AML CFT Training – SVG – Corporate College

About Course

A comprehensive Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Training Programme tailored for St. Vincent and the Grenadines. The programme includes assessment questions for all company employees including Board and Committee members. The questions are designed to test knowledge, understanding, and practical application of AML/CFT laws and regulations in St. Vincent and the Grenadines.

Understand the AML/CFT laws and regulations in St. Vincent and the Grenadines.
Recognize the role of the Designated Money Laundering Reporting Officer (MLRO).
Recognize the roles and responsibilities of different levels of staff in preventing money laundering and terrorist financing.
Identify the elements of a successful AML/CFT programme.
Learn the importance of internal policies, procedures, and controls.
Strengthen Know Your Customer (KYC), surveillance, and case management processes.
Identify red flags and suspicious activities.
Implement effective customer due diligence (CDD) and enhanced due diligence (EDD) measures.
Understand the significance of transaction monitoring and reporting of suspicious activity.
Implement effective customer risk rating and sanctions screening.
Develop and maintain an effective employee training program.
Understand document retention requirements and independent testing of the AML compliance program.
Describe the components and requirements of a strong KYC program.
Understand reporting obligations under the Proceeds of Crime Act (POCA) and other relevant legislation.
Learn the importance of transaction monitoring, record-keeping, and risk-based approaches.
Know Your Employees (KYE).

Course Content

Module 1: AML/CFT Laws and Regulations in St. Vincent and the Grenadines
An introduction to POCA, AML/CFT regulations, the FIU’s role, and the legal and reputational risks of non-compliance.

Summary
AML and CFT Laws and Regulations in SVG – PDF
Module 1 Quiz

Module 2: Role of the Designated Money Laundering Reporting Officer (MLRO)
Overview of the MLRO’s duties, FIU reporting responsibilities, and their role as the AML/CFT contact point.

Module 3: Roles and Responsibilities of Staff
Key AML/CFT legal sources including POCA, related regulations, FIU guidelines, and UN sanctions obligations.

Module 4: Elements of a Successful AML/CFT Programme
Core elements of an AML/CFT programme, including policies, controls, training, and independent testing.

Module 5: Internal Policies, Procedures, and Controls
Emphasis on strong internal AML/CFT policies, their components, and the need for regular updates.

Module 6: Strengthening KYC and Risk Based Approaches
Overview of KYC, transaction monitoring, and managing alerts in AML/CFT compliance.

Module 7: Identifying Red Flags and Suspicious Activities
Identifying red flags, recognizing suspicious activities, and understanding reporting procedures.

Module 8: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
Essentials of CDD/EDD, strong KYC practices, and ongoing customer monitoring.

Module 9: Transaction Monitoring and Reporting
Understanding transaction monitoring, spotting suspicious activity, and filing SARs.

Module 10: Customer Risk Rating and Sanctions Screening
Customer risk rating, key risk factors, and sanctions screening responsibilities.

Module 11: Employee Training Program
The role of employee training in AML/CFT, key topics, and delivery methods.

Module 12: Document Retention
Overview of legal obligations for document retention in AML/CFT compliance.

Module 13: Politically Exposed Persons
Understanding PEPs, associated risks, EDD requirements, monitoring, and international regulations.

Module 14: Reporting Obligations Under POCA
FIU reporting obligations, SAR filing, confidentiality, and consequences of non-reporting.

Module 15: Transaction Monitoring
The role of transaction monitoring, record-keeping, risk-based compliance, and industry standards.

Module 16: Record-Keeping
The critical role of record-keeping in AML/CFT compliance.

Module 17: Independent Testing
The purpose of independent testing and key areas for assessment.

Module 18: Know Your Employees (KYE)
The importance of KYE, employee screening, and training in AML/CFT compliance.

Module 19: Surveillance and Case Management
The role of surveillance and transaction monitoring, and case management for alerts and investigations.

Module 20: Compliance Culture and Awareness
Key KYC components, EDD for high-risk customers, compliance culture, and employee awareness.

Course Completion Assessment
This quiz will autostart once selected. You will then have 30 minutes to complete.

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About Course

What Will You Learn?

Course Content

Module 1: AML/CFT Laws and Regulations in St. Vincent and the Grenadines An introduction to POCA, AML/CFT regulations, the FIU’s role, and the legal and reputational risks of non-compliance.

Summary

AML and CFT Laws and Regulations in SVG – PDF

Module 1 Quiz

Module 2: Role of the Designated Money Laundering Reporting Officer (MLRO) Overview of the MLRO’s duties, FIU reporting responsibilities, and their role as the AML/CFT contact point.

Summary

Role of the Designated Money Laundering Reporting Officer (MLRO)

Module 2 Quiz

Module 3: Roles and Responsibilities of Staff Key AML/CFT legal sources including POCA, related regulations, FIU guidelines, and UN sanctions obligations.

Summary

Roles and Responsibilities of Staff

Module 3 Quiz

Module 4: Elements of a Successful AML/CFT Programme Core elements of an AML/CFT programme, including policies, controls, training, and independent testing.

Summary

Elements of a Successful AML/CFT Programme

Module 4 Quiz

Module 5: Internal Policies, Procedures, and Controls Emphasis on strong internal AML/CFT policies, their components, and the need for regular updates.

