The Centre for Executive & Professional Learning

Anti-Money Laundering (AML) Governance

Overview

This program is for you if you’re working in AML operations and want to move into AML governance, consulting or strategy. It is also designed for leaders and managers looking to enhance and develop their skills across the end-to-end target operating model of a program, including FinCrime/AML managerial skills, project set ups/management and executive presence.

You’ll be taught by expert faculty who are working in the field, gain hands-on experience and learn about recent industry trends and regulatory changes. To enhance your learning and provide networking opportunities, this program also features a variety of guest speakers.

Program Delivery

This executive certificate will be offered through online delivery. Courses run on weekday evenings, allowing you to work full time while earning this certificate.

Courses

This certificate consists of three interconnected courses and can be completed in a total of 18 weeks.

Course by course registration and payment options are available. Please contact us for more information.

Course 1: Anti-Money Laundering (AML) Program Governance

You will learn the key components of AML governance and oversight, including compliance team responsibilities, sanction policy implementation and management and board reporting. Transaction monitoring, sanction screening and reporting will also be covered. In addition, you’ll have an opportunity to build customer and enhanced due diligence checklists for customer onboarding.

Course 2: Know Your Customer (KYC) and Customer Due Diligence (CDD) Program Governance

You’ll review the KYC and CDD regulatory landscapes in Canada, the United States and the European Union among other jurisdictions. Topics include risk appetite frameworks, policies and quality assurance. The course also covers sanction governance, due diligence and ongoing monitoring. Assignments consist of hands-on, real-life examples, including KYC and sanction case studies.

Course 3: AML Program Operations: Transactions Monitoring, Investigations and Reporting

You’ll learn about transaction monitoring and regulatory reporting landscapes across multiple jurisdictions. Topics include sanction screening tools, risk coverage assessments and optimization strategies. Investigation procedures, operations and management, including quality assurance and testing reviews will also be covered. In addition, travel rules and document retention related to transaction monitoring and reporting will be reviewed. Recent sanction developments including alert clearing and risk and escalation processes will be explored. Assignments focus on hands-on, real-life examples and case studies.

Guest Speakers

In this program, you’ll have the opportunity to hear from and network with a variety of industry leaders in the AML field, including those who lead internal audit teams, leaders of AML risk departments, chief compliance officers, and AML leaders from the gaming sector.

AML Information Session

Date: Wednesday, June 19

Time: 7 to 8 p.m.

Registration closed

Check back for Fall 2024 dates.

Watch this video to learn more about the AML Governance executive certificate.

Questions?

Please contact Sophie Pether at sophie.pether@senecapolytechnic.ca.

Learning Outcomes

In this program, you will learn to:

design an AML target operational model to meet regulatory requirements
implement an AML governance, oversight, and end-to-end program model to mitigate risks and build control
design a Know Your Customer (KYC) information and due diligence process to identify client bases
implement an Inherent Risk Assessment and customer risk rating to build control and mitigate risks
build an enhanced risk assessment for elevated risk clients
develop KYC remediation plans and refresh strategies for ongoing monitoring of client bases
design an AML transaction monitoring and regulatory reporting program to meet regulatory requirements
design a sanction program to meet regulatory requirements and mitigate reputation risk
implement transaction monitoring policies and procedures
develop a sanction screening program to document investigative procedures and mitigate risks
discuss recent regulatory landscape changes to stay informed of current issues and industry practices

Meet your professor

Ramzi Bou Hamdan

Ramzi Bou Hamdan is an associate partner at one of the Big Four accounting firms, leading the financial crime/anti-money laundering consulting practice in Canada. He has 16 years of experience in advisory services and financial crimes, specializing in anti-money laundering, fraud, assurance and strategy and transformation services. He is a Certified Public Accountant (CPA), a Certified Anti-Money Laundering Specialist (CAMS), a Certified Financial Crime Specialist (CFCS) and a Certified Cryptocurrency Investigator (CCI).

Testimonial

"It was a very interactive program, which enabled me to create scenarios from what was taught during the course. The assignments were a really good way of applying our learning and work experience. This program shows that AML has a lot of depth and layers… Overall, [it] was a great learning and networking experience. [Ramzi’s] passion for this line of work is really a great inspiration and I am glad to have met and learned from him. The effort he put into this course has been exceptional.”

— Anthony Campos, KYC & AML professional

"Enrolling in this executive certificate was the best decision I made this year. I learned so much about a field I am interested in, boosted my confidence, and was ultimately successful at securing a job in the field. Teresa was a responsive, supportive, and helpful program co-ordinator, and Ramzi is very knowledgeable and has a desire to see everyone succeed."

— AML student, Winter 2023 Term

"The AML Governance professor challenged the class to be forward thinking, open to constant change and cultivate curiosity to be better AML leaders. I highly recommend this executive certificate program – you will walk away with more knowledge than you could imagine."

— Product Analyst, TD Bank