Certified Compliance Manager (CCM)

Introduction

CCM is considered the most advanced, comprehensive certificate in the field of compliance and anti-money laundering. Compliance and AML Specialists around the globe need a complete working knowledge of every aspect of the compliance role in order to gain experience and build their careers.

• Our CCM training is based on the comprehensive, highly effective Know-How Concept.
• Our CCM study guide is practical and user-friendly, utilizing modules that organize the information in a highly intuitive way for easy learning.
• Our CCM Certification gives you the competitive advantage you need to draw the attention of recruitment agencies looking for Compliance and AML Managers.
• Our CCM Certification gives employees in the Banking and Financial Sector, the knowledge they need to better understand Compliance and AML, helping them implement strong Compliance Programs and Supervisory Practices.
• Our CCM Certification is recognized internationally by financial institutions, governments, and regulators.

Course Objectives of CERTIFIED COMPLIANCE MANAGER (CCM)

• 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

CERTIFIED COMPLIANCE MANAGER (CCM) Course Outlines

Day 1

Customer Onboarding and KYC

• Identification of Individual Accounts 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 form (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 to 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)