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Quest Training

Anti-Money Laundering (AML) Training Course

Equips professionals to identify, investigate and report suspicious activity through due diligence, transaction monitoring and risk-based AML controls.

CAF · Compliance, AML & Financial CrimeAll Levels#3060ClassroomEnglish , Arabic
Duration
5 Days
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Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Sectors:Finance, Investment & BankingCategories:Compliance, AML & Financial Crime

Course Overview

This course provides a practical understanding of anti-money laundering (AML) principles, regulatory obligations, and the controls organizations need to prevent, detect, and report money laundering activities. Participants examine how criminals attempt to conceal the origins of illicit funds through financial transactions, business structures, trade activities, and the misuse of legitimate financial services. The programme covers customer due diligence (CDD), know-your-customer (KYC) procedures, beneficial ownership identification, customer risk assessment, transaction monitoring, suspicious activity detection, and regulatory reporting. Participants also explore enhanced due diligence (EDD), politically exposed persons (PEPs), sanctions screening, recordkeeping, and the risks associated with correspondent banking, cross-border payments, and trade-based money laundering. Through practical case studies and transaction analysis exercises, participants develop the skills to identify suspicious patterns, investigate alerts, document findings, and apply risk-based controls. The course emphasizes the importance of effective governance, employee awareness, timely escalation, and ongoing monitoring in maintaining a robust AML compliance framework.

Learning Objectives

  • Explain the principles, stages, and methods of money laundering and the purpose of AML controls.
  • Interpret key AML regulatory requirements and the roles of relevant supervisory and enforcement authorities.
  • Apply KYC and CDD procedures to identify customers, beneficial owners, and relevant business relationships.
  • Assess customer and transaction risks using a risk-based approach.
  • Identify suspicious transaction patterns and indicators of potential money laundering.
  • Apply transaction monitoring and alert investigation procedures.
  • Determine when suspicious activities should be escalated and reported in accordance with applicable requirements.
  • Evaluate enhanced due diligence measures for high-risk customers, PEPs, and complex ownership structures.
  • Strengthen internal controls, recordkeeping, and AML governance arrangements.
  • Develop practical recommendations to improve an organization's AML programme and monitoring effectiveness.

Who Should Attend

Compliance officers and AML compliance professionals. Banking professionals working in retail banking, corporate banking, payments, and trade finance. Anti-financial crime specialists and financial crime investigators. Risk managers and enterprise risk management professionals. Internal auditors and internal control specialists. Legal advisers and regulatory affairs professionals. Customer onboarding, KYC, and customer due diligence teams. Transaction monitoring and suspicious activity reporting analysts. Professionals working in fintech, money services businesses, insurance, and investment services. Senior managers responsible for compliance, operational risk, and financial crime prevention.

Learning Outcomes

  • Describe the main stages of money laundering and recognize common laundering techniques.
  • Explain the relationship between AML requirements, customer due diligence, and risk-based compliance.
  • Identify beneficial owners and evaluate complex customer ownership structures.
  • Apply customer risk classification methods and determine appropriate due diligence measures.
  • Recognize suspicious transactions, unusual account activity, and potential money laundering indicators.
  • Review transaction monitoring alerts and determine appropriate investigation steps.
  • Distinguish between routine transactions, unusual activity, and activity requiring further investigation.
  • Document investigation findings and support appropriate escalation and reporting decisions.
  • Evaluate AML controls and identify weaknesses in customer onboarding, monitoring, and recordkeeping.
  • Recommend improvements to AML policies, procedures, training, and monitoring systems.

Course Outline

Day 1

AML Fundamentals, Money Laundering Methods, and Regulatory Frameworks

  • Definition, objectives, and importance of anti-money laundering programmes.
  • The three commonly recognized stages of money laundering: placement, layering, and integration.
  • Common laundering methods involving cash-intensive businesses, shell companies, complex ownership structures, and cross-border transactions.
  • Overview of international AML standards, including the role of the Financial Action Task Force (FATF).
  • Responsibilities of financial institutions, regulated businesses, compliance functions, and relevant authorities.
  • Risk-based AML controls and the relationship between money laundering, terrorist financing, and proliferation financing risks.
  • Practical Exercise: Analyse a case study involving suspicious financial activity, identify potential laundering stages, and map the relevant AML risks and controls.
Day 2

Customer Due Diligence, KYC, and Risk Assessment

  • Customer identification and verification requirements for individuals, companies, and other legal arrangements.
  • Know-your-customer (KYC) procedures and the collection and verification of customer information.
  • Identifying beneficial owners, controlling persons, and complex ownership structures.
  • Customer risk assessment based on geography, business activity, products, delivery channels, and transaction behaviour.
  • Enhanced due diligence (EDD) for high-risk customers and politically exposed persons (PEPs).
  • Customer screening, sanctions considerations, periodic reviews, and ongoing due diligence.
  • Practical Exercise: Assess a portfolio of customer profiles, identify beneficial ownership and risk factors, and determine the appropriate due diligence level for each customer.
Day 3

