Testing the effectiveness of AML/CFT systems and controls

Professional Development


Effective AML/CFT are a key component of any regulated financial services business and a regulatory requirement. The requirements are onerous and a clear plan of action around testing the effectiveness of systems and controls is highly advisable. This seminar will review best practice and techniques available to regulated businesses in ensuring that they meet their regulatory requirement.

Suitable For

Senior individuals with responsibility in managing the testing of effectiveness of systems and controls around AML/CFT risk.

2 CPD hours
2 hours

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Understand the potential methods that can be used in testing
  • Understand the obliged persons regime and requirements around outsourcing
  • Appreciate the role of Audit and the MLCO
  • Understand Board responsibilities


  • Methods to use for monitoring AML/CFT compliance
  • Effective sampling and report writing
  • Obliged persons and outsourced functions
  • Audit requirements
  • The role of the MLCO and board reporting requirements