AML/CFT Course

Money Laundering Definition → Stages of Money Laundering → Terrorism Financing – Definition & Stages → Overview, Implementation Tools & Objectives → Cost of Non-Compilance →

FATF and FATF Style Regional Bodies → Mutual Evaluation → 40 FATF Recommendation → 11 Immediate Outcomes → High Risk Jurisdictions → Nepal’s Mutual Evaluation → Overview of Legal & Institutional Setup → Key Stakeholders: Reporting Entities, FIU, LEAs → Penal Provisions →

Customer Due Diligence Focus Area → Understanding Customer Relationships → Importance and Benefits → Regulatory and Business → FATF Recommendation 10 → Session Assessment →

Customer Identification Part 1 → Customer Identification Part 2 → Customer Identification Part 3 → Customer Identification and Verification → Customer Profiling → Customer Acceptance → Recommended Action → Risk Rating → Periodic Due Diligence and Monitoring → Record Keeping → Simplified Due Diligence → Enhanced Due Diligence → Ongoing Due Diligence →

PEP I → PEP II → Penal Provision →

3.1 Background → 3.2 Control through ownership → 3.3 Scenario I → 3.4 Scenario II → 3.5 Scenario II → 3.6 Complex Ownership → 3.7 Other Means of Control → 3.8 Continious Monitoring → 3.9 Regulatory Requirements → 3.10 Fines and Penalties →

Basics → SAR/STR Key Concept → Purpose of STR/SAR → Attempted Transaction → Quiz SAR/STR →

FATF Recommendation → Regulatory Requirement → Predicate Offence → Quiz Predicate offence →

Internal Sources → External Sources → Red Flags →

Red Flags at Front Desk → Vigilance for CSD staffs → Red Flag of Teller Transaction → Safe Deposit Locker → Wire Transfer → Digital Transaction → TBML → Loan Monitoring → Corporate and Business Transaction → Weapon of Mass Destruction → ML involving Employees →

Consolidated Transaction Monitoring → Drafting of STR → Content of STR →

TTR Reporting Process → Roles of TTR in Risk Based Monitoring → Various Recommendation regarding TTR reporting → Types of TTR & Thresholds Set for Reporting →

Exempted Reporting → Reporting Elements & Data Requirement → goAML Reporting System → Legal Consequences and Enforcement →

Parties involved in Cross Border Transaction and it’s importance → Stakeholders of Cross Border Transaction → FATF 13 and International Framework → Key Risk Area → De-risking → De Risking Possible Impacts → Balancing Risk Management vs Relationship Management → AML/CFT obligation → Enhanced due diligence for Foreign Banking Relationships → Importance of Sanction screening → Vessel Screening →

Compliance program and objectives → RBA → EWRA → Documentation and review of RBA Framework →

Policies, Procedures, SOPs → Escalation Matrix → Documentation and Audit → Compliance Testing → Training Awareness →