AML Training
AML Training Services
You may get the AML/CFT framework designed and invest in the best of the AML technology, but it is of no use unless you have well-trained and competent manpower to effectively implement this AML framework or optimally use the AML software.
Employees must know the importance of AML compliance to protect the operations from money laundering risks and understand the consequences of non-compliance to AML requirements. They must learn to shoulder new responsibilities, use new software, and become more responsible towards identifying money laundering risks.
Further, the Prevention of Money Laundering Act, 2002 (PMLA) also mandates the regulated entities to ensure adequate AML training for its employee to implement the AML laws effectively.
That is why AML training is essential for employees. It creates awareness amongst the staff and makes them more skilled and competent from an AML perspective. Only with a well-trained AML team can you implement your AML/CFT frameworks and policies more effectively.
AML India helps you with this AML training requirement.
Further, the Prevention of Money Laundering Act, 2002 (PMLA) also mandates the regulated entities to ensure adequate AML training for its employee to implement the AML laws effectively.
That is why AML training is essential for employees. It creates awareness amongst the staff and makes them more skilled and competent from an AML perspective. Only with a well-trained AML team can you implement your AML/CFT frameworks and policies more effectively.
AML India helps you with this AML training requirement.
Use AML India’s training programs to develop your employees’ skills, expertise, and knowledge.
AML India’s comprehensive AML training program
AML India is a leading AML compliance consultant in India. We provide customized training to our client’s employees to help them perform AML-specific tasks and activities efficiently.
We conduct AML training programs covering the following topics, tailor-made to your business:
Awareness of AML laws
We help you comprehend the provisions of all the AML laws, regulations, rules, guidelines, circulars, and notifications from the government or the regulatory authority. It helps you to know your AML obligations.
Risk assessment
We train your AML Compliance Team on the different risks and their impact on the business. Awareness about the types of risk you are vulnerable to is necessary to frame an AML compliance program proportionate to identified risks.
Customer Due Diligence and Transaction Monitoring
We train your employees on the customer onboarding process, highlighting the aspects around KYC, customer risk assessment, screening, etc. We help them identify situations where Enhanced Due Diligence is required and those where simplified due diligence is enough.
We also discuss the ongoing transaction monitoring program, rules and methods.
Suspicious transaction reporting
Reporting suspicious transactions to authorities is a crucial requirement under AML regulations.
We train your employees on identifying suspicious transactions and procedures to report the same internally and externally to the authorities promptly. We also cover discussions on how to fill these reports with complete and accurate data.
AML Record keeping
Every entity must maintain records of suspicious transaction reports, risk assessments, and customer files. We create awareness amongst your team on managing the AML documents accurately.
Key differentiators of AML India’s training module
- Experienced consultants (various sectors, various countries)
- Internationally certified professionals
- Customized training sessions
- Case studies and interactive sessions
- Team updated with the latest trends and topics in AML and CFT compliance programs