Transaction Monitoring and Suspicious Activity Detection

  • Transaction monitoring principles, alert generation, and the role of automated monitoring systems.
  • Identifying unusual cash deposits, rapid fund transfers, transaction structuring, and unexplained account activity.
  • Detecting suspicious cross-border payments, third-party transfers, and complex transaction chains.
  • Identifying indicators of trade-based money laundering, including unusual pricing, inconsistent trade documentation, and mismatches between payments and commercial activity.
  • Investigating monitoring alerts through transaction history, customer profiles, supporting documents, and contextual analysis.
  • Evaluating alert quality, false positives, escalation thresholds, and documentation standards.
  • Practical Exercise: Review a simulated transaction dataset, identify suspicious patterns, investigate selected alerts, and document the rationale for escalation or closure.
Day 4

Suspicious Activity Reporting, Investigations, and Internal Controls

  • Recognizing circumstances that may require a suspicious transaction report (STR) or suspicious activity report (SAR), depending on the applicable jurisdiction.
  • Internal escalation procedures, investigation workflows, and decision-making responsibilities.
  • Preparing clear, factual, and well-supported suspicious activity reports.
  • Recordkeeping requirements, evidence preservation, confidentiality, and audit trails.
  • Tipping-off restrictions and the importance of protecting sensitive information where applicable.
  • AML governance, staff responsibilities, independent testing, internal audit, and remediation of control weaknesses.
  • Practical Exercise: Prepare a draft internal suspicious activity escalation report based on a case study, including the key facts, transaction analysis, supporting evidence, and recommended next steps.
Day 5

AML Programme Effectiveness, Emerging Risks, and Continuous Improvement

  • Designing and maintaining a risk-based AML compliance programme aligned with applicable regulatory requirements.
  • Evaluating AML policies, procedures, customer risk models, monitoring scenarios, and escalation arrangements.
  • Applying data analytics to identify emerging transaction patterns and improve monitoring effectiveness.
  • Assessing risks involving digital payments, fintech services, virtual assets, intermediaries, and complex cross-border activity.
  • Developing AML key performance indicators (KPIs) and key risk indicators (KRIs) for management reporting.
  • Establishing training programmes, periodic reviews, independent assessments, and continuous improvement plans.
  • Practical Exercise: Evaluate a simulated AML compliance programme, identify priority control gaps, and develop an improvement roadmap with assigned responsibilities, monitoring indicators, and review milestones.

Upcoming Dates

Selected date

Online · 14 – 18 Mar 2027

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CityDatesPrice per ParticipantEarly Bird
AbujaScheduled
2 – 6 Nov 2026€5,100—
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AmmanScheduled
8 – 12 Nov 2026€3,100—
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AccraScheduled
9 – 13 Nov 2026€5,100—
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AmsterdamScheduled
16 – 20 Nov 2026€5,400—
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BangkokScheduled
23 – 27 Nov 2026€6,100€5,490until 2 Nov
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BarcelonaScheduled
23 – 27 Nov 2026€5,400€4,860until 2 Nov
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BeirutScheduled
29 Nov – 3 Dec 2026€4,000€3,600until 9 Nov
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BerlinScheduled
7 – 11 Dec 2026€5,800€5,220until 16 Nov
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CairoScheduled
13 – 17 Dec 2026€3,300€2,970until 23 Nov
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Cape TownScheduled
14 – 18 Dec 2026€5,100€4,590until 23 Nov
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CasablancaScheduled
21 – 25 Dec 2026€4,300€3,870until 30 Nov
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DohaScheduled
27 – 31 Dec 2026€4,400€3,960until 7 Dec
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DammamScheduled
27 – 31 Dec 2026€4,200€3,780until 7 Dec
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DubaiScheduled
3 – 7 Jan 2027€4,400€3,960until 14 Dec
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ErbilScheduled
10 – 14 Jan 2027€3,100€2,790until 21 Dec
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HamburgScheduled
11 – 15 Jan 2027€5,800€5,220until 21 Dec
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IstanbulScheduled
18 – 22 Jan 2027€4,700€4,230until 28 Dec
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JeddahScheduled
24 – 28 Jan 2027€4,200€3,780until 4 Jan
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KigaliScheduled
25 – 29 Jan 2027€5,100€4,590until 4 Jan
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Kuala LumpurScheduled
1 – 5 Feb 2027€4,400€3,960until 11 Jan
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LisbonScheduled
8 – 12 Feb 2027€5,400€4,860until 18 Jan
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LondonScheduled
8 – 12 Feb 2027€5,600€5,040until 18 Jan
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MadinahScheduled
15 – 19 Feb 2027€4,200€3,780until 25 Jan
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MadridScheduled
22 – 26 Feb 2027€5,400€4,860until 1 Feb
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MakkahScheduled
1 – 5 Mar 2027€4,200€3,780until 8 Feb
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ManamaScheduled
1 – 5 Mar 2027€4,700€4,230until 8 Feb
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MuscatScheduled
8 – 12 Mar 2027€5,300€4,770until 15 Feb
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OnlineScheduled
14 – 18 Mar 2027€1,700€1,530until 22 Feb
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ParisScheduled
15 – 19 Mar 2027€5,700€5,130until 22 Feb
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ViennaScheduled
22 – 26 Mar 2027€5,700€5,130until 1 Mar
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Available in: Istanbul · Dubai · London · Doha · Amsterdam

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