An online self-pace course powered by Fintelligence.

Learning content

The topic of compliance and anti-money laundering deals with the functions and
organization of compliance, the rules on money laundering and the diligence
requirements for its prevention.
This involves in particular the obligations to identify the client, the beneficial owner and
the controlling person. In addition, business relationships and transactions with increased risk are explained in detail.

Target Audience

Asset managers, portfolio managers, investment analysts, traders, market specialists,
treasury managers, client advisors, product specialists, compliance specialists, legal
specialists.

Learning agenda and time 

1. Compliance awareness (15 minutes)
2. Concept and rules (15 minutes)
3. Due diligence (15 minutes)
4. Obligations of identification (25 minutes)
5. Increased risks (15 minutes)
6. Learning control (15 minutes)

Learning goals for

'Compliance awareness'
After studying this module, you will:

• know how compliance is understood to be,
• understand the difference between the duties of compliance and the legal
  department,
• be sensitized to the fact that all business activities of a bank and its employees
  can only be carried out within the framework of the national legal system and
  international guidelines,
• have an overview of what sanctions can be imposed in the context of regulator’s
  enforcement proceedings or criminal proceedings if a bank is non-compliant.

'Concept and rules'
After studying this module, you will

• know about the process and phases of money laundering,
• understand how combating money laundering has developed and its expansion
  to combating terrorist financing and qualified tax offences,
• know about the legal consequences of money laundering and its predicate
  offences, in particular, bribery of officials and political dignitaries, but also
  about severe offences against property (e.g., fraud, robbery, extortion), and
  aggravated tax misdemeanors,
• gain an understanding of the international dimension of the fight against money
  laundering, terrorist financing and corruption and the work of the standard
  setters (GAFI/FATF, OECD and Transparency International).

'Due diligence'
After completing this module:

• you will understand who a financial intermediary is and under what circumstances
  they are subject to the obligations of the anti money laundering regulations,
• you know the due diligence obligations of the financial intermediaries according
  to anti money laundering regulations,
• you know, in particular, about the identification obligations at the start of the
  agreement and the monitoring obligations during the ongoing agreement
  relationships,
• you know the concept of risk-based monitoring,
• you know what you need to do in the event of suspected money laundering.

'Obligations of identification'
After studying this module, you will:

• know the rules and principles of money laundering prevention,
• know what must be considered when entering into client relationships with private
  individuals and legal entities/partnerships,
• are aware of what needs to be taken into account for continued client
  relationships.
• learn, in particular, how you correctly identify clients (e.g. contracting parties) as
  well as determine the beneficial owner and the controlling person.

'Increased risks'
After studying this module, you will:

• know how to conduct the risk classification of business relationships or transactions as normal risk and increased risk,
• understand the consequences of risk categorization of clients, beneficial owners
  and controlling persons and how to act appropriately,
• know under what circumstances you involve compliance or other parties.

Method 

Self-study via interactive e-learning module with discoverable content and videos plus final learning control via online test.

Learning control

Your online self-control test consists of 15 to 20 multiple choice questions. You will pass the test if you reach at least 70% of the maximum score.

Period of access
12 months from the registration and account creation.

Accreditation

You will receive CPD hours from CISI related to the number of training hours.

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