Anti-Money Laundering, Combating the Financial Crimes for Banks and Financial Institutions

Class Description

OBJECTIVE
The objective of the course is to provide participants with essential skills and knowledge in AML compliance, identifying potential financial crimes, reporting requirements, and customer due diligence.

TARGET GROUP
This course is designed specifically for managers and officers of banking institutions and other related companies who are involved in risk and compliance, treasury, operations, credit, legal, customer care, and internal auditing. Further, consultants and officers from law enforcement agencies are also encouraged to participate.

COURSE CONTENTS
i. An overview of money laundering and financial crimes
ii. Methods used to launder money and loopholes exploited
iii. Red flags for money laundering activity
iv. Implementing an effective KYC program
v. Conducting effective Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
vi. Monitoring customer activity and accounts
vii. Anti-Money Laundering Act RE 2023
viii. Anti-Money Laundering and Proceeds of Crimes Act 2009
ix. Detecting and reporting money laundering cases
x. Account opening and customer interviews
xi. International Initiatives on AML and combating financial crimes

COURSE FEE
The course is offered at TZS 1.0 million for resident participant and TZS 2.7 million for non-resident. This fee covers tuition, course materials, lunch, and mid-session refreshments.

PAYMENT DETAILS
Please make the payment of your fees using the following channel:

1. Local Participants from Commercial Banks
Bank Transfer through TISS Transferee Bank: Bank of Tanzania Account Number: 9944713006
Account Name: Course Fees SWIFT CODE: TANZTZTXXXX

2. Local Participants from Government Agencies
Transferee Bank: Bank of Tanzania Account Number: 9924191003 Account Name: Bank draft Issued SWIFT CODE: TANZTZTXXXX

3. Foreign Participant Account Details
Bank Name: Citibank
Bank Swift Code: CITIUS33 Account Holder: Bank of Tanzania Account Number: 36113007

MODE OF APPLICATION
Please apply through the Bank of Tanzania Academy website at https://academy.bot.go.tz/ at latest two (2) days before the commencement of the programme.
The Principal,
Bank of Tanzania Academy,
P.O. Box 131, Capri-Point,
MWANZA
+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 503 380
Email: academy@bot.go.tz

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