Overview
Anti-Money Laundering (AML) Compliance in SACCOs is a 2.5-hour training that equips SACCO boards, compliance, and audit committees with the knowledge and tools to meet Anti-Money Laundering (AML) obligations. Participants will learn how to enforce policies, monitor compliance programs, and detect/report suspicious activity in line with legal requirements.
Objectives
By the end of the training, participants will be able to:
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Understand AML laws and SACCO compliance responsibilities
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Monitor internal AML programs and controls
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Detect red flags and report suspicious activity as required
Key Content
- Know Your Customer (KYC) essentials
- AML policy implementation and oversight
- Reporting obligations to the Financial Intelligence Unit (FIU) and Central Bank of Kenya (CBK)
- Red flag indicators and risk mitigation
Target Audience
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SACCO Board Members
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Compliance Officers
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Audit and Risk Committees
Duration
2.5 Hours