News

Dillon Eustace launch a leading e-training solution on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). This interactive e-learning course has been fully updated to cover the latest legislative requirements. The course modules cover the following key areas:

• Why AML is important;
• Your obligations under AML/CTF legislation;
• Customer Due Diligence procedures and obligations;
• Suspicious Transaction Reporting and;
• How to identify/avoid terrorist financing transactions.

The e-learning course offers a practical way of ensuring that your directors and staff are trained and tested in money laundering prevention measures. All test results are recorded for easy verification of compliance training. Additionally this course is accredited with The Institute of Banking for 1.5 hours CPD points.

Outlined below is a detailed description of the course content in each of the core modules.

What Does the Course Cover?

Combat Money Laundering and Terrorist Financing consists of four modules, each covering a key aspect of combating money laundering and terrorist financing and ending with a short module quiz comprising randomly generated questions. A course test, also randomised and based on specific objectives of all four modules, completes the course.

Why Combat Money Laundering?

• outlines the characteristics and stages of money laundering.
• describes the effects of money laundering.
• lists the basic traits of terrorist financing.

Your Legal Obligations

• outlines the legal obligations to stop money laundering.
• discusses the provisions of the principal Irish AML/CTF legislation.
• defines the purpose of Customer Due Diligence (CDD).
• illustrates when and how to report suspicions.
• describes how tipping off can occur.
• describes the potential consequences of not fulfilling legal obligations.

Identifying the Customer and Customer Due Diligence

• indicates how to verify customer details, including those for corporate customers.
  
• describes Standard, Simplified and Enhanced Customer Due Diligence.
  
• outlines when CDD should be conducted and the considerations involved when outsourcing CDD to a third party.
• explains the main CDD requirements for PEPs and beneficial owners.
  

Suspicious Transactions and Reporting

• outlines the characteristics of money laundering transactions and describes the signs of terrorist financing transactions.
• Illustrates when and how to report suspicions.
• Describes how tipping off can occur.
• Describes the potential consequences of not fulfilling your legal obligations

The course is rounded off with a short module of randomly generated quiz questions that are based around the four key modules.

Make enquiry

If you are interested in taking this course or want to understand more about it then contact Keith Waine on keith.waine@dilloneustace.ie or phone on 01-6731822 or Andrew Bates on andrew.bates@dilloneustace.ie on 01-6731704.