Bank of Tanzania

Training Institute

Anti-Money Laundering, Know Your Customer (KYC) And Countering The Financing Of Terrorism (CFT) Course

INTRODUCTION

The Banking Industry is the prime target for money launderers all over the world. With recent incidences of terrorism in the East African region the banking industry also needs to be equipped with appropriate skills to deter terrorists from channelling their funds through their institutions. Preventing these crimes in advance is important for Banks to safeguard their assets and maintain their services and credibility to the public.

OBJECTIVE OF THE COURSE

The course aims at imparting relevant knowledge and skills to course participants to enable them prevent, detect and resolve effectively any attempts or incidences aimed at their Institutions.

WHAT YOU WILL LEARN

 

  • An Overview of money laundering and terrorism financing
  • Methods used to launder money and loopholes exploited
  • Red Flags for money laundering activity
  • Implementing an Effective KYC program
  • Anti-Money Laundering Act of 2006
  • Monitoring customer activity and accounts
  • Detecting and reporting money laundering cases
  • Account opening and customer interviews
  • Conducting effective Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

 

WHO ARE TO ATTEND

This course is mainly for Risk and Compliance Staff, Operations Staff, Treasury Staff, Relationship Managers, Credit Staff, and General Staff of Commercial Banks and Other Financial Institutions.

DURATION

One (1) week: 05th– 09th Sept. 2016

 

COURSE FACILITATORS

Bank of Tanzania Training Institute


VENUE

Zanzibar


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