About this course
Money laundering and terrorism financing pose significant risks to the global financial system. This course equips you with the essential knowledge to recognize, prevent, and report suspicious financial activities in alignment with compliance and regulatory expectations. Designed for professionals in banking, insurance, and financial services, this course introduces the concept of money laundering, explains its three critical stages, and highlights the key components of AML/CFT (Combating the Financing of Terrorism) programs, including regulatory oversight by bodies like IRDAI. Using real-world examples, interactive activities, and a final assessment, you will gain a practical understanding of compliance requirements and the importance of robust KYC practices in protecting the financial ecosystem. By the end of this course, you will be able to: 1. State the concept and importance of anti-money laundering 2. Explain the three key stages of money laundering 3. Understand the purpose and structure of AML/CFT programs 4. Recognize the regulatory role of IRDAI in AML compliance 5. Acknowledge the significance of KYC as a first line of defense You must complete the final assessment to earn your participation certificate & badge.