AML - Follow the money (e-learning)
Are you ready to support the Money Laundering Reporting Officer of a financial institution in investigating a complex situation? Are you able to efficiently deal with the business stakeholders to get the full picture and provide a reliable assessment?
'AML - Follow the money' is the new immersive financial sector digital case-study designed by PwC Academy and PwC’s subject matter experts to support the acquisition and assessment of essential AML knowledge and competence. Building upon the success of our AML Codename Black e-learning, it brings the learning experience to a new level.
This innovative learning solution leverages micro learning and embeds high quality videos, interactive quizzes and an evolving scenario. Gamification techniques allow learners to ‘live’ the case study and facilitate learning retention.
Get ready for a unique, immersive and lasting anti-money laundering training experience!
To complement your learning journey, check out our Anti-financial crime curriculum.
Please note that PwC Academy offers 3 versions of this e-learning module:
- An English version considering the Luxembourg regulatory framework.
- A French version considering the Luxembourg regulatory framework (in this version, the videos remain spoken in English with a French text transcription).
- A non-jurisdiction specific English version considering the broader European regulatory framework.
Price:
We deploy our e-learning solution as from 10 licences.
The price per licence varies on quantity purchased:
- From 10 to 50 licences: EUR 75 each;
- From 51 to 150 licences: EUR 70 each;
- From 151 to 300 licences: EUR 60 each;
- From 301 licences: EUR 50 each.
Duration: +/- 1h
Language: Available in English. Other languages available on demand.
Technical requirements:
- A personal computer (recommended), tablet or smartphone
- An up-to-date internet browser (Google Chrome recommended)
- Cookies should be enabled
- JavaScript should be enabled
- A stable internet connection
Should the internet connection be lost during an e-learning session, the browser will need to be restarted when internet is back to resume the e-learning at the last step recorded by the learning management system before the connection went out.
Objectives
By the end of this training, the participants will be able to:
- identify the different steps of the money laundering cycle;
- learn about the latest anti-money laundering regulation updates in Luxembourg;
- spot the red flags and link risk factors to understand main laundering techniques;
- consider the anti-money laundering controls cycle;
- challenge and apply AML internal controls;
- apply "Customer Due Diligence" (CDD) procedures to identify and manage key risk indicators within customer relationships;
- profile and monitor relationship activity;
- understand reporting obligations;
- assess their knowledge through games and the final quiz.
Content
- Introduction: concepts of money laundering
- Money laundering: impact, process and strategies
- Administrative sanctions applicable to the field of money laundering
- Legal definitions and impacts of terrorism financing
- Definition and examples of predicate offences
- Business investigation red flags
- Descriptions and examples of AML measures:
- Risk assessment
- Customer due diligence
- KYC
- Transaction monitoring
- Internal controls
- Glossary of vital directives in the AML field
Target audience
This e-learning has been designed for professionals of the financial industry seeking a baseline understanding of AML and is to be used in conjunction with applicable regulatory requirements and legislation.
Overall, it is dedicated, but not exclusively, to:
- professionals employed by financial institutions;
- personnel from accountancy practices, law firms and regulators;
- employees subject to understanding AML procedures in countries of the European Union with a focus on Luxembourg regulations.
Our lead experts
This e-learning, coordinated by Michael Weis, Partner at PwC Luxembourg, has been designed by experts of PwC Forensic Services.
Michael leads PwC’s Forensic Services practice and AML taskforce, overseeing investigations, remediation projects, and high-profile AML audits for banks and investment funds. He is the key contact for AML distribution due diligence in asset management and works closely with PwC’s global forensic network on international projects. As certified fraud examiner, Michael is recognized as an AML and forensic expert and actively contributes to industry working groups on fraud at the Institute of Internal Auditors (IIA) and the Institut Luxembourgeois des Administrateurs (ILA). He regularly conducts workshops and training on AML and fraud in Luxembourg and abroad.
Boris, Director, is the team leader of the PwC Forensic Service practice in Luxembourg. He is a subject matter expert in AML/CTF, sanctions and fraud related topics and member of the PwC internal anti-fraud and investigation task force, PwC internal AML taskforce and global financial crime team.
Alessandro is a director in the forensic services. He has been working on AML/CTF topics for more than 8 years and for PwC since 2015.
