Certified Anti Money Laundering Specialist [CAMLS]-Self Paced

The Certified Anti-Money Laundering Specialist (CAMLS) program is designed to provide professionals with a comprehensive understanding of the methods, strategies, and regulations related to preventing money laundering and terrorist financing. Money laundering is one of the most significant challenges facing financial institutions and regulatory bodies worldwide. The consequences of inadequate anti-money laundering (AML) measures can include legal penalties, reputational damage, and financial loss.
This program covers the key elements of AML compliance, including understanding financial crimes, identifying suspicious activities, legal and regulatory requirements, customer due diligence, and monitoring and reporting obligations. Participants will learn how to implement risk-based approaches, establish internal controls, and design effective compliance programs.
Through a combination of theoretical knowledge, real-world case studies, and practical exercises, participants will develop the skills needed to assess and mitigate AML risks, meet international compliance standards, and protect their organizations from financial crime. Upon completion, participants will have the expertise to lead AML compliance efforts and ensure financial integrity.

By the end of this program, participants will be able to:
- Understand the Nature of Money Laundering and Terrorist Financing – Develop a deep understanding of how money laundering and terrorist financing operations work.
- Implement Effective AML and Compliance Programs – Learn how to design and implement AML policies, procedures, and controls.
- Analyze Legal and Regulatory Requirements – Gain knowledge of international AML laws and regulations.
- Adopt a Risk-Based Approach to AML – Learn how to assess and mitigate financial crime risks based on customer and transaction profiles.
- Monitor and Report Suspicious Activities – Develop the ability to identify, analyze, and report suspicious transactions.
- Manage AML Compliance in Financial and Non-Financial Sectors – Learn how to apply AML strategies across different industries.
- Conduct Customer Due Diligence (CDD) and KYC – Develop methods to verify customer identity and assess risk levels.
- Apply Technology in AML Programs – Understand the role of fintech and digital identity in combating financial crime.
- Evaluate Internal Controls and Compliance Structures – Learn how to establish and assess internal controls for AML compliance.
- Conduct Compliance Examinations and Risk Reviews – Develop the skills to evaluate the effectiveness of AML programs and recommend improvements.

M-1: Understanding Money Laundering & Terrorist Financing

M-2 Anti Money Laundering and Combating Terrorist Financing in Practice; M-3 Anti-Money Laundering and Combating Terrorist Financing – Legal and Regulatory Structures

M-4: Risk based Approach and Compliance Monitoring; M-5: Fintech & The Evolution of Money and Financial Crime

Pre-Course Assignment

M-6: Money Laundering In Financial & Nonfinancial Sectors; M-7: Compliance Program, Monitoring, & Examinations

M-8: Role of Correspondent Banking; M-9: Internal Controls and Structure In Banks; M-10: Customer Risk Categorization (CRC)

M-11: Reporting Obligations & Transaction Monitoring; M-12: Know Your Customer & Its International Context

M-13: Customer Onboarding Requirements; M-14: KYC - Operating Guidelines; M-15: Customer Onboarding and Digital Identity

17 Practical Focus Module
Post Completion:
- Electronic Certificate
- Digital Badge via Credly.com
- Printed Certificate available

AML Compliance Framework

Proficiency in developing and implementing AML policies and procedures.

Risk-Based Approach

Skill in assessing and mitigating financial crime risks.

Customer Due Diligence (CDD) and KYC

Competence in verifying customer identity and assessing customer risk levels.

Regulatory Knowledge

Expertise in understanding and applying AML legal and regulatory requirements.

Internal Controls and Compliance Monitoring

Skill in designing and evaluating internal control systems.

Suspicious Transaction Reporting

Competence in monitoring and reporting suspicious activities.

Fintech and Financial Crime Prevention

Knowledge of how to use technology to improve AML effectiveness.

Communication and Stakeholder Engagement

Ability to work with regulators, law enforcement agencies, and financial institutions to combat money laundering.

Upon completing the program, participants will be able to:

Explain the processes and methods used in money laundering and terrorist financing.
Design and implement AML compliance frameworks within financial institutions.
Assess and mitigate AML risks using a risk-based approach.
Ensure compliance with international AML regulations and legal standards.
Develop and implement customer due diligence (CDD) and Know Your Customer (KYC) programs.
Establish internal controls and conduct effective compliance audits.
Monitor and report suspicious activities to regulatory authorities.
Adapt AML strategies to financial and non-financial sectors.
Use fintech and digital solutions to improve AML programs.
Improve customer onboarding processes to align with AML requirements.

Features:

Features:
Duration: 4 Months
Short Video Material: Available
Mode of Learning: Self-Paced

Exam Method:

Number of Online Final Exams: 01
- Number of MCQ Questions: 50
- Exam Duration: 60 Minutes
- Total Marks: 100
- Pass Mark: 70%

Assignment:

Total Assignments: 02
01 Pre-Course Assignment (Learning Purpose)
01 Capstone Projects
- Total Marks: 300
- Pass Mark: 70%

Name: James Mwangi
Designation: Compliance Manager
Country: Kenya
"This course helped me develop an effective AML compliance program and improve monitoring of suspicious transactions."

Name: Abigail Mensah
Designation: AML Officer
Country: Ghana
"Understanding the risk-based approach helped me prioritize high-risk cases and improve efficiency."

Name: David Banda
Designation: Financial Crime Analyst
Country: South Africa
"The fintech and digital identity module gave me the tools to monitor and prevent digital money laundering."

Name: Sarah Okeke
Designation: Regulatory Affairs Manager
Country: Nigeria
"Learning about AML legal structures helped me improve compliance and avoid regulatory fines."

Name: Joseph Kamau
Designation: Risk Manager
Country: Tanzania
"The case studies on international AML cases helped me understand the impact of financial crime on global markets."

Certified Anti Money Laundering Specialist [CAMLS]-Self Paced