Course details

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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting


Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.

Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund

Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.


You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Risk Based Approach to AML & CTF

Design and execute effective AML and CTF programmes with this course
  • Attend this intensive and highly practical 3-day training course and learn the best practice techniques to:

    • Design an effective Anti-Money Laundering Program to support your organizations Compliance and regulatory obligations
    • Establish and strengthen controls to combat terrorist financing through financial institutions
    • Understand best practices and guidelines designed to detect, investigate, report, escalate and resolve red flags, money laundering, and terrorist financing issues
    • Understand money laundering and terrorist financing processes
    • Identify both common and uncommon red flags and questionable behaviour
    • Be aware of the dangers of money laundering to clients, your organization and yourself
    • Be well prepared to help prevent criminals from using your firm to launder money and facilitate terrorist financing

    Gain appropriate knowledge and learn definitive risk management strategies through simulation exercises, class lecture, and group work to design and execute effective Anti-Money Laundering and Anti-Terrorist Financing Programs and Policies.

    Who should attend?

    This course has been specifically designed for the benefit of:

    • Middle and Back Office Personnel
    • Front Office Sales Personnel
    • Compliance, Risk, Governance Officers
    • Regulators
    • Career Switchers into Compliance
    • Administrative Officers
    • Supervisors
    • System developers
    • Risk managers
    • Reporting specialists

    The course assumes a general familiarity with financial markets, instruments and financial services.

     Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2. 
  • Day 1

    Setting the Stage: Anti-Money Laundering and Combatting Terrorist Financing Basics
    • Current international cases, fines, and legal judgments
    • AML/CTF success stories
    • Corporate and economic implications of AML/CTF
    • Key terms, definitions, and institutional differences
    • Legal and regulatory background to AML/CTF

    The Money Laundering Process
    • Placement, layering, and integration
    • Red flags: unique to each business line
    • Relationship to terrorist financing and blocked assets
    • Roles: who’s responsible for what?

    Terrorist Financing Operations
    • Funds generation
    • Transactions
    • Legal and illegal means
    • Relationship to money laundering

    Case Study and Simulation Exercise 1: Delegates will, through review of a case, be assigned roles (customers, business line, middle and back office, compliance and legal, regulators) to analyze transaction data for possible money laundering activity/terrorist financing, escalation, reporting, investigating, and resolution)

    Where It All Starts: The AML and CFT Rubric: Establishment
    • The Anti-Money Laundering and CFT Program
    • Design of an AML/CTF Policy
    • Effective Elements of the AML/CTF Program Policy

    Identifying the Effective Elements
    • Designation of an AML and CTF Compliance Officer (s)
    • Auditing for AML and CTF: internal and external
    • Ongoing training
    • Due diligence and customer identification
    • Scenario, control, and systems testing
    • Supervision
    • Reporting and information flow: suspicious activity reports
    • Surveillance, systems, and investigations
    • Staffing, credentials, experience, and characteristics
    • Escalation
    • Record keeping

    Day 2

    Combating Terrorist Financing
    • CTF Goal: to aggressively identify, escalate and deter terrorist organizations’ funding and transactions networks
    • FATF Recommendations
    • FATF Global Money Laundering and Terrorist Financing Threat Assessment (GTA)
    • Risk Assessment Methodologies
    • FATF: Inclusion vs Exclusion

    CTF Resources
    • Intelligence analysis
    • Sanctions administration
    • Enforcement
    • Financial regulatory action
    • Policy expertise
    Implementation and Application of the Rubric

    Policies, Procedures, and Controls: Implementation

    • Designation of an AML Compliance Officer
    • Auditing for AML: internal and external
    • Ongoing training
    • Due diligence
    • Customer identification
    • Supervision
    • Reporting and information flow: suspicious activity reports
    • Surveillance, systems, and investigations
    • Staffing, credentials, experience, and characteristics
    • Escalation
    • Record keeping

    Risk Based Approach
    • Geography and country risk
    • Business risk
    • Product risk
    • Reputational risk
    • Transaction risk
    • Client risk
    • Process risk

