Flywheel Academy

Empowering Minds and Transforming Futures

Flywheel Academy

Empowering Minds and Transforming Futures

Anti-Money Laundering, Countering the Financing of Terrorism and Combating Proliferation Financing

Money Laundering Proliferation Financing Sanctions Terror Financing

Anti-Money Laundering, Countering the Financing of Terrorism and Combating Proliferation Financing

Grace Mburu Grace Mburu
5 (1)
Overview
Curriculum
Reviews

This course is an introduction to the subject(s) of money laundering, terrorist financing and proliferation financing. It delves into what they are, their history, how they are done and how to counter them.

Curriculum

  • 13 Sections
  • 80 Lessons
  • 10 Quizzes
  • 0m Duration
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Introduction
1 Lesson
  1. Introduction to Financial Crimes
Money Laundering
10 Lessons1 Quiz
  1. Money Laundering (ML)
  2. Stages of Money Laundering
  3. Laundering Process Examples
  4. History of Money Laundering
  5. Activities generating proceeds (Predicate Crimes)
  6. The Economic & Social Effects Of Money Laundering
  7. Economic & Social Effects Of Money Laundering (Cont.)
  8. Why Launder Money
  9. Methods of Money Laundering
  10. What happens when we get it wrong?
  11. Knowledge Check - AML
Terrorism Financing
2 Lessons
  1. Terrorism Financing
  2. Terrorism Financing Closer Home
Proliferation Financing
8 Lessons1 Quiz
  1. Proliferation Financing (PF)
  2. Stages of Proliferation Financing
  3. Dual-use Goods
  4. Proliferation Financing in Africa
  5. Key Indicators of TF and PF
  6. Comparison of ML, TF & PF
  7. Role of Staff and Bank in Preventing ML, TF and PF
  8. Case Study: Arab Bank Flagged for Terrorist Financing
  9. Knowledge Check-TF & PF
Economic Sanctions
5 Lessons1 Quiz
  1. What are Sanctions?
  2. Comprehensive Sanctions
  3. Consequences of breaching Sanctions
  4. Targeted Financial Sanctions on Terrorism & Proliferation Financing
  5. Bank of Scotland fined for breaching Russia Sanctions
  6. Knowledge Check – Sanctions
Regulatory Landscape
11 Lessons1 Quiz
  1. Global Regulatory Landscape
  2. FATF Membership
  3. FATF-Style Regional Bodies
  4. African Regulatory Landscape: FATF-Style Regional Bodies (GIABA)
  5. African Regulatory Landscape: FATF-Style Regional Bodies (MENAFATF)
  6. African Regulatory Landscape: FATF-Style Regional Bodies (ESAAMLG)
  7. African Regulatory Landscape: FATF-Style Regional Bodies (GABAC)
  8. Tanzania AML/CFT/CPF Regulatory Landscape
  9. Penalties Under the Anti-Money Laundering Act, 2023
  10. Penalties Under the Prevention of Terrorism Act, 2023
  11. TD Bank fined $3Billion for AML Compliance Failures
  12. Knowledge Check – Regulatory Landscape
Customer Due Diligence & Enhanced Due Diligence
5 Lessons
  1. What does Customer Due Diligence (CDD) involve?
  2. FATF Recommendation No. 10
  3. Levels of Due Diligence
  4. Enhanced Due Diligence (EDD)
  5. Monzo Bank fined £21 Million for AML Failures
Handling High Risk Clients
7 Lessons1 Quiz
  1. Commonly Considered High Risk Clients
  2. Handling High Risk Clients
  3. Politically Exposed Persons (PEPs)
  4. Politically Exposed Persons (PEPs) (2)
  5. Adverse Media
  6. Red Flags in PEP and High-Risk Client Transactions
  7. Wells Fargo pays $3billion
  8. Knowledge Check-Customer Due Diligence
Transaction Monitoring and Suspicious Activity Reporting (SAR)
10 Lessons1 Quiz
  1. Transaction Monitoring
  2. Suspicious Activity Reports
  3. Identifying Suspicious Activity
  4. Reporting Suspicious Activity
  5. The Escalation & Reporting Pathway
  6. Currency/Cash Transaction Reports (CTR)
  7. Filing Cash Transaction Reports (CTRs) & Electronic Funds Transfer Reports (EFTRs)
  8. Suspicious Activity Reports vs Cash Transaction Reports
  9. Common Red Flags in Transaction Monitoring
  10. Case Study: CBK Enforcement Action
  11. Knowledge Check – Transaction Monitoring, SAR/STR, CTR
Trade-Based Money Laundering (TBML)
9 Lessons1 Quiz
  1. Trade Based Money Laundering (TBML)
  2. Trade Based Money Laundering in Africa
  3. Common Trade-Based Money Laundering Techniques
  4. TBML through Trade Mis-invoicing
  5. Procedures of Screening Trade Finance Documents
  6. Red Flags in Trade-Based Transactions
  7. Mitigating TBML Risks
  8. Case Study: Ghana Loses Billions Due to TBML
  9. Case Study: LBDI Fined L$18.5 Million for AML Compliance Failure
  10. Knowledge Check – TBML
Cybersecurity and Fraud Prevention
6 Lessons1 Quiz
  1. Cybersecurity & Financial Crime
  2. Common Digital Banking Fraud Trends
  3. Cyber & Fraud Red flags
  4. Preventive Measures for Fraud and Cybercrime
  5. Cyber/Fraud Incident Response
  6. TSB Bank fined £48million for Cybersecurity failures
  7. Knowledge Check-Cyber & Fraud
Record Keeping, Reporting and Auditing
6 Lessons1 Quiz
  1. Record Keeping Requirements;
  2. Regulatory Reporting – Internal
  3. Regulatory Reporting –External
  4. Regulatory Reporting Obligations
  5. Independent Audit – The Final Line of Defence
  6. JP Morgan fined €45 Million for AML Failures
  7. Knowledge Check-Record Keeping, Reporting, Audit
Final Quiz
1 Quiz
  1. Final Quiz
5 out of 5

1 user rating

wilfred-johntcbbank-co-tz
May 5, 2026 @ 3:03 pm
RELATIONSHIP OFFICER
Very potential Material for Our Daily undertakings
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