Anti-Money Laundering for SACCOs

What money laundering is, how it reaches a savings and credit institution, and what you are expected to do about it. Starts with the knowledge every staff member needs, then covers the Wakandi AML Risk Monitoring tool that turns it into daily work.

Lessons

1. What money laundering is, and how it works
2. Why a SACCO is a target, and what is expected of you
3. Know Your Customer: getting a member identified properly
4. Customer due diligence and the risk-based approach
5. Keeping due diligence up to date
6. Politically exposed persons and sanctions: what the checks are for
7. Red flags: what suspicious activity looks like in a SACCO
8. Your duty to report, and why you must never tip off
9. Records, retention and being ready for an inspection
10. Write notes that survive an inspection
11. What CAMS monitors for money laundering
12. The eleven AML monitoring rules
13. The AML Risk Monitoring dashboard
14. How to work an AML case
15. How an AML case is scored
16. How to screen a name against sanctions lists
17. How to open a member's AML profile
18. How to trace a transaction and see which rules ran
19. The AML Reports screen