Fintelekt provides industry-reviewed, high-quality, practical and cost-effective online courses, which help banks and financial institutions reduce risk, improve staff awareness and drive a culture of risk awareness, in a sustainable manner.
AML/CFT compliance is not only the responsibility of the AML compliance team, but of the entire organisation. Building the right AML/CFT governance framework can help the organisation inculcate the right culture and a risk-based approach to business. The Fintelekt Certificate Course on AML/CFT Governance comprehensively covers the aspects involved, the various pillars of a robust AML/CFT governance framework and balancing business and compliance priorities.
The Fintelekt Certificate Course on Ultimate Beneficial Ownership covers international norms, associated risks and practical approaches around UBO verification and identification.
The test of a good transactions monitoring programme lies in the quality and timeliness of the Suspicious Transaction Report. The Fintelekt Certificate Course in Transactions Monitoring is especially aimed at staff involved in handling alerts, implementing red flag indicators and investigating suspicious transactions with the objective to improve the understanding of nuances involved in transactions monitoring and improving the quality of reporting.
The Fintelekt Certificate Course on AML Risks in Correspondent Banking risks addresses the unique money laundering risks in global correspondent banking relationships and provides a practical approach to managing and mitigating the risk factors.
The Fintelekt Certificate Course on Interacting with Regulators and Law Enforcement Agencies covers the practical aspects of the relationship between the AML regulator and LEAs involved in AML/CFT and the bank or financial institution, the skillsets involved in responding to queries or situations, and maintaining a healthy and proactive image of the bank.
The Fintelekt Certificate Course in Countering the Financing of Terrorism (CFT) provides an overview of the key trends, international norms and different typologies related to financing of terrorism including case studies and practical aspects of identifying and preventing terror-financing.
Trade transactions involve a lot of complexity, which is exploited by criminals for money laundering and terrorism financing. Alongside robust processes and technology, a well qualified and up-to-date team is a key requirement to counter trade based money laundering for a bank. The Fintelekt Course on Trade Based Money Laundering will help bankers understand the subject, the extent of the problem, the different typologies and the prevention and mitigation strategies available to bankers.
The complexity in sanctions, and with it the number and volume of monetary penalties has made the area of sanctions compliance a growing concern for banks and financial institutions. Institutions that do not incorporate a comprehensive sanctions programme run the risk of detection and penalties, loss of correspondent banking relationships, legal costs and reputational damage. The Fintelekt Certificate on Economic Sanctions enables banks to provide training to relevant staff members on economic sanctions and is a necessary component of a robust sanctions compliance programme.