Anti-Money Laundering (AML), Know Your Customer (KYC) and Financial Fraud


With the focus very much on anti-money laundering and anti-terrorism, all banks are required to comply with internationally established “Know Your Customer” guidelines. 

The BIS stipulates “banks must have adequate controls and procedures in place so that they know the customers with whom they are dealing. Adequate due diligence on new and existing customers is a key part of these controls. Without this due diligence, banks can become subject to reputational, operational, legal and concentration risks, which can result in significant financial cost”. 



Learning Outcomes: 

The aim of this course is for delegates to form an understanding of South African anti-money laundering legislation within the international context, to identify money laundering risks in the business environment and to recognise and investigate money laundering cases. Consideration will be given to both theoretical and practical aspects.



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