Financial Crime World

Here is the rewritten article in markdown format:

Comoros Gets Comprehensive AML Compliance Training

Comoros, a small island nation off the coast of East Africa, has taken a crucial step towards combating financial crimes by introducing a comprehensive Anti-Money Laundering (AML) compliance training program. The Certified Anti-Money Laundering Officer (CAMLO) certificate program is designed to equip professionals with advanced knowledge and skills to prevent money laundering and terrorist financing.

Program Overview

The four-to-six week course, offered in English, covers the importance of AML compliance in regular business operations and its impact on society as a whole. Students will gain a legislative overview of global, EU, and national AML frameworks, as well as learn about advanced elements and prerequisites of good AML programs.

Teaching Methods

Throughout the program, participants will be introduced to various teaching methods, including:

  • Case studies
  • Exercises
  • Individual work

The emphasis is on understanding practical applications rather than mere theoretical descriptions.

Topics Covered

The CAMLO certificate program covers a range of topics, including:

  • Money laundering and terrorist financing foundation
  • Best practices for recognizing suspicious indicators
  • Managing AML/CFT risk
  • Concrete money laundering/terrorism financing typologies
  • How to deal with suspicion and file suspicious activity reports

Organizational Prevention Measures

Students will also learn about organizational prevention measures, including:

  • Customer due diligence
  • Know your customer
  • Dealing with indicia for suspicion

Advanced Technologies

The program also acknowledges the importance of advanced technologies, including:

  • Blockchain technology
  • Cryptocurrencies

And explains their role in money laundering and terrorist financing.

Joint Delivery by Renowned Institutions

The program is delivered jointly by the Financial Crime Academy, Swiss School of Business and Management Geneva, and the Faculty of Economics and Business at the University of Zagreb. By completing this course, professionals in Comoros will gain advanced knowledge on AML compliance training.