The training aims to teach you and your staff the main requirements of AML/CTF (Anti-Money Laundering and Counter Terrorist Financing) and International Sanctions to ensure AML compliance program implementation in your Company through regular employee training.
What Will You Learn?
This online training course covers all the essential information on how AML/CTF and International Sanctions affect your business, three lines of defense, risk assessment, compliance obligations, reporting and internal investigations in a daily business environment.
The introductory training on the Prevention of Money Laundering and Terrorist Financing and International Sanctions applies to all company personnel (management board, operations, sales, customer service, etc.). Initial training is a mandatory part of the Company's annual training plan, and should be assigned immediately upon hiring and as a yearly refresher.
How long does it take, and how to join the e-learning training?
This online training course takes approximately 70 min + 30 min to complete the self-assessment test. You will receive access to the e-learning platform, which you can access at any time. We will present practical situations and a final knowledge test during the lessons to check how you understood the information.
What will I receive?
You'll receive a PDF certificate of completion upon successfully passing the knowledge test. Number of attempts is agreed individually.
About the course:
Title: Introductory Trainings of Prevention of Money Laundering and Terrorist Financing and International sanctions
Content:
- Getting to Know the Crime: Money Laundering (ML) and Terrorist Financing (TF)
- What Is Money Laundering and Terrorist Financing?
- Money Laundering Methods and Trends
- Criminal Liability and Primary Offenses
- Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) in the World, European Union (EU) and the Republic of Lithuania (LR)
- Supervision of Financial Market Participants
- Ten AML Measures
Three Lines of Defence
- Risk Assessment
- Customer and Beneficial Owner Identification and Verification
- Enhanced and Simplified Customer Due Diligence
- Monitoring Of Business Relationship and Transactions
- Ongoing Due Diligence
- Reporting Of Suspicious Monetary Operations and Transactions
- Internal Investigations
- Other AML Measures
Knowledge Evaluation – Test
Lesson No. 2
Content:
- What do we mean by sanctions? Definition.
- Who imposes sanctions? Sanctions regimes and jurisdictions.
- What can be sanctioned? Types of sanctions and respective control measures.
- Your sanctions compliance obligations.
- Communicating with Customers in the context of international sanctions. Dos and don’ts.
- Consequences of non-compliance. Local, regional, and global enforcement trends.
Knowledge Evaluation – Test
Course Curriculum
Pricing
The standard course fee is EUR 90.
For purchases, group orders, or personalized pricing, kindly provide your email below or reach out to us directly at [email protected].
Inga Karulaitytė - Kvainauskienė
Inga Karulaitytė-Kvainauskienė is an attorney at law and a leading partner of a Fintech and Banking & Finance group at ECOVIS ProventusLaw, with over 20 years of legal experience.
She has deep knowledge and experience in the licensing and regulatory compliance of e-money, payment institutions, and specialised banks. She focuses on the regulatory compliance side of Fintech. She is also a certified AML expert who can help with various compliance issues – AML and KYC processes, risk management, PSDII directive, and other regulatory compliance questions.
- Partner of ECOVIS International
- Ranked lawyer in Fintech Legal by Chambers and Partners Fintech 2020, 2021, 2022.
- Highly Regarded lawyer in Banking and finance directory by IFLR1000, Chambers and Partners, and the LEGAL500 2019, 2020, 2021.
- CAMS certification.
- Certificate of Completion of Internal Auditor‘s Training since 2020.
- Member of the Lithuanian Bar since 2003.
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Member of the board of the Association FINTECH HUB LT.
