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Preparation Course Certified Anti-Money Laundering Specialist (CAMS)®

Course Overview Compliance Alert presents the Certified Anti- Money Laundering Specialist (CAMS®) accredited by the Association of Certified Anti-Money Laundering Specialists (ACAMS) which is based in the United States of America. 1. About the Certified Anti- Money Laundering Specialist (CAMS®)Recognized worldwide by employers in both the private and government sectors and acknowledged by regulators, examiners, and law enforcement, the CAMS credential denotes proven knowledge in the detection and prevention of money laundering and positions certified AML professionals as leaders in the industry. CAMS educates professionals in private and government organizations about the strategies and practices required to meet the international standards of the detection and prevention of money laundering and terrorist financing, qualifying them to work in a wide range of different professional organizations such as banks, government regulators and law enforcement agencies, as well as in financial and non-financial institutions that need the services of well qualified compliance professionals.2. Certifying BodyThe Association of Certified Anti-Money Laundering Specialists (ACAMS) is based in the United States of America. ACAMS is the premier organization for training and qualifying AML/CFT professionals to obtain the Certified Anti-Money Laundering Specialist (CAMS) credential – the most respected certification in the industry.3. CAMS® Course OverviewThe Certified Anti- Money Laundering Specialist (CAMS®) is a rigorous program designed primarily for individuals seeking certification as a Certified Anti- Money Laundering Specialist from the Association of Certified Anti-Money Laundering Specialists (ACAMS). This strategic course supports career advancement by building confidence for managing anti-money laundering challenges and practices.  Anti Money Laundering (AML)  Compliance has emerged as a specialized field and AML professionals are in good demand in the financial industry. This advanced program will benefit professionals who wish to pursue a career in AML Compliance or are already involved in AML compliance in a junior role.  The program covers a detailed view on Money Laundering as a crime, the different regulations, the various aspects of an AML Compliance Program and the procedures to be followed for AML investigations. This program also prepares a candidate for the CAMS certification, which is the most sought after international credential for AML professionals. Course Objectives This review course is designed to enable you to: • Understand money laundering and its practices.• Understand how to structure an effective system form combating AML.• Procedures to be taken by financial institutions.• Reporting suspicious activities.• Competent authorizes and its resources  Who Should Attend This Course?  • Professional desiring to prepare for the CAMS exam• Professionals working in AML• All employees in banks ad financial institutions• Managers and employees of regulatory compliance  Target Audience Bank staff in compliance/audit functions Consultants in ERM practice who intend to specialize in AML area BPO/KPO employees who perform research, investigations, core AML processesKey Benefits Improved knowledge that can be directly applied on the job Enhanced workplace performance Career progressionCourse OutlineCompliance Alert delivers the Certified Anti-Money Laundering Specialist (CAMS) review program in the MENA Countries and Asia using a curriculum approved by the Association of Certified Anti-Money Laundering Specialists (ACAMS).Outline  Definition and Methods of Money Laundering Money Laundering Cycle Consequences Methods of Money Laundering Terrorist Financing Compliance Standards and Regulations covering different legislations FATF & Regional Task forces Basel Committee EU  & US Design and Elements of Anti Money Laundering (AML) Compliance Program Risk Assessment Key elements of Anti Money Laundering (AML) Compliance program Customer Due Diligence Suspicious Activity Monitoring Case Management Compliance Reporting Combating Money Laundering Conducting Investigation Red flags Electronic AML solutions AML cooperation between countriesThe CAMS curriculum contains four modules: • Module I – Risk Methods of Money Laundering and Terrorist Financing• Module II – International Compliance Standards for AML/CFT• Module III- Anti- Money Laundering Compliance Program• Module IV- Conducting & Supporting Investigations Processes• Module V- Practice Questions for Certification Examination  Program Delivery ‘Live’ lectures through our online learning platform High quality course manuals, supporting learning materials Case studies based to simulate real life experience Quizzes and question bank to help prepare for certification exams  CAMS® is a registered trademarks of Association of Certified Anti-Money Laundering Specialists®. For details visit ACAMS website.Certified Anti-Money Laundering Specialist (CAMS) Course Outline The topics covered in the CAMS exam are: Topic 1: Risks and methods of money laundering and terrorism financing (26%)ACAMS Reference: Risks and Methods of Money Laundering and Terrorist Financing, Real money laundering risk in life insurance1.1 Identify the risks to individuals for violations of AML laws.1.2 Identify the risks to institutions for violations of AML laws.1.3 Identify the economic and social