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Introduction to the EU AML/CFT regulatory framework

On July 20th, 2021, the European Commission (EC) introduced a new AML/CFT package to strengthen the EU's AML/CFT regulatory framework. The package harmonizes AML rules in the European Union (EU) and creates a new Anti-Money Laundering Authority (AMLA). On February 22nd, 2022, the European Commission Introduced a trainer's manual and its corresponding user's manual.
Under the proposal AML package, an EU Anti Money Laundering Authority (EU-AMLA) will be created as a supervisory authority for combatting money laundering and terrorist financing. The EU-AMLA will be established in 2023, aiming to start most of its activities in 2024. From 2026, it will directly supervise selected financial services sector entities active in multiple Member Stated an exposed to increased AML-CFT risks. As part of its supervisory duties, the EU-AMLA will review entities' group-wide compliance with the EU-AML regulatory framework, undertake investigations, issues instructions and impose sanctions for violations of applicable AML/CFT laws of up to 10% of the total annual turnover will be available for the most severe violations.

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About the course

Our Introduction to the European Union Anti-Money Laundering regulatory framework training program for financial experts to help your organization with AML/CFT and other related European regulations in line with the global crackdown on money laundering.

Our training program will directly help your organization move forward with AML/CFT requirements.

Program

Introduction to the International and European AML/CFT regulatory framework
AML risk assessment
AML risk mapping
AML/CFT written procedures
Know Your Customer (KYC) standards, including Customer Identification Program and Customer Due Diligence (CDD)
AML training
Additional AML/CFT requirements

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Improve the growth & efficiency of your organization by leveraging Compliance’s solutions and toolkits by Tier 1 consultants, lawyers and ex-Supervisors.

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Curriculum

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Introduction to the EU AML/CFT regulatory framework
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  Introduction to the EU AML/CFT regulatory framework

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