Course Overview
As you study this Financial Crime Compliance Awareness Programme, you will learn about the key elements that make up the financial crime compliance landscape, be introduced to the risks that financial crime professionals face, establish controls to mitigate these risks, and determine practical steps to reduce exposure to potential financial crime, all specifically tailored to the Kenyan market.
Learning Objectives
Upon completion of this course, you will be able to:
- Understand the current anti-money laundering and financial crime landscapes;
Establish what governance, risk and compliance is and why it is needed; - Describe the nature of money laundering and terrorism financing, and identify risk factors and measures associated with both;
- Know what customer due diligence (CDD) is, what it means and how it is used, whilst understanding the risk-based approach to CDD and how to apply it according to Kenya’s CDD requirements;
Consider the impact of technology and digital upon the compliance landscape; - Determine the anti-money Laundering and Counter-Terrorism Financing (AML/CTF) systems, regulations, and reporting requirements specific to Kenya;
- Recognize what sanctions are, why they are important and the impact of breaching sanctions and describe sanctions control frameworks;
- Understand the causes and consequences of compliance breaches, using real-life case study examples.
