Training Course: Certified Compliance Manager (CCM)

Introduction

The Certified Compliance Manager (CCM) certification is the most advanced and comprehensive credential in the field of compliance and anti-money laundering (AML). This role demands extensive knowledge of all aspects of compliance and AML, which enhances skill development and career growth. The CCM training is based on the concept of comprehensive and effective knowledge. Our CCM study guide is a practical and user-friendly resource, organizing information in an intuitive manner to facilitate learning. The CCM certification provides holders with a valuable competitive advantage, attracting the attention of recruitment agencies seeking compliance and anti-money laundering managers. It equips professionals in the banking and financial sectors with the necessary knowledge to better understand compliance and AML practices, enhancing their ability to implement robust compliance programs and effective oversight methods.

The CCM certification is internationally recognized by financial institutions, governments, and regulatory bodies, adding global value to the credential.

Course Objectives

• Customer Onboarding and KYC.
• Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF).
• Advanced AML Investigations.
• International Sanctions and Embargoes.
• Regulatory Compliance Management.
• Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS).
• Develop your AML and compliance systems.  

Course Outlines

Day 1

Customer Onboarding and KYC

• Identification of Individual Accounts for Charities, Non-Profit Organizations, Embassies, and Government Agency Accounts.
• Accounts by Power of Attorney or Bank Authorizations.
• Identify the Real Beneficiary of the Account.
• A Design for KYC forms (individuals).
• Know your customer entity form (companies).
• KYC Form Design for Companies.
• General Terms and Conditions.
• European Data Protection Act (General Data Protection Regulation - GDPR).
• FATCA Procedures When Opening an Account.
• Opening (Non–Face-to-Face) Account.
• Incomplete Accounts.
• Modify the Customer Data & Customer Risk Rating.
• KYC Update & Online KYC Update.
• Opening Accounts for People with Disabilities (Heroes).
• General Rules and Guidelines.
• Dormant Accounts, Closure of Accounts, and Processes of Account Opening.
• Digital Identity and Electronic Know Your Customer (EKYC).

Day 2

Anti-Money Laundering and the Financing of Terrorism

• The Concept of Money Laundering.
• Elements of the Concept of Money Laundering.
• Original Crime.
• Financial or Physical Returns from the Original Crime.
• Camouflage and Concealment.
• Knowledge of the Sources of Funds.
• Terrorist financing.
• The Difference between Money Laundering and the Financing of Terrorism.
• The Consequences of Money Laundering and Terrorism Financing Crimes.
• The Most Important Methods of Money Laundering and Financing of Terrorism.

Day 3

Advanced AML Investigations

• Correspondent Banking.
• Internal Accounts.
• Actions to Be Taken When Dealing with a Suspicious Customer.
• Unusual Transaction.
• Transactions Monitoring.
• Alert-Investigations (Case Management).
• Confidentiality of Suspicious Activity Reports.
• AML FinTech Highlights.
• AML Robotic Processes Automation (Case Management).
• Summary of FATF Recommendations.
• Factors of Successful Compliance and AML Program.
• Money Laundering Risk Classification.
• Customer’s Risk Rating.
• Types of Money Laundering Risk Classification.
• Electronic AML Risk Rating.
• Risk Assessment of Correspondent Banks.
• AML Risk-Based Approach.

International Sanctions and Embargoes

• Introduction.
• Definition of Sanctions.
• The Importance of Imposing Sanctions.
• Processes.
• Dealing with High-Risk Countries.
• Systems.
• Reporting.
• The Most Important International Sanctions.
• United Nations.
• United States Initiatives.
• EU Sanctions.

Day 4

Regulatory Compliance Management

• The Scope.
• Compliance with Direct Regulatory Bodies Instructions.
• Compliance with Internal Policies in the Institution.
• Relationship of the Compliance Department with Other Departments Within the Institution.
• Organizational Structure.
• Compliance Monitoring and Examination Process.
• Risk-Based Approach in Compliance Examination.
• Summary of Inherent Risk Calculation, Risk Mitigation, and Residual Risk.
• Issuing Regulatory Compliance Reports.

Day 5

Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)

• Definition of FATCA.
• Types of FATCA Agreements.
• Risk of Non-Compliance with FATCA.
• Definition of a US Person (subject to FATCA).
• FATCA Responsible Officer.
• Tax Evasion Practices.
• How to Deal with the Pre-Existing Accounts (four projects).
• Documents Required for Accounts Subject to the Law.
• Joint Accounts.
• Minors Accounts.
• Power of Attorney.
• Employee’s Accounts.
• Recalcitrant Accounts.
• Annual reporting.
• Common Reporting Standards (CRS).