Anti-Money Laundering and Counterterrorist Financing Measures

Prepare Yourself for Professional Mutual Evaluation

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Date Duration Venue Fees
12-16 Aug 2024 5 Days Accra - Ghana US$5,450 Register
09-13 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. FATF monitors countries’ progress in implementing the FATF Recommendations; reviews money laundering and terrorist financing techniques and countermeasures; and promotes the adoption and implementation of the FATF Recommendations globally.

The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Zimbabwe was undertaken in 2022. According to that Evaluation, Zimbabwe was deemed Compliant for 20 and Largely Compliant for 16 of the FATF 40 Recommendations.  It remains Highly Effective for 0 and Substantially Effective for 0 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

This unique training course is designed to provide you with a thorough knowledge of the professional preparation for Mutual evaluation and how to comply with your regulators regarding FATF recommendations.  it will help you to understand how to support your organization in Anti-Money Laundering program and how to prevent, detect, and report money laundering suspicious activities in professional manner.

Course Objectives

By the end of this Newage Learning training course, delegates will be able to understand:

  • National & international regulatory environment
  • FATF Recommendations and Technical Compliance
  • The process of ML/FT, measures against ML/FT.
  • The implications and penalties for non-compliance with AML/CFT legislations
  • The red flag of ML/FT and how to detect and prevent these crimes.
  • The compliance program to protect your organizations against these crimes.

Target Audience

Everyone involved in the global financial services industry (as a provider, Senior Management, user, AML/ Compliance Professionals, Auditors, Consultants, Analysts, Lawyers, accountants, regulator or advisor of product/services, marketplace/exchange) would benefit from this course, and for all the following:

  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms

Training Methodology

This training course will combine presentations with interactive practical exercises, Facilitated Discussions, supported by video materials, activities, examples, and case studies. Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

Course Outline

Day One

Money Laundering and Terrorist Financing Risk

  • Understanding Money Laundering and Terrorist Financing
  • Stages & Techniques of Money Laundering
  • Indicators of Money Laundering
  • Money Laundering Trends in (Jurisdiction)
  • Meeting Regulatory Requirements
Day Two

The International Organisations of AML and CTF

  • The Setting Standards and International Bodies to AML
  • The National Frameworks and Regulatory Bodies
  • Role of FATF in AML.
  • Customer Policies and Procedures
  • The Wider Context for Financial Crime Risk and Regulation in your Country
  • The Role and Responsibilities of AML / Compliance Officer
Day Three

FATF The Mutual Evaluation Report & Recommendations

  • Principle of KYC and How to Apply it Professionally.
  • Understand your Responsibilities.
  • Compliance with the Regulatory Requirements.
  • Recognising Suspicious Transactions
  • Understand How to Identify, Mitigate, and Control Fraud, CC Risks Effectively
  • The Role of Technology in the Prevention of Financial Crimes.
Day Four

Immediate Outcome & Recommendations in Zimbabwe

  • Anti-Money Laundering and Counter-Terrorist Financing Measures in Zimbabwe 2022
  • Immediate Outcome 4 (Preventive Measures)
  • Recommendation 1 – Assessing Risks and Applying a Risk-Based Approach
  • Recommendation 14 – Money or Value Transfer Services
  • Recommendation 15 – New Technologies
  • Recommendation 24.25 – UBO
  • Recommendation 15 – New Technologies
Day Five

Best Practices in Achieving Professional AML Program

  • Define your RBA In AML/CFT
  • Balancing Innovation with Compliance
  • Updated Transaction Monitoring System
  • Implementing A Replacement Regtech Solution
  • Monitor an Alert to SAR Ratio
  • Be Proactive and Prepared To Pivot


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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