Anti-Money Laundering/Combating the Financing of Terrorism/ 18-Feb-2019 - 22-Feb-2019

Anti-Money Laundering/Combating the Financing of Terrorism

Bankers Committee members pay N 166,335.00 only


In recent times, there has been a phenomenal growth in financial services and activities. This growth has led to increased cross border activities, with enhanced global financial intermediation. Unfortunately, this development has been accompanied by a spate of transnationally-organized crimes, including Money Laundering and Terrorist Financing (ML/TF). Given the potential negative impact of AML/CFT infractions on the socioeconomic development of any economy, financial institutions are known to have significant roles to play in complying with these regulations and in developing appropriate mechanisms to tackle this menace, minimise negative impact, and restore confidence in the system. Also, best practice requires that financial institutions undergo periodic self-assessments of their compliance status to the AML/CFT regulations, in line with statutory guidelines and requirements, to bridge identified gaps, address inherent challenges, and avert likely consequences and sanctions. In furtherance to this and ensure compliance to statutory guidelines, organizations must understand these statutory requirements and upscale their institutional capacities to effectively and efficiently monitor and manage likely impact of non-compliance for a strong viable financial system, unsusceptible to internal and external threats.

Target Participants

Financial System Operators, Inspectors, Compliance Officers, Portfolio/Treasury Managers, Insurance Executives, Financial and Investment Advisers/Analyst, Enforcement Officers, Managers and Officers in Internal Control and Audit functions from Banks and non- bank financial institutions.


At the end of the course, participants should be able to effectively:

  • Evaluate the Money Laundering Act 2011 and its Implications in case of infractions;
  • Examine the roles and responsibilities of Compliance Officers in anti-money laundering enforcement;
  • Construct a comprehensive Anti-Money Laundering Framework for individual organizations;
  • Develop risk profiling in risk rating;
  • Discuss the global dimension of money laundering and financing of terrorism Effectively carry out their roles and responsibilities in the effective implementation of the Money Laundering Prohibition Act;
  • Identify the need for KYC and the key requirements for Customer Risk;
  • Utilise techniques of recognising and reporting suspicious transactions; and
  • Examine the role of the financial system as an instrument of curtailing money laundering and financing of terrorism.



  • The Revised FATF 40 Recommendation: Implications for Financial
  • Money Laundering Techniques and the Vulnerabilities of Financial Services Products
  • Duties and Responsibilities of Compliance Officers in the Anti-Money Laundering Enforcement
  • Recognition, Handling, and Reporting of Suspicious Transactions
  • Designing a Comprehensive Anti-Money Laundering Framework
  • Customer Risk Profiling and Know your Customer (KYC) in Practice***
  • Anti-Money Laundering Crusade: The Role of NFIU
  • Curtailing Money Laundering and Financial Crimes through Multi Agency Collaborative Approach
  • Mitigating Risks and Vulnerabilities to Money Laundering
  • Engendering an Effective Compliance Structure and Maintaining a High Level of Awareness

For more information: call Christy on 0803 526 7788 or Email:

Register Now

If you would like to attend this training programme, please fill the form below and we will contact you as soon as possible. You can also pay for courses online.

Our learning sessions are unique in 4 ways

  1. Programme design & delivery recognize the needs of adult learners in career
  2. Experience sharing by practitioners, with well over two decases of experience in areas relevant to course topic, whom we call "Programme Directors"
  3. Course delivery by practitioners based on conceptual research background
  4. The essence of our corproate brand and orientation within concept implementation thinking

The fees cover tuition, course materials, group lunch, tea/coffee and snacks but EXCLUDE accommodation.
Dress Code: Formal

Discount on Fees

3 participants 5% Discount
4 participants & Above 7.5% Discount

Payment of Fees

Payment of fees should be in cash or CERTIFIED CHEQUE/BANK DRAFT made payable to the FITC before the commencement date or on arrival at the venue.

Refund of Fees

Fees paid for participants who do not turn up eventually would be refunded, subject to deduction of 25% administrative cost.


Formal lectures, case studies, participative group exercises and experience sharing.


The programme commences at 10.00a.m. on Monday, 9.00a.m other days and ends at 4.00p.m. daily.

In-plant Option

Do you intend to train more than 20 participants? Are you considering an in-plant option?
Please call us ☎

International Participants

International participants should please inform FITC of their attendance ahead of the programme, to enable us prepare airport pick-up for them.

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