Build practical anti-money laundering (AML) and anti-terrorist financing (ATF) skills aligned with Canada’s regulatory framework and FINTRAC reporting requirements. This beginner-friendly specialization is designed for financial institution employees, compliance professionals, banking and credit union staff, MSB representatives, and others working in roles subject to Canadian AML/ATF obligations.
Across five focused courses, you will build a foundation in money laundering and terrorist financing, customer identification, customer due diligence (CDD), transaction monitoring, regulatory reporting, and recordkeeping. You will learn how to apply Canadian requirements to common workplace situations and recognize when transactions, clients, or screening results require further review or escalation.
The specialization covers key reporting and compliance areas, including Large Cash Transaction Reporting (LCTR), Suspicious Transaction Reporting (STR), name screening, terrorist property reporting, PEP and HIO screening, beneficial ownership, and client verification. You will also explore the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and the role of FINTRAC in Canada’s AML/ATF framework.
Through practical scenarios, activities, and assessments, you will develop knowledge that can support AML/ATF responsibilities across banking, credit unions, MSBs, risk, fraud, and financial crime compliance functions.
Übungsprojekt
Throughout this specialization, learners work through realistic Canadian AML/ATF compliance situations and apply requirements to workplace decisions. Activities cover situations such as determining whether a cash transaction is reportable, applying 24-hour aggregation rules, selecting appropriate client identification and verification methods, assessing potential name-screening matches, identifying terrorist property reporting obligations, and determining whether facts support reasonable grounds to suspect.
These scenario-based exercises help learners move beyond memorizing requirements and practice applying Canadian AML/ATF rules to day-to-day compliance decisions. Learners build experience with documentation, escalation, reporting, recordkeeping, and risk-based decision-making across banking, credit union, MSB, onboarding, transaction monitoring, and financial crime compliance contexts.
