Training in Basic AML/CFT for Auditors and Accountants

Crowe UAE Academy is pleased to announce a practical and focused Training in Basic AML/CFT for Auditors and Accountants. This online training is designed to strengthen participants’ understanding of the fundamentals of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), with particular emphasis on the risks, responsibilities and compliance considerations relevant to auditors and accounting professionals.

The training will provide participants with an overview of money laundering, its stages and common typologies, while examining the particular vulnerabilities faced by auditors and the money laundering typologies that may arise in an audit and accounting environment. Through relevant case studies, participants will develop a clearer understanding of how money laundering risks and indicators may emerge in practice.

The program further covers Terrorist Financing and Proliferation Financing, international and national AML/CFT guidelines, obligations of operational staff, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk customers and Politically Exposed Persons (PEPs), Suspicious Activity Reports, red flags for auditors, Targeted Financial Sanctions, penalties for non-compliance, and the importance of developing a strong culture of compliance.

This course is particularly relevant for professionals working in independent accounting and auditing firms.

What You Will Learn – Basic AML/CFT Course Outline

Who Should Attend?

This training is designed for professionals working in:

• Independent Accounting and Auditing Firms

The program is particularly suitable for:

• External Auditors
• Internal Auditors
• Audit Managers
• Senior Auditors
• Compliance Auditors
• Risk and Assurance Professionals

Why Attend This Basic AML/CFT Training?

• Strengthen your understanding of the fundamentals of Money Laundering and AML/CFT.
• Understand the stages of money laundering and common money laundering typologies.
• Develop greater awareness of the particular money laundering vulnerabilities faced by auditors.
• Understand money laundering typologies relevant to auditors through practical case studies.
• Develop an understanding of Terrorist Financing and Proliferation Financing.
• Gain awareness of international and national guidelines relating to AML/CFT.
• Understand key AML/CFT obligations relevant to operational staff.
• Strengthen your understanding of Customer Due Diligence (CDD).
• Understand Enhanced Due Diligence (EDD) requirements for high-risk customers and Politically Exposed Persons (PEPs).
• Develop awareness of Suspicious Activity Reports and key red flags for auditors.
• Understand the role of Targeted Financial Sanctions within the AML/CFT framework.
• Learn about penalties associated with non-compliance.
• Understand the importance of establishing and maintaining a strong culture of compliance.
• Complete a focused and practical 3-hour online AML/CFT training session.