Training

Effective training on Anti-Money Laundering (AML), Countering Terrorism Financing, and Countering Proliferation Financing (CPF) is essential for building awareness, knowledge, and skills to prevent financial crime and ensure your institution’s compliance with legal and regulatory requirements. It is an ongoing process that should be regularly updated to address new threats and developments in the field.

Finovate Research Consulting consultants will conduct training based on the risks identified in your institution’s AML, CTF and CPF framework. The training will be role specific hence tailored to the roles and responsibilities of participants within the organisation. The three basic training levels are;

● Board training

This training is designed to enlighten the board on its roles and responsibilities on AML/CFT/CPF matters and ascertain that the tone is set right from the top. A buy-in from the board ensures that your firm is in a position to develop and implement measures that mitigate the firm’s ML/TF/PF risks exposure.

● Senior management training

This training is customised to equip the senior management with the knowledge and skills to implement and oversee the application of the board approved policies and procedures in your institution.

● Staff training

This training breaks down the policies, procedures and controls of your institution while linking them to the laws and regulations on AML/CFT/CPF. This ensures that your staff are not only aware of their obligations but also on how to operationalize your institution’s policies and procedures in accordance with the country's laws and regulations.

The training conducted will cover the following depending on your firm’s needs;

1. Legal and Regulatory Framework.
2. Trends, typologies and indicators of Money Laundering, Terrorist Financing, and Proliferation Financing.
3. Customer Due Diligence (CDD).
4. Enhanced Due Diligence (EDD).
5. Transaction Monitoring and Reporting.
6. Sanctions Compliance.
7. Emerging Risks and Trends.