Financial Crime World

AML Training Courses Now Available in Philippines: Comprehensive Approach to Anti-Money Laundering Act

The Philippines has taken a significant step forward in combating money laundering and terrorist financing by introducing comprehensive AML training courses for individuals, particularly those who are required by the Anti-Money Laundering Council (AMLC) to take this course.

Course Overview

The AML/CTF Complete Course is designed to provide essential knowledge to Covered Persons regarding the key components of the Anti-Money Laundering Act (AMLA). The course covers advanced concepts and key information, enabling individuals to protect themselves and their businesses from potential money laundering and terrorist financing crimes.

Course Features

  • No prerequisites required: Learners can complete this course in approximately five hours, including learning checks and a final exam.
  • Lifetime access: Upon enrollment, learners will gain access to all modules for a full year, with free content updates throughout the subscription period to reflect amendments to the law and issuances from the AMLC.

Course Modules

The course is divided into eight modules, covering topics such as:

  • AML/CTF key concepts: Understanding the basics of anti-money laundering and combating the financing of terrorism.
  • Updated AML rules and regulations: Staying up-to-date with the latest laws and regulations.
  • Guidelines on identifying beneficial ownership: Understanding how to identify the ultimate beneficial owner of a company or entity.
  • Money laundering/terrorist financing risk assessment system: Identifying and assessing risks related to money laundering and terrorist financing.

Additionally, learners will gain insights on:

  • Continuous AML/CTF training: The importance of ongoing training in anti-money laundering and combating the financing of terrorism.
  • Implementing AML know-your-customer procedures: Understanding customer due diligence and how to prevent illicit activities.

2024 Course Updates

The 2024 version of the course features several improvements, including:

  • Improved playback speed feature: Learners can adjust the playback speed to suit their learning style.
  • New topic overview slides: Clear and concise summaries of each module’s content.
  • Additional Financial Action Task Force (FATF) content: Insights from the global anti-money laundering organization.
  • Deep dive definitions of key terms and concepts related to AML/CTF compliance: Comprehensive explanations of complex terminology.

Enroll Today

Don’t miss out on this opportunity to gain the knowledge and skills necessary to navigate the complex landscape of anti-money laundering and combating the financing of terrorism. Enroll in this course today and take the first step towards AML/CTF compliance!