Course curriculum

  • 1

    Welcome

    • A Warm welcome

    • Contents
  • 2

    Part 1: The Basics of Money Laundering, Terrorist Financing and Other Terms

    • Part 1: The Basics of Money Laundering, Terrorist Financing and Other Terms

    • Money Laundering

    • The 3 Stages of Money Laundering

    • The Impacts of Money Laundering

    • Terrorist Financing

    • The Costs of Terrorist Financing

    • Proliferation Financing

    • The Costs of Proliferation Financing

    • Cryptocurrency Considerations
  • 3

    Part 2: Case Studies

    • Part 2: Case Studies

    • TD Bank hit with $3 Billion AML Penalty

    • TD Bank Continued

    • ISIS-K (ISKP) and Cryptocurrency

    • ISIS-K (ISKP) Part 2

    • ISIS-K (ISKP) Part 3

    • ByBit Cryptocurrency Heist

    • ByBit Cryptocurrency Heist Part 2
  • 4

    Part 3: Legislative Framework And The Role of AML Officers And The Board

    • Part 3: Legislative Framework And The Role of AML Officers And The Board

    • BVI, AML/CTF Legislative Regulatory Framework

    • BVI AML/CTF Legislative and Regulatory Framework

    • Regulatory Authorities

    • Codes and Guidelines

    • National Risk Assessment of Legal Persons and Legal Arrangements (NRA) Key Highlights (2025)

    • Institutional Risk Assessment (IRA)

    • Institutional Risk Assessment Risk Categories & Methodology

    • The Proceeds of Criminal Conduct Act:

    • Anti-Money Laundering Regulations (AML Regs)

    • AML & Terrorist Financing Code of Practice (AML Code)

    • Enforcement and Penalties – BVI AML/CFT/CPF Regime

    • The Roles in AML Compliance

    • Compliance Officer (CO) Duties and Responsibilities (BVI Regulatory Code, 2009)

    • Money Laundering Reporting Officer (‘MLRO’)

    • MLRO Appointment Approval Requirement AML Regulations, 2024 (Amendment)

    • Enhanced MLRO Notification and Compliance Requirements

    • Enforcement Actions and Compliance Trends

    • AML/CFT/CPF Policy and Strategy – BVI (2025-2027)
  • 5

    Part 4: International Standards

    • Part 4: International Standards

    • FATF grey listing of the BVI

    • Other International Standard Setters
  • 6

    Part 5: The Risk Based Approach & AML Programme

    • Part 5: The Risk Based Approach & AML Programme

    • The Risk Based Approach (RBA)

    • AML Business Risk Assessment

    • AML/CFT/CPF Policy and Strategy – BVI (2025-2027)

    • Customer Due Diligence (CDD)

    • Identification vs Verification

    • The Timing of identification and verification

    • Electronic, Know Your Customer (E-KYC)

    • Control and Ownership

    • Beneficial Ownership Regime Changes

    • Source of FUnds vs Source of Wealth

    • Enhanced Due Diligence

    • High-Risk Scenarios requiring Enhanced Due Diligence

    • Politically Exposed Persons

    • Record Keeping Procedures

    • Geographic Risk

    • Employee Screening and Training
  • 7

    Part 6: Suspicious Transaction Reporting

    • Part 6: Suspicious Transaction Reporting

    • Suspicious Activity Reporting (SAR)

    • Internal Procedures for SAR

    • Tipping Off Offence
  • 8

    Part 7: Transaction Monitoring And Ongoing Monitoring

    • Part 7: Transaction Monitoring And Ongoing Monitoring

    • Ongoing Monitoring and Cyclical Reviews

    • Transaction Monitoring (TM)

    • One-Off Transactions

    • Guidance on an Effective Approach to Ongoing Monitoring

    • Record Keeping

    • Subscriptions in Kind and Virtual Assets

    • Enhanced Due Diligence for Subscriptions in Kind Practical Guidance
  • 9

    Part 8: Targeted Financial Sanctions

    • Part 8: Targeted Financial Sanctions

    • Targeted Financial Sanctions (TFS)

    • Revised Sanctions Guidelines British Virgin Islands, 2025

    • Compliance with Targeted Financial Sanctions (TFS)

    • Risks for FSPs of Non-Compliance with TFS
  • 10

    Thank you

    • Thank you

    • Annual AML Training