Anti- Money Laundering & Combating the Financing of Terrorism

AML Introduction

• An Overview of International Standards for AML/CFT set by

International organizations

- FATF-(40 Recommendations)

- BASEL Committee on Banking Supervision (KYC paper)

• Compliance Program

• Risk Based Approach

• Risk Elements and Levels, Compliance & AML measures along with CDD,EDD

• Grey & Black List Countries (High Risk Countries)

• PEPs, Beneficial Owner.

• Methods of AML and red flags

• Scan, check, Report, Co-operate with Law Enforcement for Proper AML Process (STR, SAR)

• Sanctions List (UN and Local)-Raising Go-AML reports.

• Compliance Officer

• Helpful Links