Fundamentals of Risk Based Approach (RBA) to Anti Money Laundering
Overview
The risk-based approach (RBA) is central to the effective implementation of the Financial Action Task Force (FATF) recommendations. This means that supervisors, financial institutions, and intermediaries should be able to identify, assess, and understand the risks related to money laundering and terrorist financing to which they are exposed, and implement the most appropriate mitigation measures.
This course includes a general presentation of the RBA and provides specific guidance using risk criteria such as country or geographic risk, customer risk, and product or service risk. In addition, examples of risk factors under each of these categories are provided.
As part of this programme, you will receive one year of free membership to AGRC.
Course Content
- Risk Assessment for Money Laundering (ML)
- Risk-Based Approach (RBA)
- Assessing and Managing the ML/TF Risk
- Simplified and Enhanced Due Diligence Measures
- AML Case Studies
- And plenty more!
Training Duration & Method
Training Duration
This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.
Training Method
The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.
At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.
Who Should Enroll
This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.
Accreditation & CPD Recognition
This programme has been developed by the Association of Governance, Risk & Compliance (AGRC), a globally recognised GRC certification organization and network.
The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.
Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.