ML/TF Risk Assessment
Fundamentals
Learn how to conduct effective ML/TF risk assessments, using the
SIRA methodology. SIRA is short for Systematic Integrity Risk
Analysis, and is a proven method for the assessment of potential
ML/TF risks.
ML/TF Risk Assessment Fundamentals
Risk Assessment is the basis of a good AML/CFT Compliance Framework.
A ML/TF Risk Assessment enables an organization to understand how, and to what extent, it is vulnerable to money laundering and terrorist financing.
This professional certificate course teaches you how to conduct an effective ML/TF risk assessment, and how to immediately implement this in your organization or compliance department.
This ML/TF Risk Assessment Fundamentals course is ideal for anyone who is involved in the anti-money laundering process in Europe, such as:
Course content
What will I learn?
The first module covers the legal requirements, key principles, approach and best practices relating to risk assessments. In other words, you will learn the necessary theory for conducting a risk assessment.
Lesson 01 - Introduction
Lesson 02 - The basics
Lesson 03 - General considerations
Lesson 04 - Business-wide risk assessment
Lesson 05 - Individual risk assessment
Lesson 06 - Linking both risk assessments
Lesson 07 - Sources of information
Lesson 08 - Keeping risk assessments up-to-date
Lesson 09 - Reporting
Lesson 10 - Summary
At the end of module 1, there is an online assessment, which you need to pass in order to progress to the next module. Answers are marked instantly and automatically, allowing you to know straight away whether you have passed. If you haven’t passed, or if you feel you can do better, there’s nothing to worry about. You can try again until you get it right, or challenge yourself to get the best possible score. There is no limit on the number of times you can take the assessment.
The second module dives deeper into the "how".
Lesson 01 - Introduction
Lesson 02 - The business inventory or organization overview
Lesson 03 - Risk scenarios
Lesson 04 - Scoring system
Lesson 05 - Risk analysis
Lesson 06 - Analysis of control
Lesson 07 - Net risks & control measures
Module 3 is a live and interactive classroom session. The goal of this session is to apply the theory from module 1 and 2 into practice. You will work on case studies and a pre-defined assignment.
By the end of this comprehensive course, you have an excellent understanding of the steps involved in conducting an effective ML/TF risk assessment, using the SIRA methodology.
Once you’ve successfully completed the course, you will receive a digital certificate. Our certifications have no expiry dates, although we do recommend keeping your knowledge up-to-date, as AML legislation is constantly changing.
Pierre Simon, CAMS-RM, CCEP-I, et al.
I started my career with the Aruba Police Force in 1997, and moved on to study law at the Vrije Universiteit in Amsterdam. Subsequently, I specialized in management consulting and compliance. This is where my passion for compliance started. I currently hold the titles CAMS, CCEP-I, CDPO and I’m a Certified Auditor for ISO 19600 & 37001.
My goal is to help organizations detect, prevent and report fraud and money laundering. In addition, I am happy to help set up effective compliance programs so that organizations can better deal with integrity risks by means of knowledge and competence. And because compliance is my passion, I was honored to receive a nomination for the National Compliance Award in 2017.
Reviews
Excellent course
“Well done for coming up with this immersive and interesting course. I liked the structure and videos/lectures as having less text on the screen allowed me to concentrate better. It is also an eye opener to anyone working in AML/CFT. It serves as an aid in creating a AML/CFT health check to understand where your business stands vis-a-vis meeting all applicable AML/CFT obligations.”
Christina Farrugia, MLRO
Enroll now!
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Hoofddorp, The Netherlands
mail@simon.academy
About Us
Simon Academy is a dedicated AML compliance training platform. Our courses are developed with the help of certified professionals with extensive knowledge of Financial Crime Compliance.
Simon Academy is part of Simon Consulting.
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