g-Log Consult

This course is a five-series topic covering the fundamentals or concepts of AML/CFT compliance. The course aims to enable students not just to be able to describe money laundering and terrorist financing; but also to understand predicate offences, customer due diligence, and risk. The knowledge to be gained will build students' job-related confidence. This course will address definitions, Concepts, and processes you need when planning your policies, among others. 

These will extensively address the following.

• Introduce you to money laundering (ML) and terrorism financing (TF). It will also explain how these two illegal activities are related. Taught in a thorough but straightforward explanatory style which will cover
• The art of disguising laundered money, a brief history of Money Laundering
• How ML/TF are committed; learn about predicate crimes
• Learn about an uncommon type of terrorism - Eco-terrorism in terms of its nature, history, philosophical justifications of its perpetrators, and some of the tactics used by "eco-terrorists.
• What is Know-Your-Customer (KYC)? Why KYC is necessary, why financial institutions like banks, insurance companies, and others are easy Money Laundering targets.   
• Financial and Non-financial must go beyond just identifying their customers to familiarise themselves with the right processes and learn about the KYC guidelines.
• Under Customer-Due-Diligence (CDD), we will define CDD and differentiate between KYC and CDD. We will also explain why CDD is Important and what best standards are available.
• We will examine the essentials of a proper KYC/CDD strategy and why we need a good plan.
• Under Enhanced-Due-Diligence (EDD) - what is it all about and when is it applied, how do you de-escalate enhanced risk, etc