approach a business relationship that has been the subject of a SAR.
- Understand the distinction between AML/CFT and sanctions and know how sanctions breaches should be reported.