Legalogix Academy offers a comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Training Program, designed to equip professionals with the knowledge and skills needed to effectively identify, mitigate, and prevent money laundering and terrorist financing activities. This program is aligned with international standards (FATF, EU Directives), national Lithuanian regulations, and evolving industry best practices.

Who Should Attend

• Banks, e-money institutions (EMIs), crypto service providers, payment service providers

• Compliance officers, AML analysts, internal auditors, and risk management professionals

• Professionals seeking a robust understanding of AML/CTF frameworks and practices

Key Features

• Up-to-Date Curriculum: Reflects ongoing changes in AML/CTF regulations and international standards.

• Practical Approach: Emphasizes real-world scenarios, case studies, and exercises.

• Expert Instruction: Led by professionals experienced in both Lithuanian and global regulatory environments.

• Flexible Delivery: Available online, in-person, or through blended learning solutions.

Detailed Training Plan

Module 1: Foundations of AML & CTF

1.1 AML & CTF Concepts and Terminology
1.2 Definitions: Proceeds of Crime, Predicate Offenses, Terrorist Financing
1.3 Stages of Money Laundering (Placement, Layering, Integration)
1.4 Emerging Risks: Virtual Assets & Crypto (Briefly)

Module 2: AML/CFT Regulatory Framework

2.1 FATF Recommendations & EU Directives (4AMLD, 5AMLD, 6AMLD)
2.2 Lithuanian AML Legal and Regulatory Framework
2.3 Roles and Responsibilities of Key Lithuanian Institutions (BoL, FCIS, FIU)
2.4 AML/CFT Requirements for Banks and EMIs
2.5 Interaction with European Authorities (EBA, ESMA)

Module 3: Risk-Based Approach (RBA)

3.1 Regulator Expectations for RBA Implementation
3.2 Conducting Enterprise-wide AML Risk Assessments
3.3 Identifying and Managing Customer, Geographic, Product, and Delivery Channel Risks
3.4 Enhanced vs. Simplified Due Diligence
3.5 Continuous Monitoring and Updating AML Risks

Module 4: Customer Due Diligence (CDD) & KYC

4.1 Identification and Verification Requirements
4.2 Beneficial Ownership Identification
4.3 Enhanced Due Diligence (EDD) for High-Risk Customers (including PEPs)
4.4 Ongoing Relationship Monitoring
4.5 Digital and Remote Customer Identification Processes

Module 5: Transaction Monitoring & SAR/STR Reporting

5.1 Transaction Monitoring and Detection of Suspicious Activity
5.2 Red Flags and Indicators of ML/TF
5.3 Filing STRs to FIU (Procedures and Common Errors)
5.4 Data Retention and Confidentiality Obligations
5.5 Freezing Funds & Escalation Procedures

Module 6: AML Compliance Program & Controls

6.1 Establishing an AML/CTF Compliance Framework
6.2 Roles & Responsibilities: AML/CFT Compliance Officer & Management Body
6.3 Staff Training and Awareness
6.4 Building and Sustaining a Compliance Culture
6.5 Independent AML Audit and Three Lines of Defense Model

Module 7: Sanctions Compliance & Screening

7.1 Sanctions Regimes Overview (EU, UN, UK, USA)
7.2 Sanctions Screening Procedures
7.3 Handling Matches, False Positives, and Reporting
7.4 Audit Trails for Sanctions Compliance

Module 8: Specific AML/CTF Risks in Banking & EMI Sector

8.1 AML Risks in Banking Products and EMI/PI Payment Services
8.2 Correspondent Banking Relationships AML Risks
8.3 SEPA and Instant Payments AML Risks
8.4 Limited Overview: AML Risks of Crypto and VASPs

Module 9: Technology in AML Compliance

9.1 Transaction Monitoring & Analytical Tools
9.2 RegTech for AML Automation
9.3 GDPR and Data Protection Compliance
9.4 Digital Identification Tools & Enhanced Due Diligence Solutions

Module 10: Cooperation & Regulatory Interaction

10.1 Internal AML Incident Reporting & Escalation
10.2 Cooperation with Regulatory Authorities (BoL, FIU, FCIS)
10.3 Regulatory Inspections and Supervisory Expectations
10.4 Effective Regulatory Communication Practices

Module 11: International Standards & Continuous Improvement

11.1 International AML Standards (Wolfsberg Principles, Basel Committee Guidance)
11.2 Benchmarking AML Programs against Global Standards
11.3 Continuous Improvement & AML Program Updates
11.4 Lithuania’s AML Performance in International Assessments (Moneyval, Basel Index)

Module 12: AML Case Studies & Practical Scenarios

12.1 Real-world AML/CTF Cases from Lithuania & EU
12.2 Practical Exercises: STR Filing, Transaction Analysis, KYC/CDD Reviews
12.3 Internal Checklists for AML Controls
12.4 Lessons from Enforcement Actions

Module 13: Assessment & Certification

13.1 Module-wise Knowledge Checks
13.2 Final Examination & AML Certification

Learning Outcomes

• Develop a clear understanding of AML/CTF concepts, risks, and regulations

• Apply a risk-based approach (RBA) to meet legal and regulatory expectations

• Conduct proper Customer Due Diligence (CDD), enhanced due diligence, and ongoing monitoring

• Recognize and report suspicious transactions and activities in line with Lithuanian and EU requirements

• Build a culture of compliance through effective internal controls and auditing mechanisms

• Keep pace with evolving regulations, sanctions regimes, and new technological solutions

Certification

Upon successful completion of the program (including the final examination in Module 13), participants receive a Legalogix AML/CTF Certification, recognizing their thorough understanding of AML/CTF principles and compliance practices.