Elements of an Effective AML/CFT Training Program

Elements of an Effective AML/CFT Training Program

The Prevention of Money Laundering Act, 2002 (PMLA) obligates the regulated entities to provide adequate AML training to all its employees, including the company’s senior management. 

Even after creating a well-designed AML/CFT framework and investing in AML Technology, it’s necessary to promote a strong sense of AML compliance culture amongst the staff that comes from comprehensive AML/CFT training,

AML/CFT training creates awareness regarding anti-money laundering measures and the roles and responsibilities of the employees towards AML regulatory obligations.

To seek employee contribution in fighting financial crimes, an AML/CFT training program must cover all aspects of anti-money laundering necessary to smoothly implement internal AML/CFT policies, procedures, and controls. To help you with this, here is your ready reckoner, an infographic containing all the elements of an effective AML/CFT training program.  

Not just designing the AML/CFT training program, AML India also imparts comprehensive AML/CFT training to the regulated entity’s AML Principal Officer and the team, including senior management covering all the necessary aspects. Our training programs are tailored to your industry and business model, ensuring that your staff understands the practical implementation of the AML framework during day-to-day AML compliance activities. 

We are committed to assisting proper enforcement of AML and CFT regulations to regulated entities in India by designing a personalised AML framework – policies, internal controls, and procedures – and ensuring effective implementation of the same.

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