AML FOR FINTECHS
Financial Technology (Fintechs) companies are particularly susceptible to financial crimes and money laundering. Therefore, the anti-money laundering approach must be adapted to fit the risk factors that are prominent in this industry. This AML Fintech course will walk you through the traditional risk factors adapted to fintechs as well as industry specific risks such as cyber crime.
Obtain AML Fintech certification to boost your AML career or to enhance the knowledge level of your team. Fintechs are part of the future of global finance and anti-money laundering procedures differ from traditional financial institutions.
What you’ll learn
• How to apply AML procedures and KYC checks to fintechs
• Which additional risk factors apply to fintechs. E.g. cybercrime
• How these risks can be minimized
• How fintechs can integrate traditional KYC into their modern high-tech framework
Intended audience
• Entry-level AML compliance professionals looking to expand their knowledge
• Mid-level AML compliance professionals looking to expand their knowledge
• Individuals looking to start a career in AML Fintech compliance
• Fintech business owners and their staff
• Individuals working in Fintech companies
• Entrepreneurs looking to start a financial technology company
Course characteristics
| Content | Standard Course | Certified Course |
| AFC-Learning Nuggets | ✓ | ✓ |
| Knowledge Checks | ✓ | ✓ |
| Self-paced | ✓ | ✓ |
| Real-life example cases | ✓ | ✓ |
| Interactive tasks | ✓ | ✓ |
| 24/7 access anytime& anywhere | ✓ | ✓ |
| Up to date | ✓ | ✓ |
| Courses developed by experienced AML experts | ✓ | ✓ |
| Personalized Certificate | ✕ | ✓ |
| Bonus best practice tips | ✕ | ✓ |
| Useful downloadable bonus material | ✕ | ✓ |
| Bonus Digressions | ✕ | ✓ |
| Live Q&A Session with one of our training professionals | ✕ | ✓ |
| Marked final assessment | ✕ | ✓ |
The AML Fintech course covers important technological aspects and potential money laundering threats that accompany them. Blockchain technology virtual currencies, decentralized finance, machine learning algorithms, mobile banking, crowdfunding, insurtech and stock trading are merely a sample of the terms that you may come across when diving deeper into the field of financial technology.
Money launderers are constantly looking for new ways to launder their illicit funds and look to abuse new trends and technologies to circumvent anti-money laundering efforts. AML Fintech analysts must therefore stay up to date with these trends in order to effectively combat money laundering in this booming industry.
Fintech focuses a lot of on automation, therefore anti-money laundering solutions for fintech companies must be able to handle such automated process and data flows. This can often be achieved using third party or self-developed software solutions which work in tandem with the software system used by the respective fintech company. AML Fintech solutions, while also demonstrating a high level of automation and background analysis cannot fully replace a capable KYC analyst who must make a final decision based on the relevant risk profile provided to him or her.
This AML Fintech course will ensure that you have the background knowledge required to successfully identify relevant risks and make a rational decision whether to escalate a case or complete it, which further documents to outreach. You will develop a sense for which red flags to look out for and where they may usually be hidden.
Individuals
Will you aid us in the fight against money laundering and prevent money launderers from abusing fintechs in order to create a safe and innovative environment for financial technology solutions to thrive and create new, efficient and helpful solutions to end consumers and businesses.
Business Owners
Ensure that your business or institution remains compliant in order to avoid fines and other restrictions so that you can focus on entirely on optimizing and promoting your product or service. Educated employees can increase effectiveness and reduce costs when undertaking relevant anti-money laundering checks and ongoing monitoring. AFC Academy certified employees are ready to go immediately and save you a lot of time & effort in the ongoing efforts in AML Fintech.