Bankersonline presented the astounding fact that the fines levied to banks and financial institutions has increased drastically from 2010 to 2013. Although, some were due to intentional acts and others were due to oversight by employees which provided an opportunity for the regulators to consider fining the institution for a breach of the law.

So many experts as well as the regulators have mandated that organizations should be proactive by performing audits of their AML compliance program to ensure an effective AML compliance program.

Bearing this in mind we have developed this course “ How to perform AML/CFT audit of any institution and Guide to CAMS-Audit Certification.” This course will be useful for the internal and external auditors who do not know about performing AML/CFT audits, for compliance staff who want to measure implementation status of controls to reduce AML/CFT risk, and for those candidates who want to pursue CAMS-Audit certification.

In this course, we will take you through AML/CFT Audit Process of a fictional company Rayne Development Bank, where you will get first-hand knowledge regarding the planning, implementation, and closure of an audit. This will help you in designing your own AML/CFT audit program for your organization. We have used the power of storytelling through animation to ensure that your learning experience is fun and joyful.