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AML Training for Financial Professionals in Malawi
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In a bid to strengthen financial institutions’ compliance with anti-money laundering (AML) regulations, Skills For Africa Training Institute has launched an AML training course specifically designed for board members and senior management of financial institutions in Malawi.
Course Objectives
The training program aims to equip participants with a comprehensive understanding of the AML Risk Control Framework, enabling them to effectively exercise their oversight responsibilities. The five pillars of AML compliance will be covered:
- Establishing a culture of compliance
- Written policies and procedures
- Designated BSA compliance officers
- Employee training programs
- Independent testing of BSA/AML programs
Course Content
The course will also cover topics such as:
- Cooperating with law enforcement
- Investigations initiated by financial institutions and law enforcement agencies
- International cooperation
- The cost of compliance
Participants will learn how to identify vulnerabilities to money laundering, tighten controls, and respond to compliance failures.
Benefits for Board Members
Board members who participate in this course can benefit from:
- Enhanced personal liability protection
- Improved governance
- Better risk management practices
The training is designed to be practical and interactive, with a mix of theory, group works, case studies, and real-life examples.
Course Details
The 10-day course will be conducted at Skills For Africa Training Institute and is open to:
- Board members
- Senior management
- Compliance personnel
- Legal teams
- Designated directors/compliance officers of financial institutions in Malawi
The training fee covers tuition fees, training materials, lunch, and training venue.
Registration Information
For more information or to register for the course, please contact:
“We believe that this training program will significantly enhance the AML capabilities of financial institutions in Malawi, ultimately contributing to a safer and more stable financial system,” said a spokesperson for Skills For Africa Training Institute.