Anti Money Laundering Compliance Services

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Anti Money Laundering (AML) Training Program

From the Common Wealth games case to 2G scam, money laundering has been prevalent in India for a long time! With huge amounts of money unaccounted for or obtained by illegal activities, the market suffers prolonged losses with serious repercussions.

The Indian Government since has formulated a number of laws to protect its economy from illicit activities. One such act is the Prevention of Money Laundering Act, 2002.

 

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Synopsis of the AML Training Program

 

Our AML training program is divided into two sections that include:

 

  1. Money Laundering and its stages
     
    • Activities that are defined as money laundering.
    • Identifying different methods of money laundering.
    • Understanding how these methods are used to convert ‘dirty money’ into ‘clean money’.
  2. Prevention of Money Laundering Act (PMLA) compliance and identifying suspicious transactions.
     
    • Definition of Money Laundering as per the PMLA act.
    • Roles of various reporting entities under the act.
    • Content of the required details to be communicated with the authorities.
    • Various legal obligations under the PMLA act like KYC, maintaining transactional records, etc.
    • Examples of ‘Suspicious Transactions’ and reporting them.

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Benefits of AML Training Program

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Alert Employees

Persons who understand the concept and ways of money laundering along with the legal repercussions mentioned in the PMLA act will avoid getting involved in such activities. Moreover, they tend to act as whistleblowers in case they come across any illegal money transactions by their counterparts.

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Transparent Finances

A company with clean financial records bodes well with the authorities. It also enjoys the trust of all its stakeholders and shareholders alike. This directly translates into the company’s reputation and productivity.

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Efficient Financial Security

Through our AML training program, each of your employees will be able to contribute towards the financial security of your company. Due to constant monitoring of transactions, any illicit activity shall be duly reported and acted upon, saving the hard-earned honest money of your company.

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Compliance with AML act

There are severe penalties for not complying with the AML act. Our AML Course not only coaches your employees & other stakeholders to keep an eye out for anything suspicious in the financial department but also ensures that your company is compliant with every aspect of the act.

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Catalyse Growth

Overall business standards and AML act-awareness within a business will be substantially improved by the understanding of our AML Training Program, helping increase the productivity of the workforce.

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Creates Awareness

Our AML online training modules will effectively communicate your company’s policies to your employees and other stakeholders.

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Complykaro's Anti Money Laundering AML Training

Want to make sure your organisation complies with the Prevention of Money Laundering Act (PMLA)? Our Anti Money Laundering Online Training Program is the right fit for you.

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