New Hire Orientation Certification  AML/CFT Training

New employees are obliged to comply with all applicable laws and regulations for the prevention of money laundering and terrorist financing. Therefore, all new staff of financial institutions have te be trained on AML/CFT Awareness within a certain period after they have started their new job.

Using the highly regarded i-KYC New Hire Orientation training helps organisations to effectively train and test their new hires about correct understanding of the latest AML/CFT risks and trends

Course Overview

The Annual AML/CFT Risk Awareness course will be designed by subject matter experts in close consultation with the client. Together we decide on the topics relevant for the financial institution and the markets that it operates.

Target Audience

 The New Hire Orientation AML/CFT training is designed for new hires that have joined a financial institution.

Training Methodology

The course has been developed using the latest e-learning authoring tools and is informative, interactive and engaging. The course modules end with knowledge checks to assess what the participant has learned. The results of the tests can be saved or printed and can serve as an audit trail for evidence towards the regulator.

Duration

Depending on the number of topics desired, this e-learning course can consist of 3-5 modules which will take approximately 45 -60 minutes to complete, including taking the tests.

Possible Overview Course Content

Module 1: Money Laundering & Terrorism Finance

• Why this topic is important
• Definitions of ML & TF
• The three phases of money laundering: Placement, Layering & Integration
• Terrorist Financing: sources of funds & methods to transfer funds

Module 2: AML/CFT Laws & Regulations

•    AML/CFT Legislations
•    The role of the Compliance department
•    CDD/KYC policies financial institutions
•    ML/TF Red flag

Module 3: Knowledge Check

• Minimum passing score
• Audit trail: evidence of completion
• Certificate of Completion