consequences of money laundering.1.4 Identify the purpose of sanctions being imposed (e.g., OFAC, UN, EU).1.5 Identify methods to finance terrorism.1.6 Identify methods to launder money used in banks and other deposit taking institutions.1.7 Identify methods to launder money used in insurance companies.1.8 Identify methods to launder money using brokerdealers, investment advisors, and the capital markets (e.g., securities, futures).1.9 Identify methods to launder money used in gaming (e.g., casinos).1.10. Identify methods to launder money used in dealers of precious metal or high-value items.1.11 Identify methods to launder money used in real estate.1.12 Identify methods to launder money used in bureaux de change and money services businesses.1.13 Identify methods to launder money used by lawyers, notaries, accountants, and auditors.1.14 Given a scenario about trust and company service providers, identify the red flags that indicate laundering or financing terrorism.1.15 Given a scenario about emerging risks associated with technology as an enabler of money laundering or financing terrorism, identify the red flags.1.16 Given a scenario about banks and other deposit-taking institutions, identify the red flags that indicate money laundering or financing terrorism.1.17 Given a scenario about insurance companies, identify the red flags that indicate money laundering or financing terrorism.1.18 Given a scenario about broker-dealers, investment advisors, and the capital markets (e.g., securities, futures), identify the red flags that indicate money laundering or financing terrorism.1.19 Given a scenario about gaming (e.g., casinos), identify the red flags that indicate money laundering or financing terrorism.1.20. Given a scenario about dealers of precious metal dealers and high-value items, identify the red flags that indicate money laundering or financing terrorism.1.21 Given a scenario about dealers of real estate, identify the red flags that indicate money laundering or financing terrorism.1.22 Given a scenario about bureaux de change and money services businesses, identify the red flags that indicate money laundering or financing terrorism.1.23 Given a scenario about lawyers, notaries, accountants, and auditors, identify the red flags that indicate money laundering or financing terrorism.1.24 Given a scenario, identify the red flags that indicate human trafficking.1.25 Given a scenario about financial transactions that offer anonymity, identify the red flags that indicate money laundering or financing terrorism.1.26 Given a scenario about lack of transparency of ownership (e.g., shell companies, trusts), identify the red flags that indicate money laundering or financing terrorism.1.27 Given a scenario about moving money, identify the red flags that indicate money laundering or financing terrorism could be occurring.1.28 Given a scenario involving commercial transactions, identify the red flags that indicate how trade-based money laundering could be occurringTopic 2: Compliance standards for anti-money laundering and combating the financing of terrorism (CFT) (25%)ACAMS Reference: Compliance Standards for Anti-Money Laundering and Combating the Financing of Terrorism2.1 Identify the key aspects of the FATF 40 Recommendations.2.2 Identify the process that FATF uses to raise awareness of certain jurisdictions with lax AML controls.2.3 Identify key aspects of BASEL Committee Customer Due Diligence Principles.2.4 Identify key aspects of the Wolfsberg Group’s AML Principles as they relate to private banking.2.5 Identify key aspects of the Wolfsberg Group’s AML Principles as they relate to correspondent banking.2.6 Identify the key aspects of the EU Directives on money laundering.2.7 Identify key aspects of the USA PATRIOT Act that have extraterritorial reach.2.8 Identify key aspects of OFAC sanctions that have extraterritorial reach.2.9 Given a scenario involving a non-US financial institution, identify the extraterritorial impact of the USA PATRIOT Act.2.10. Identify the key roles of regional FATF-style bodies.2.11 Identify the key objectives of the Egmont GroupTopic 3: Anti-money laundering (AML), CFT and sanctions compliance programs (28%)ACAMS Reference: Anti-Money Laundering Compliance Program, BSA/AML and Sanctions Risk Assessments, Implementing an effective AML system3.1 Identify the components of an institution-wide risk assessment.3.2 Given a scenario with unmitigated risks, identify the appropriate course of action that should be taken.3.3 Given a scenario of institution-wide controls, record-keeping requirements and other mitigating factors, identify how these components should be applied.3.4 Given a scenario, identify the key aspects of delivering targeted training for different audiences and job functions.3.5 Given a scenario, identify key components of an AML training program.3.6 Identify the roles senior management and the board of directors play in how an institution addresses AML oversight.3.7 Given a scenario, identify the roles senior management and board of directors play in how the institution addresses AML governance.3.8 Given a scenario, identify how customer onboarding should be implemented for the institution.3.9 Given a scenario, identify areas to increase the efficiency and accuracy of automated AML tools.3.10. Given a scenario, identify customers and potential employees that would warrant enhanced due diligence.3.11 Given a scenario, identify the steps that should be followed to trace funds through a financial