AGRC Fundamentals of Risk Based Approach (RBA) to Anti Money Laundering

This course explains and describes the Risk-Based Approach (RBA) to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) procedures. The RBA enables organizations to focus their efforts on areas where the risks of money laundering (ML) and terrorist financing (TF) are highest, ensuring resources are allocated efficiently and effectively.

Central to the implementation of Financial Action Task Force (FATF) recommendations, the RBA empowers supervisors, financial institutions, and intermediaries to identify, assess, and understand their ML/TF risks and adopt appropriate mitigation measures. This course includes practical guidance on using risk criteria such as country or geographic risk, customer risk, and product or service risk. Real-world examples of risk factors within these categories provide actionable insights to enhance compliance strategies.

Course Content

• Risk Assessment for Money Laundering (ML)
  Understand the importance of combating ML risks and financial crimes, enabling financial institutions to respond effectively while balancing compliance and operational efficiency.
• Risk-Based Approach (RBA)
  Learn the RBA methodology as recommended by FATF, focusing on risks associated with customer types, geographic areas, products, services, transactions, and delivery channels.
• Assessing and Managing the ML/TF Risk
  Explore how to conduct risk assessments that help allocate resources optimally and implement controls, policies, and procedures to manage and mitigate identified risks.
• Simplified and Enhanced Due Diligence Measures
  Review FATF Recommendation 1 to understand when and how to apply simplified or enhanced due diligence measures based on identified risk levels.
• AML Case Studies
  Gain practical insights through recent case studies highlighting where financial institutions failed to implement effective risk-based AML mechanisms.

Training Duration

This course is designed to be completed in approximately five (5) hours. Actual study time may vary depending on the learner’s individual pace and familiarity with the material.

Who Should Enroll?

This course is ideal for:

• Compliance and AML managers in banks, investment firms, and investment funds
• ASPs, trust service corporate providers, and lawyers
• Individuals seeking to deepen their understanding of AML risk-based strategies

Training Method

The course is delivered online in a self-paced format, allowing learners to:

• Start, stop, and resume their training at any time
• Access video presentations and reading materials
• Complete a final quiz to earn a Certificate of Completion

Accreditation and CPD Recognition

This program is developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognized GRC certification organization.

• Accredited for five (5) CPD units approved for financial regulation training.
• Recognized by institutions such as CISI and ACAMS for CPD units related to general financial training.

Eligibility for CPD units is subject to verification by your association, regulator, or membership body.

Registration and Access

Register easily by:

1. Clicking the “Register” button above to pay online and receive instant access.
2. For group purchases, creating or using individual profiles before finalizing payment.

Access Details:

• Course access is valid for 365 days.
• For corporate group rates or invoice-based payments, contact us at info@comply.academy.

Corporate and Group Training

Want to train your team? Contact us at info@comply.academy to discuss customized corporate packages and group rates.

Take the First Step

Enroll today to master the Risk-Based Approach to AML and CFT compliance and strengthen your expertise in combating financial crimes.