Financial Crime Unit | PwC's Academy

Who is it for? 
The training is addressed to audience with no prior or basic knowledge about AML Newly hired employees to FCU.

What are the expected outcomes? 
This training session is to introduce the AML related topics, provide a general overview of the subject and familiarize with AML control and compliance processes.

By the end of the session the participants should:

• Understand the scale of money laundering issues and have an awareness of key Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) issues

• Understand what the Laws and regulations that create AML obligations are and how they are similar internationally

• Understand various methods of money laundering and areas/services that are especially useful to money launderers

• Understand key AML areas, such as AML controls and compliance and what risk factors could be considered as part of a risk-based approach

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module.

Session duration
16 h 

Who is it for?
The training is addressed to audience with basic knowledge about AML and related processes. Newly hired employees to FCU. This training does not require prior KYC knowledge.

What are the expected outcomes?
This training session is to introduce the AML related topics, provide general overview of the subject and familiarize with AML processes.

By the end of the session, the participants should:

• Understand when and how Know your Customer (KYC) is carried out and how it acts as an AML Control

• Understand how risks identified as part of your risk based approach will also impact how you carry out KYC

• Know what are the key components of KYC and deep dive into the KYC requirements in Europe 

• Understand the general principles involved in KYC and see examples of how identification may be carried out using different sources and customer types 

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module. 

Session duration:
8 h 

Who is it for?
The training is addressed to audience with basic knowledge about AML and related processes. Newly hired employees to FCU
This training does not require prior Transaction Monitoring knowledge.

What are the expected outcomes?
After this training session, the participants should:

• Understand the legal background for requirement to monitor activity of the clients;

• Have a basic knowledge of transaction monitoring alerts and suspicious activity detection methods;

• Understand the process design at a high level;

• Know an example of an operational set-up;

• Be familiar with the key elements of transaction monitoring alert reviews;

• Understand the possible outcomes of transaction monitoring alert reviews;

• Know the difference between transaction monitoring and other similar terms.

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module.

Session duration:
8 h 

Who is it for?
The training is addressed to audience with basic knowledge about AML and related processes. Newly hired employees to FCU
This training does not require prior screening knowledge.

What are the expected outcomes?
Participants should understand:

• Understand the purpose of screening and how it informs our risk based approach and supports KYC

• Understand the different information or factors we may screen for

• Understand how we screen, the different tools and sources that are available and how we approach screening

• Difficulties we have to overcome when screening

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module.  

Session duration:
4 h 

Who is it for?
The training session is dedicated to the audience with basic knowledge about AML area and some geopolitical awareness .
This training does not require prior knowledge of the sanctions topic.

What are the expected outcomes?Participants should understand

• What are sanctions

• What are the different forms of sanctions

• Why they are put in place

• How they are used

What is more participants should become aware how different sanctions regimes work, when you have to comply with these regimes and how you comply with them and what are the risks involved with non compliance

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module.

Session duration:
4 h 

Who is it for?
The training session is dedicated to the audience with basic knowledge about AML area and current techonology trends.
This training does not require prior knowledge of the Fintech topic.

What are the expected outcomes?Participants should understand

• What is Fintech
• What is current regulatory landscape
• AML risks specific to Fintech industry
• Fintech as a Client: AML approach of Banks

Who delivers the programme?
The training is delivered by a designated group of the induction trainers, which were previously prepared to deliver particular training module.

Session duration:
4 h