Training Programmes > In-Person Training

Certificate in AML/CTF and Sanctions for Nigeria’s Banking Sector

Type

In-Person

Date

October 2, 2023

Duration

5 day(s)

Hours

14:00 – 18:00
Greenwich Mean Time (GMT)

Fee

£650

A 10% discount will apply for the registration of 10 or more participants from one organisation.

Applications open soon

In-person Training in Nigeria (Venue details Tbc)

This 3-day certification training gives participants both the practical skills and regulatory knowledge to understand the nature of money laundering and terrorist financing, how money is laundered and your responsibilities when criminal offences are committed, best practices to prevent it from happening and Nigeria’s relevant laws and regulations.

Terrorist bodies and the financing of their activities have generated a focus on cross-border transactions. The financing of both drug and people trafficking are issues that Nigerian and global regulators continuously work to prevent and Nigeria’s AML regulations now extend to the insurance, legal, accounting, real estate, gaming, extractive and religious sectors, in addition to its banks.

Training Overview

This intensive and highly practical certification training provides you with all of the essential knowledge you need to become proficient in the Anti-Money Laundering process.

It is the responsibility of individuals and professionals working within regulated industry sectors to follow procedures to prevent and report knowledge and suspicion of money laundering and to this end, the training is structured as follows:

Day1

Understanding Money Laundering, Terrorist Financing and Sanctions, the FATF and International Sanctions Framework.
Anti-money laundering and combating terrorist financing in practice – overview of the 5 days.
What are the Money Laundering, Terrorist Financing and Sanctions risks that must be managed?
The Risk-based Approach to money laundering and Counter-terrorist Financing – What is a Risk-based Approach?
Nigeria’s Legal and Regulatory Frameworks

Day2

Taking an AML/CFT Risk-based Approach and practical risk management
Initial and ‘Ongoing’ Customer Due Diligence (CDD)
PEPs, and RCAs, SOW and SOF and Enhanced Due Diligence
Monitoring Activity and Transactions
Recognising and Reporting Suspicions
Sector by sector, case studies and role-play.

Day3

Emerging Trends
- Wider Economic Pressures
- Blockchain and CryptoCurrency
- Crowdfunding and Social Media Terrorist Financing
Assessment
Certificates

Learning Outcomes

As a participant you will be able to:

Recognise how and why criminal proceeds are laundered, including a three-stage model of placement, layering and integration
Understand the basic requirements of the FATF standards and 40 Recommendations
Understand what Nigeria’s Anti Money Laundering Regulations are
Recognise the importance of conducting a money-laundering risk assessment
Understand anti-money laundering policies, procedures and controls
Conduct Due Diligence and Enhanced Due Diligence
Identify Politically Exposed Persons (PEPs)
Recognise the importance of keeping adequate records
Report Suspicious Activity appropriately and in accordance with the law

Course Audience

The course is designed for those who work in the insurance, legal, accounting, real estate, gaming, extractive, religious and banking sectors, and regulators who are looking to develop their understanding of anti-money laundering.

Participants of this training typically include:

Money Laundering Reporting Officers and their Deputies
Financial Crime Officers
Risk Managers
Compliance Officers
Funds Managers/Officers
Auditors and Accountants
Tax Advisors
Lawyers
Mining Companies
Real Estate Developers
Gaming Companies
Insurance Managers
Bankers
Client Relations, Marketing and Sales executives
Regulators

Course Features

It is designed and written by experienced EBII Group AML professionals.
Workshops and materials are designed for working professionals.
Sector-specific case studies that provide realistic scenarios, promote the assimilation of new information and application of critical thinking
Role-play in a safe environment to build confidence in new behaviours, develop creative problem-solving and share relevant experience
Successful participants achieving assessment scores exceeding 80% will receive EBII Group certification.
All participants will receive certificates of attendance.

Format, Delivery and Assessment

Enrolment in this training workshop with full payment of fees will include:

access to workshops;
Snacks and full lunch included;
soft copy reading materials;
a certification assessment on the last day;
one further to resit the assessment to achieve a certificate of certification.

The course is assessed through a 60-minute online test comprising 30 multiple-choice questions on the last day of the training workshop. Results and certification are available within 7 days.

About EBII Group

Emerging Business Intelligence & Innovation (EBII) Group is a compliance and risk management consulting firm headquartered in the UK and supported by Oxford University Innovation. EBII Group’s mission is to unlock Africa’s investment value by helping market participants to understand the compliance risks and mitigations associated with their Africa investments proposition. EBII Group works closely with Banks and African governments by strengthening their compliance programmes, regulatory and enforcement programmes. We, therefore, provide a critical link between African nations and the rest of the world, creating a more conducive environment for interactions.