Part 1 : How to create AML/CFT Compliance Program/Framework | elements of AML/CFT compliance program

This video is part of the series to help you understand the concept of AML/CFT Compliance program.

AML/CFT compliance program is everything a Bank/Financial Institution to prevent money laundering and terrorist financing. It may include policies, guidelines, procedures, built-in internal controls, customer acceptance policies, account monitoring and detection process, reporting of money laundering incidents, incorporating regulatory update etc.
There are 5 main element of AML/CFT compliance program:
1) Internal policies, procedure and controls
2) A designated compliance functions
3) An ongoing employee training program
4) An independent audit function
5) Customer due diligence requirements

[sukhdeepkaur]

Thanks for posting this video...I was actually looking for one👏

[AamerAli]

Hi . Can you please let me know what is the difference between Compliance Framework and Compliance Program.

[sanjaysk]

Hi sir, Could you please upload the AML CFT interview questions? It would be more useful.