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Certificate Program on Anti-Money Laundering (AML) Measures

The training material covers key aspects of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF), based on the Law of Georgia on Facilitating the Prevention of Money Laundering and Terrorism Financing (hereinafter – “the Law”), the Regulations of the Financial Monitoring Service of Georgia (FMS), normative acts and guidelines of the National Bank of Georgia, and the recommendations of the Financial Action Task Force (FATF) and other relevant international organizations that currently define global AML/CTF standards.

  1. Purpose and scope of the Law
  2. Obligated entities and their duties under the Law
  3. Customer identification and verification
  4. One-time transactions and establishing business relationships with clients
  5. Establishing business relationships and the “Know Your Customer” (KYC) standard – KYC updates and frequency
  6. Determining customer risk levels using a risk-based approach – risk categories and factors
  7. Re-assessment of customer risk levels
  8. Preventive measures: simplified, standard, and enhanced
  9. Examination of legal entity structures
  10. Identification and verification of beneficial owners
  11. Customer screening process using international databases
  12. Politically exposed persons (PEPs), their family members and associates – identification and significance in AML compliance
  13. International financial sanctions
  14. Identification of sanctioned persons
  15. Suspicious transaction scenarios and detection mechanisms
  16. Process for submitting Suspicious Transaction Reports (STRs) to the Financial Monitoring Service of Georgia
  17. Case studies and tests

 

Ephemia Loria – Director and 100% owner of the AML consulting company Context Consulting. She has extensive experience working with various international organizations and programs in administrative and operational management roles.

 

 

Tamar Ratianidze – Over 15 years of experience in the banking and financial sector, including senior positions in anti-money laundering (AML), counter-terrorism financing (CTF), and compliance risk management.
  • Training start date: To be announced;
  • Total duration: 24 hours;
  • Class time: 19:00 – 22:00;
  • Venue: Caucasus University Campus.
  • Training fee: 950 GEL;
  • Online registration link.