Summary

Internal Policies, Procedures and Controls

Module 5 Quiz

Module 6: Strengthening KYC and Risk Based Approaches Overview of KYC, transaction monitoring, and managing alerts in AML/CFT compliance.

Summary

Strengthening KYC and Risk Based Approaches

Module 6 Quiz

Module 7: Identifying Red Flags and Suspicious Activities Identifying red flags, recognizing suspicious activities, and understanding reporting procedures.

Summary

Identifying Red Flags and Suspicious Activities

Module 7 Quiz

Module 8: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) Essentials of CDD/EDD, strong KYC practices, and ongoing customer monitoring.

Summary

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

Module 8 Quiz

Module 9: Transaction Monitoring and Reporting Understanding transaction monitoring, spotting suspicious activity, and filing SARs.

Summary

Transaction Monitoring and Reporting

Module 9 Quiz

Module 10: Customer Risk Rating and Sanctions Screening Customer risk rating, key risk factors, and sanctions screening responsibilities.

Summary

Customer Risk Rating and Sanctions Screening

Module 10 Quiz

Module 11: Employee Training Program The role of employee training in AML/CFT, key topics, and delivery methods.

Summary

Employee Training Program

Module 11 Quiz

Module 12: Document Retention Overview of legal obligations for document retention in AML/CFT compliance.

Summary

Document Retention

Module 12 Quiz

Module 13: Politically Exposed Persons Understanding PEPs, associated risks, EDD requirements, monitoring, and international regulations.

Summary

Politically Exposed Persons

Module 13 Quiz

Module 14: Reporting Obligations Under POCA FIU reporting obligations, SAR filing, confidentiality, and consequences of non-reporting.

Summary

Reporting Obligations Under POCA

Module 14 Quiz

Module 15: Transaction Monitoring The role of transaction monitoring, record-keeping, risk-based compliance, and industry standards.

Summary

Transaction Monitoring

Module 15 Quiz

Module 16: Record-Keeping The critical role of record-keeping in AML/CFT compliance.

Summary

Record-Keeping

Module 16 Quiz

Module 17: Independent Testing The purpose of independent testing and key areas for assessment.

Summary

Independent Testing

Module 17 Quiz

Module 18: Know Your Employees (KYE) The importance of KYE, employee screening, and training in AML/CFT compliance.

Summary

Know Your Employees (KYE)

Module 18 Quiz

Module 19: Surveillance and Case Management The role of surveillance and transaction monitoring, and case management for alerts and investigations.

Summary

Surveillance and Case Management

Module 19 Quiz

Module 20: Compliance Culture and Awareness Key KYC components, EDD for high-risk customers, compliance culture, and employee awareness.

Module 1: AML/CFT Laws and Regulations in St. Vincent and the Grenadines
An introduction to POCA, AML/CFT regulations, the FIU’s role, and the legal and reputational risks of non-compliance.

Module 2: Role of the Designated Money Laundering Reporting Officer (MLRO)
Overview of the MLRO’s duties, FIU reporting responsibilities, and their role as the AML/CFT contact point.

Module 3: Roles and Responsibilities of Staff
Key AML/CFT legal sources including POCA, related regulations, FIU guidelines, and UN sanctions obligations.

Module 4: Elements of a Successful AML/CFT Programme
Core elements of an AML/CFT programme, including policies, controls, training, and independent testing.

Module 5: Internal Policies, Procedures, and Controls
Emphasis on strong internal AML/CFT policies, their components, and the need for regular updates.

Module 6: Strengthening KYC and Risk Based Approaches
Overview of KYC, transaction monitoring, and managing alerts in AML/CFT compliance.

Module 7: Identifying Red Flags and Suspicious Activities
Identifying red flags, recognizing suspicious activities, and understanding reporting procedures.

Module 8: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
Essentials of CDD/EDD, strong KYC practices, and ongoing customer monitoring.

Module 9: Transaction Monitoring and Reporting
Understanding transaction monitoring, spotting suspicious activity, and filing SARs.

Module 10: Customer Risk Rating and Sanctions Screening
Customer risk rating, key risk factors, and sanctions screening responsibilities.

Module 11: Employee Training Program
The role of employee training in AML/CFT, key topics, and delivery methods.

Module 12: Document Retention
Overview of legal obligations for document retention in AML/CFT compliance.

Module 13: Politically Exposed Persons
Understanding PEPs, associated risks, EDD requirements, monitoring, and international regulations.

Module 14: Reporting Obligations Under POCA
FIU reporting obligations, SAR filing, confidentiality, and consequences of non-reporting.

Module 15: Transaction Monitoring
The role of transaction monitoring, record-keeping, risk-based compliance, and industry standards.

Module 16: Record-Keeping
The critical role of record-keeping in AML/CFT compliance.

Module 17: Independent Testing
The purpose of independent testing and key areas for assessment.

Module 18: Know Your Employees (KYE)
The importance of KYE, employee screening, and training in AML/CFT compliance.

Module 19: Surveillance and Case Management
The role of surveillance and transaction monitoring, and case management for alerts and investigations.

Module 20: Compliance Culture and Awareness
Key KYC components, EDD for high-risk customers, compliance culture, and employee awareness.

Course Completion Assessment
This quiz will autostart once selected. You will then have 30 minutes to complete.