Lead Training Services

Award in Advanced AML/CFT Compliance

MQF Level 6 CPD Award
Starting: 23rd November 2022

This course provides detailed and comprehensive knowledge as well as practical skills in order for AML/CFT compliance professionals to undertake their responsibilities more efficiently and effectively in line with applicable laws and regulations. This course will help students develop best practice initiatives and will prepare attendees to face present and future challenges and ultimately reducing risks.

Overall Course Objectives

  • Overview of the crimes of money laundering and financing of terrorism
  • Carry out Customer Due Diligence tasks more effectively including Simplified and Enhanced Due Diligence
  • Identify suspicions of money laundering or funding of terrorism and draw up an internal report
  • Identify risks and assist senior management in the development and implementation of the subject person’s risk assessment procedures
  • Assist in the development and implementation of a robust AML/CFT policy
  • Assist in the completion and submission of regulatory reports including the Risk Evaluation Questionnaire
  • Identify and investigate suspicious activity.
  • Identify internal procedures which need to be implemented for the prevention of money laundering.
  • Identify which customers and transactions are at high risk and how one can treat such situations.
  • Assess the reputability of a country outside the EEA;
  • Help learners identify the effect of international sanction on risk assessment of a customer/transaction;
  • Help learners identify when a transaction is suspicious and when/how to report
  • Help learners to request necessary and relevant documentation from customers.
  • Help learners to analyse documentation provided by customers for purposes of due diligence.
  • Provide students with more in-depth knowledge, skills and competencies in relation to AML/CFT specific to these sectors:
    • Trusts & CSPs
    • Land Based & Remote Gaming
    • Auditors & Accountants
    • Banking
    • Insurance & Investment Services
    • Notaries & Legal Professionals

Accreditation and MQF/EQF level

The accreditation status of this programme is a ‘‘Higher Education Programme’’. A CPD Award accredited with 6 ECTS credits (MQF/EQF Level 6) by the Malta Further & Higher Education Authority (MFHEA) in Advanced AML/CFT Compliance will be presented to delegates who obtain a minimum pass in the relative assignment.

Target Audience

  • Due Diligence Officers
  • Compliance Officers
  • MLROs
  • Designated Employees
  • Company Directors
  • Auditors
  • Lawyers
  • AML Subject Persons
  • Finance Professionals
  • Risk Officers/ Managers

Course Duration

This part-time course is made up of 2 modules which are spread over 12 evening sessions.

Entry Requirements

  • A minimum qualification at MQF Level 5 OR
  • Maturity age set at 23 – i.e. no formal education is required but a minimum number of 3 years’ full time work experience within the AML/ Financial Services’ environment is required OR
  • A pass in LEAD Training Services’ CPD Award accredited with 4 ECTS credits (MQF Level 5) by the National Commission for Further and Higher Education (NCFHE) in Anti-Money Laundering and Funding of Terrorism**

Course Delivery Mode – Live Webinars

This course will be delivered via live online webinars.  The course trainers will be visible on screen via a professional webinar platform through which students can follow the trainer presenting live whilst also using a powerpoint presentation and sharing other resources as necessary.  Students will be able to interact with the trainer by sending questions or comments through the same webinar platform.  Our student support team will assist all students with simple instructions on how to access the webinar online.  A support line will also be made available to communicate with a student support officer in case of technical difficulties encountered during the live webinar.

Trainers will also dedicate very regular Q & A times during the webinar to ensure all students can have the chance to ask questions and reach the intended learning objectives.  The email and contact details of the trainer will also be made available in case students would wish to get in touch with the trainer throughout the course period. Online recordings or videos of the webinars are not available for this course.

Short 10 minute breaks will be given during the webinar.

How You’ll Learn

This course will be delivered via live online webinars.  The course trainers will be visible on screen via a professional webinar platform, through which students can follow the trainer presenting live, whilst also using a PowerPoint presentation and sharing other resources as necessary.

Students will be able to interact with the trainer by sending questions or comments through the same webinar platform.

The course will also make use of:

  • Online Presentations
  • Video Lecturing;
  • Q&A via online course forum;
  • Online Q&A with Educator (Trainer).
  • The above are considered to be contact hours as all of the above will be under control of the instructor.

Method of Assessment

At the end of the course, students will be presented with the assignment questions. Assignment with practical case study questions of no longer than 3,000 words

  • Module 1 – between 1500-3,000 words
  • Module 2 – between 2,000-3,000 words

Students need to submit the assignment as per the submission date on the assignment questions document provided.

Grading: The assignment questions will be corrected and students must achieve a pass mark of at least 50 marks, in order to be given a certification.

Language of Course Instruction & Course Materials

The course materials and the live webinars are in English.

Course Dates

Modules Dates Time

Module 1: Award in the Fundamentals of AML/CFT

(*Exemption from Module 1: A student can be exempted from Module 1 (only), if the student can provide proof of being in possession of an Anti-Money Laundering course at minimum MQF Level 5 with 4 ECTS.)

23/11,29/11, 06/12, 20/12 17:30 – 20:30
Module 2: Award in Industry Specific AML/CFT Compliance
Module 2.1. Land Based & Remote Gaming 03/01, 10/01 17:30 – 20:30
Module 2.2. Trusts & CSPs 17/01 17:30 – 20:30
Module 2.3. Notaries & Legal Professionals 24/01 17:30 – 20:30
Module 2.4. Banking 31/01, 07/02 17:30 – 19:30
Module 2.5. Auditors & Accountants 14/02 17:30 – 20:30
Module 2.6. Insurance & Investment Services 21/02 17:30 – 20:30

Please note that as per terms and conditions, LEAD Training Services reserves the right to alter course dates, times and venue in exceptional circumstances beyond its control.

Total Hours of Learning

This is an accredited course, which requires students to commit themselves and to be responsible for their own studies. Below is a suggested guideline of the number of hours each student should dedicate to self-studying and preparing for the final written assignment.

Total Course Contact Hours
(Live Online Webinars)
30
Total Course Suggested Self-Study Hours
(reading for interest & further knowledge)
90
Total Course Supervised Placement and Practice Hours
(Work placement supervision)
0
Total Course Suggested Assessment Hours
(Take home assignment)
30

Course Outline

Trainers

Testimonials

  • This is my second course with Lead. I would recommend Lead to anyone who wants to advance in their career. Lecturers are very well prepared and encourage participation during training sessions. Thank you Lead for your constant help and support.
    D. Buttigieg, May 2022

Course Funding Options

For Individuals

  • GET QUALIFIED SCHEME
    Candidates can benefit from a 70% rebate of the course fee via tax credit. Get Qualified is an initiative that supports the personal development of individuals for the achievement of qualifications and certifications required by industry.

    Learn more about this scheme »
  • TRAINING PAYS SCHEME (TPS)
    Eligible candidates satisyfing a list of criteria can benefit from a 75% rebate on direct training cost.

    Learn more about this scheme »

Frequently Asked Questions

Who We Are

We are a team of specialists passionate about our work and with a common ambition to share learning experiences with people in the business community and civil society.

Under the brand name LEAD Training Services, our team has attracted an impressive pool of professional trainers from different areas of business.

This makes us the only professional training organisation in Malta that can offer cutting edge training programmes across a broad spectrum of topics. We do not believe in one-size-fits-all training programmes and in line with our belief we customise our programmes to our individual customer’s needs.

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