Introduction
CCM is considered the most advanced, comprehensive certificate in the field of compliance and anti-money laundering. Compliance and AML Specialists around the globe need a complete working knowledge of every aspect of the compliance role in order to gain experience and build their careers.
- Our CCM training is based on the comprehensive, highly effective Know-How Concept.
- Our CCM study guide is practical and user-friendly, utilizing modules that organize the information in a highly intuitive way for easy learning.
- Our CCM Certification gives you the competitive advantage you need to draw the attention of recruitment agencies looking for Compliance and AML Managers.
- Our CCM Certification gives employees in the Banking and Financial Sector, the knowledge they need to better understand Compliance and AML, helping them implement strong Compliance Programs
Course Objectives of course COMPLIANCE MANAGER (CCM)
- Customer Onboarding and KYC
- Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)
- Advanced AML Investigations
- International Sanctions and Embargoes
- Regulatory Compliance Management
- Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
- Develop your AML and compliance systems
COMPLIANCE MANAGER (CCM) Course Outlines
Day 1 : Customer Onboarding and KYC
- Identification of Individual Accounts Charities, Non-Profit Organizations, Embassies, and Government Agency Accounts.
- Accounts by Power of Attorney or Bank Authorizations
- Identify the Real Beneficiary of the Account
- A Design for KYC form (individuals)
- Know your customer entity form (companies)
- KYC Form Design for Companies
- General Terms and Conditions
- European Data Protection Act (General Data Protection Regulation - GDPR)
- FATCA Procedures When Opening an Account
- Opening (Non–Face-to-Face) Account
- Incomplete Accounts
- Modify the Customer Data & Customer Risk Rating
- KYC Update & Online KYC Update
- Opening Accounts for People with Disabilities (Heroes)
- General Rules and Guidelines
- Dormant Accounts, Closure of Accounts, and Processes of Account Opening
- Digital Identity and Electronic Know Your Customer (EKYC)
Day 2 : Anti-Money Laundering and the Financing of Terrorism
- The Concept of Money Laundering
- Elements of the Concept of Money Laundering
- Original Crime
- Financial or Physical Returns from the Original Crime
- Camouflage and Concealment
- Knowledge of the Sources of Funds
- Terrorist financing
- The Difference between Money Laundering and the Financing of Terrorism
- The Consequences of Money Laundering and Terrorism Financing Crimes
- The Most Important Methods of Money Laundering and Financing of Terrorism
Day 3 : Advanced AML Investigations
- Correspondent Banking
- Internal Accounts
- Actions to Be Taken When Dealing with a Suspicious Customer
- Unusual Transaction
- Transactions Monitoring
- Alert-Investigations (Case Management)
- Confidentiality of Suspicious Activity Reports
- AML FinTech Highlights
- AML Robotic Processes Automation (Case Management)
- Summary of FATF Recommendations
- Factors of Successful Compliance and AML Program
- Money Laundering Risk Classification
- Customer’s Risk Rating
- Types of Money Laundering Risk Classification
- Electronic AML Risk Rating
- Risk Assessment of Correspondent Banks
- AML Risk-Based Approach
International Sanctions and Embargoes
- Introduction
- Definition of Sanctions
- The Importance of Imposing Sanctions
- Processes
- Dealing with High-Risk Countries
- Systems
- Reporting
- The Most Important International Sanctions
- United Nations
- United States Initiatives
- EU Sanctions
Day 4 : Regulatory Compliance Management
- The Scope
- Compliance to Direct Regulatory Bodies Instructions
- Compliance with Internal Policies in the Institution
- Relationship of the Compliance Department with Other Departments Within the Institution
- Organizational Structure
- Compliance Monitoring and Examination Process
- Risk-Based Approach in Compliance Examination
- Summary of Inherent Risk Calculation, Risk Mitigation, and Residual Risk
- Issuing Regulatory Compliance Reports
Day 5 : Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
- Definition of FATCA
- Types of FATCA Agreements
- Risk of Non-Compliance with FATCA
- Definition of a US Person (subject to FATCA)
- FATCA Responsible Officer
- Tax Evasion Practices
- How to Deal with the Pre-Existing Accounts (four projects)
- Documents Required for Accounts Subject to the Law
- Joint Accounts
- Minors Accounts
- Power of Attorney
- Employee’s Accounts
- Recalcitrant Accounts
- Annual reporting
- Common Reporting Standards (CRS)