Anti-Money Laundering, Countering the Financing of Terrorism and Combating Proliferation Financing Fundamentals for Saccos
This course covers the subject(s) of money laundering, terrorist financing and proliferation financing for the real estate sector. It delves into what they are, their history, how they are done and how to counter them.
Curriculum
- 7 Sections
- 33 Lessons
- 6 Quizzes
- 2h Duration
Financial Crimes Overview
2 Lessons
- Table of Abbreviations
- Definitions
Money Laundering
7 Lessons1 Quiz
- What is Money Laundering?
- Predicate Offenses which Generate Illicit Funds
- Stages of Money Laundering (ML)
- Why Launder Money?
- Money Laundering Typologies in the Sacco Sector
- What happens when we get it wrong?
- Case Study: Metropolitan Sacco – Fraud Investigation
- Knowledge Check 1 – Money Laundering
Terrorism Financing
3 Lessons1 Quiz
- Terrorism Financing
- Stages of Terrorism Financing
- Recent Terrorist Attacks in Kenya
- Knowledge Check 2 – Terrorism Financing
Proliferation Financing
4 Lessons1 Quiz
- Proliferation Financing (PF)
- Stages of Proliferation Financing
- Dual-use Goods
- Money Laundering vs Terrorism Financing vs Proliferation Financing - A comparative analysis
- Knowledge Check 3 – Proliferation Financing
Know Your Customer - KYC
5 Lessons1 Quiz
- Know Your Customer - KYC
- Levels of Due Diligence
- Ongoing Monitoring
- Screening
- Suspicious Activity Indicators and Red Flags
- Knowledge Check 4 – KYC
Regulatory Framework
12 Lessons1 Quiz
- AML/CFT/CPF Regulatory Landscape – Kenya
- Applicable AML/CFT/CPF Regulators
- POCAMLA – Obligation for Reporting Institutions
- Offenses – POCAMLA
- Fines & Penalties for Non-Compliance with POCAMLA
- POTA (Prevention of Terrorism Act) – Obligations
- Offences – POTA (Prevention of Terrorism Act)
- Responsibilities of the Board
- Responsibilities of the Management
- Responsibilities of the MLRO
- Staff Responsibilities
- AML/CFT Emerging Typologies
- Knowledge Check 5 – Regulatory Obligations
Quiz
1 Quiz
- Final Quiz