    Suspicious Activity Reporting
    • Trigger areas
    • Information flows
    • Preventing terrorist financing through AML 

    Case Study and Simulation Exercise 2: Response to Regulatory Review and Implementation of Follow Up Measures. Delegates will simulate A) regulator’concluding a review of a faulty AML Programme at a mid-sized financial institution and B) the financial institution’s response to the AML review and sanctions

    Danger Zones: Failures
    • AML/CTF compliance policy
    • Faulty testing
    • Unsatisfactory training and non-compliance with training requirements
    • Insufficient resources: systems, technology, and staff
    • Lack of follow up: connect the dots

    Organizational Settings
    • Laws, rules and regulations
    • International organizations
    • Information sharing
    • Industry organizations

    Forensic Review of Surveillance and Investigation
    • Dissecting an AML/CTF Investigation
    • A day in the life of an AML/CTF surveillance team
    • Identification of red flags
    • Business line specific AML/CTF issues
    • Technology and AML/CTF: technology-based schemes, and technology-based monitoring, surveillance, and detection

    Day 3

    Know Your Customer Best Practices
    • Policy statement
    • Rationale
    • Customer identification programme
    • Application of the customer identification programme
    • Covered customers
    • Data collection: individuals, institutions, official/governmental organizations
    • Verification: documentary vs non-documentary
    • Logical consistency
    • Additional measures
    • Lack of verification
    • Data from external financial institutions
    • Service providers
    • High risk accounts

    Special Topics
    • Shell banks
    • Politically exposed persons
    • Correspondent banks and foreign banking relationships
    • Enhanced due diligence
    • Identity theft
    • Charitable organizations
    • Volume

    Monitoring Customer Relationships
    • Consistency
    • Pattern analysis
    • Systems
    • Aggregation
    • College knowledge vs flagrant indifference
    • Risk rating
    • Monitoring credit relationships

    AML/CTF IN Practice: Implications for Business Lines
    • Internet gambling
    • Insurance fraud
    • Tax evasion
    • Wire transfers
    • Check collection
    • Funds transfer and money transmittal
    • Card dystems
    • Currency and monetary systems

    Class Exercise and Simulation 3: Development of an AML Program Policy

    Round Robin: AML/CTF and Sanctions Regulation Development

    Course summary and close
  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme


  • Mario Difiore

    After a 25 year career on Wall Street and the Federal Reserve Bank of New York, I entered the world of academia and training - and have never looked back.


    The course director is Assistant Dean, Senior Advisor and Adjunct Professor, Gabelli School of Business, Fordham University, New York (Former Co-Global Head and Director of Compliance Training, Deutsche Bank AG, Commercial and Investment Bank) He joined Fordham’s GSB Administration, July 2010 after a 25 year career on Wall Street and the Federal Reserve Bank of New York. Prior to joining Fordham, he was Director and Co-Global Head of Deutsche Bank AG’s Compliance Training Group for the Commercial and Investment Bank (CIB), as well as the Head of Americas Compliance Training. He was responsible for one of the largest financial regulation and Compliance training programs on Wall Street. In addition to his career at Deutsche Bank AG, the course director was an Assistant Director at Ten Squared LLP, a medium-sized hedge fund, as well as the Continuing Education Manager for Prudential Securities. He began his career with the Federal Reserve Bank of New York where he spent over 12 years in the Research and Statistics, International Affairs, and Public Information areas. In addition to his current university post teaching at Fordham, he has taught Finance, Economics, and Business courses at New York University, Baruch College of the City University of New York, Pace University, SUNY Empire State College, and the Mountbatten Institute (St. Mary’s College of the University of Surrey, UK). He is a former member of the Securities Industry and Financial Markets Association (Continuing Education Committee) and serves as a consultant to Deutsche Bank AG. The course director received his MBA and BA (summa cum laude) from Fordham University.



The course will take place at a Central London hotel.

The map attached details some of our most frequently used venues

If you need help booking accommodation for your visit, please contact and one of our partners will help you get the best rate possible.