Countering the Financing of Terrorism (CFT)

Course details

Combating the Financing of Terrorism (CFT) is focused on restricting the movement of funds to terrorist organizations. It may focus on a variety of entities, such as banks, charities, and businesses, and a number of activities, such as regulation, supervision, and reporting.

The primary body driving CFT is the Financial Action Task Force (FATF), a cooperative arrangement among 37 countries that work together to make policy and share information.

Why should one take Certificate in Countering the Financing of Terrorism (CFT)?
Combating the Financing of Terrorism (CFT) is mandated for compliance by financial institutions and banks. CFT has gained prominence due to increased terrorist activities across the globe.

Vskills Certificate in Combating the Financing of Terrorism (CFT) enables you to understand the nuances of CFT as well as understand various regulations and compliances relevant to combating the financing of terrorism.

The certification attests to your understanding and applying skills and knowledge in CFT and helps you to stand out amongst your peers to help in gaining better career prospects.

The certification covers

• AML - KYC Basics
• CFT Basics
• Risk Assessment
• Regulatory frameworks

Who will benefit from taking Certificate in Countering the Financing of Terrorism (CFT)?
Professionals, managers, executives working in AML-KYC or CFT domain of financial institutions, banks, delivery centers of  MNC financial institutions will benefit immensely by opting for Vskills Certificate in CFT to gain an edge in the CFT skills and be noticeable amongst their colleagues as well as make progress in their respective careers.

Students taking the certification also gain by showcasing their understanding of CFT and are able to increase their job ;
 
Benefits of Certification

• Government certification
• Certification valid for life
• Lifelong e-learning access
• Free Practice Tests

 
How It Works

1. Select Certification & Register
2. Receive Online e-Learning Access (LMS)
3. Take exam online anywhere, anytime
4. Get certified & Increase Employability

Test Details

• Duration: 60 minutes
• No. of questions: 50
• Maximum marks: 50, Passing marks: 25 (50%).
• There is NO negative marking in this module.
• Online exam.

 
TABLE OF CONTENT

Money Laundering Basics

• What is Money Laundering?
• Process of Money Laundering
• Money Laundering Methods
• Politically Exposed Persons
• Money Laundering – Case Studies
• Prevention of Money Laundering Act, 2002 (PMLA)
• RBI Guidelines regarding AML
• AML-KYC International Legislation and Cooperation
• Money Laundering Risks
• Money Laundering Risk Assessment

CFT Basics and Relevance

• What is Combating the Financing of Terrorism (CFT)?
• Process of Combating the Financing of Terrorism (CFT)
• Combating the Financing of Terrorism (CFT) Initiatives
• Money Laundering and CFT
• Financial Intelligence Units (FIUs)

Risks and a Risk-based Approach

• What is Risk?
• What is Customer Risk?
• Potential Risk Treatments
• CFT and Risk based Approach
• Customer Risk Categorization
• Risk Scoring Model
• Customer Risk Rating Best Practice
• Customer Risk Assessment

Cooperation and Coordination Strategies

• International Cooperation
• Effective International Cooperation Mechanism
• International Cooperation Mechanism Fundamentals
• FIUs Role in International Cooperation
• Domestic and Cross Border Law Enforcement Coordination
• Examples of Cooperation and Coordination
• BASEL Interaction and Cooperation between Prudential and AML/CFT Supervision

Money laundering in Designated Non-financial Business and Professions (DNFBPs)

• What are DNFPB or Designated Non-Financial Businesses and Professions?
• Which industries are DNFBPs?
• FATF Designated Non-Financial Businesses and Professions (DNFBPs)
• AML/CFT International Requirements by FATF for DNFBPs
• DNFBP AML Regulatory Challenges
• Risks Related to DNFBPs
• FATF Recommendation 12
• FATF Recommendation 16
• FATF Recommendation 24
• FATF Recommendation 25
• Examples of DNFBPs Unusual Transactions

Regulatory Frameworks

• AML / CFT Framework Relevance
• Framework Legal System Requirements
• Framework Preventive Measures
• Framework Financial intelligence unit (FIU)

International Regulations

• Financial Action Task Force (FATF)
• Egmont Group of Financial Intelligence Units
• The Wolfsberg Group
• The World Bank and the International Monetary Fund

Document Management

• What is Record-Keeping?
• FATF Recommendation 11 – Record‑keeping
• Which Records to Keep?
• Customer Identification Records

Updated on 03 January, 2024