Instructor for this course

Anti-money laundering (AML) refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Anti-money laundering laws cover a limited range of transactions and criminal behavior, but their implications are far-reaching.

Measuring the current scale of money laundering is extremely difficult. The World Bank (WB) and International Monetary Fund (IMF) have estimated the volume of money laundering to be between 3% and 5% global (GDP), equivalent to approximately US $2.2T to US $3.7T annually. According to the U.S. Department of the Treasury, more than US $300B is laundered in the United States annually.

In our first segment on Anti-Money Laundering – Understanding the process we focused on:

  • Understanding how money laundering occurs
  • The three stages of money laundering
  • Reviewing legislation passed to address money laundering

In this session, we will delve further into some of the legislation and compliance needs that focus on establishing a strong Anti-Money Laundering program.

Learning Objectives

  • Explore requirements of a compliance program.
  • Explore compliance program requirements under the Bank Secrecy Act.
  • Explore FAFT Recommendations related to AML.
  • Explore the requirements of an AML compliance professional.
  • Identify and understand customer identification requirements as it relates to AML.
  • Discover and learn components of establishing a customer identification program.
  • Recognize and understand who has trading authority over an account.
  • Explore the goals of exposing money-laundering via a compliance program.
Last updated/reviewed: May 25, 2022

5 Reviews (13 ratings)Reviews

Anonymous Author
It is super important to know the FATF recommendations and acts around compliance. Our aim is to ensure that we follow an extensive compliance procedure.
Member's Profile
An intense and well-presented course for compliance professionals that provide a comprehensive picture of AML as part of Compliance
Anonymous Author
It is a quite interesting courses to understand how to establish a compliance program for Anti-Money-Laundering.
Anonymous Author
Great course of anti money laundering - establishing a compliance program
Anonymous Author
Course is verify helpful in understanding BSA and AML program.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  7:12Introduction to Anti-Money Laundering - Establishing a Compliance Program
  6:18AML Compliance Program
  7:01Compliance Program Requirements of Bank Secrecy Act
  9:37Financial Action Task Force Recommendations(FATF)
  9:59FATF Recommendations Cont'd
  12:21Recommendations Updates
  7:02 Requirements for the Compliance Person
  6:44Customer Identification Requirements and Recordkeeping
  9:30Customer Identification Program (CIP)
  9:38Goals of Exposing AML
  1:27:14Anti-Money Laundering - Establishing a Compliance Program
  PDFSlides: Anti-Money Laundering - Establishing a Compliance Program
  PDFAnti-Money Laundering - Establishing a Compliance Program Glossary/ Index