Upskilling the organization's front-office staff, compliance team, and management, and mitigating AML/CTF risks.
The training course aims to prepare highly qualified, competitive AML specialists, officers, and managers for financial and non-financial sectors (banks, microfinance and insurance organizations, payment service providers, currency exchange offices, land-based and online casinos, etc.).
Course Topics (Curriculum)
Legislative Framework: Purpose of the law, scope of application, and obligations of accountable entities.
Identification and Verification:
One-off transactions and establishing business relationships.
Know Your Customer (KYC) standard and frequency of data updating.
Risk Management:
Customer assessment using a Risk-Based Approach (RBA), risk categories, and risk factors.
Periodic reassessment of customer risk levels.
Preventive Measures:
Simplified, standard, and enhanced due diligence (CDD/EDD).
Analyzing legal entity structures and identifying/verifying Beneficial Owners (BO).
Screening and Sanctions:
Customer screening in international search databases.
Identification of Politically Exposed Persons (PEPs), their family members, and close associates.
International financial sanctions and identification of sanctioned individuals/entities.
Reporting and Monitoring:
Suspicious transaction scenarios and detection mechanisms.
The process of submitting suspicious transaction/currency transaction reports (STR/CTR) to the Financial Monitoring Service of Georgia.
Practical Component: Case studies of real scenarios, practical exercises, and tests.
Methodology
The program is fully based on interactive teaching methods and includes:
Theoretical preparation and legislative explanations;
Practical exercises and simulation cases;
Organizational management of reporting and discussion formats.
Upon completion of the course, a final test will be conducted. Participants will receive a bilingual certificate, providing a significant advantage for professional advancement and employment in the job market.