Advanced Anti-Money Laundering for Financial Institutions

Introduction to money laundering, including its concept, stages, and methods.

Examination of terrorism financing, its stages, and proliferation financing.

Overview of key international organizations such as FATF, Wolfsberg Group, and OECD, and their roles in influencing AML policies and practices.

Exploration of the relationship between organized crime and money laundering, with a focus on Directive (EU) 2015/849 (4th AML Directive), risk-based approaches, and definitions of key terms. Notable cases and the role of Financial Intelligence Units (FIUs) and MOKAS are also covered.

Detailed analysis of the 5th AML Directive (5AMLD) and its implications for financial institutions and regulatory bodies.

Insights into the strengthened legal framework and enhanced enforcement measures introduced by the 6th AML Directive (6AMLD).

Comprehensive understanding of risk and risk management in AML, roles and responsibilities in AML compliance, and regulatory frameworks and sanctions lists.