institution.3.12 Given a scenario including general client behavior, identify the suspicious behavior.3.13 Given a scenario including some suspicious client behavior, identify how the institution should respond to these behaviors.3.14 Given a scenario, identify the red flags and pressures (internal and external) with obscuring wire transfer information (e.g., beneficiary, originator).3.15 Given a scenario, identify red flags associated with transactions or use of accounts (e.g., cash transactions, non-cash deposits, wire transfers, credit transactions, trade financing, investment activity).3.16 Given a scenario including red flags associated with transactions or account activity, identify how the institution should respond to the red flags.3.17 Given a scenario including red flags associated with employee activity, identify how the institution should respond to the suspicious activity.3.18 Given a scenario, identify situations in which the SAR/STR should be filed.3.19 Given a scenario, identify how the SAR/ STR information in the documents should be protected.3.20. Given a scenario, identify how to respond to law enforcement/governmental requests.3.21 Given a scenario about an institution operating with multiple lines of business and/or in multiple jurisdictions, identify the important aspects of implementing an enterprise-wide approach to managing money laundering risk.3.22 Given a scenario, identify appropriate steps to take to comply with sanctions requirements.3.23 Identify sources for maintaining up-to-date sanctions lists.3.24 Given a scenario about a relationship with a PEP, identify the appropriate steps to mitigate the risk.3.25 Given a scenario, identify internal and external factors that can cause a reassessment of the current AML program.3.26 Given a scenario, identify when and how to implement necessary program changes (e.g., policy/procedure change, enhanced training).3.27 Given a scenario, identify the process to assess the money laundering and sanctions risk associated with new products and services.3.28 Given a scenario, identify internal or external factors that should be escalated to management and/or the board of directors.3.29 Given a scenario, identify how to respond to AML audit findings and/or regulator findings.3.30. Given a scenario, identify the importance of ensuring the independence of an audit of the AML program.3.31 Given a scenario, identify an appropriate risk-based approach to AML audits.Topic 4: Conducting or supporting investigations process (21%)ACAMS Reference: Conducting and Responding to Investigations4.1 Given a scenario about a high profile SAR/STR, identify how to report it to management/board of directors.4.2 Given a scenario, identify the appropriate manner to report a SAR/STR to authorities.4.3 Identify how to maintain and secure all supporting documentation used to identify suspicious activity.4.4 Given a scenario, identify factors that indicate an institution should exit a relationship due to excessive money laundering risk.4.5 Given a scenario, identify factors that should be considered to keep an account open based on a law enforcement agency request.4.6 Given a scenario with an institution conducting an investigation of a customer, identify the areas and/or records it should examine.4.7 Given a scenario with a regulatory or law enforcement agency conducting an investigation of an institution’s customer, identify the additional steps the institution should take.4.8 Given a scenario with an institution being investigated by a regulatory or law enforcement agency, identify actions the institution should take.4.9 Identify the factors that must be considered before institutions share customer-related information across and within the same jurisdiction.4.10. Given a scenario involving a senior level employee engaged in potentially suspicious behavior, identify how address a potential AML situation (e.g., board member, CEO).4.11 Identify appropriate techniques that can be used for interviewing potential parties involved in an AML event.4.12 Given a scenario, identify the available public source data and other sources that can be used in an investigation.4.13 Identify the methods that law enforcement agencies may use to request information from an institution.4.14 Identify the types of information law enforcement agencies typically ask for from institutions during investigations.4.15 Identify how authorities (e.g., FIUs, central banks, governments, regulatory bodies) can cooperate and provide assistance when conducting crossborder money laundering investigations.4.16 Identify what a government FIU does and how it interacts with the public and private sectors.4.17 Identify the role of strict safeguards on privacy and data protection in AML investigations.Reference: CAMS Exam HandbookExam Policies The candidate who is preparing for the Certified Anti-Money Laundering Specialist (CAMS) exam should view the ACAMS policies and standard of conducts. These include the policies regarding membership, cancellation, certifications, substitution, seminars, webinars, rescheduling etc. Course Detail No. of Sessions : 4 SessionsCourse Dates : To be announced Course Timing : 5:00 – 9:00 pmCourse Language : Arabic/English/FrenchFor EnquiryEmail: info@calert.org Email: nakib.ba@calert.org What’s Lebanon: +961 3 31 35 92What’s Qatar: +974 6615 1040


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  • Bachir El Nakib Approved ACAMS Instructor
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