Introduction to Anti-Money Laundering Law and Compliance: An International and Regional Perspective

About

This course caters to law students and legal professionals, offering a comprehensive understanding of Anti-Money Laundering (AML) compliance. The curriculum covers legal principles and practical applications, examining AML from both regional and international perspectives and integrating viewpoints from progressive national legal systems. Beyond theoretical foundations, the course provides practical tips to ensure a strong grasp of this complex subject. Participants are equipped to fulfill professional obligations related to compliance.

The curriculum integrates viewpoints from progressive national legal systems for detailed examination. Beyond theoretical foundations, the course imparts practical tips to ensure a strong understanding of this complex subject. Participants are equipped to fulfil professional obligations related to compliance.

Compliance with anti-money laundering (AML) regulations presents significant challenges for both regulators and reporting entities. With AML laws spanning various legal and regulatory areas, navigating them can be intricate. While designated non-financial businesses and professions (DNFBPs), including legal practitioners, may plead ignorance of the law, such lack of awareness does not serve as a valid excuse for non-compliance with AML laws.

Hence, this comprehensive course is designed for law students and legal practitioners, offering a nuanced exploration of the complex AML landscape. It emphasizes the multifaceted nature of AML compliance, specifically addressing its impact on DNFBPs, focusing exclusively on legal practitioners. The course actively bridges the knowledge gap by stressing the importance of AML regulation understanding, providing a detailed overview to ensure compliance. It establishes connections between AML regulations and the legal profession, delineating the potential roles of legal practitioners in money laundering scenarios and aiming to equip participants with essential knowledge and awareness. Additionally, the course reinforces professional ethics and responsibilities in combating money laundering, offers insights into the current legal framework, and touches on anticipated shifts in the legal and regulatory environment for legal professionals.

Target group

This course is designed for a diverse group of law students, encompassing those at both undergraduate and postgraduate levels. From Bachelor's students to Master's students to PhD candidates and professionals are welcome.

The course is also aimed at legal practitioners from anywhere in the world who provide services such as conducting transactions on behalf of clients such as setting up and managing client trust accounts and conducting real estate and securities transactions and so on.

Finally, the course also targets regulators of the legal profession such as law societies and bar associations as well as Financial Intelligence Units.

Note: While prior knowledge in areas such as international law, criminal law, constitutional law, and civil law is advantageous, it is not mandatory.

Course aim

By the end of this course students will be able to:

Understand the structure and nature of international AML law;
Distinguish different sources of the legal basis for AML compliance;
Explain the role of legal practitioners in AML compliance;
Identify the main AML compliance methods; and
Design AML compliance programs

Fee info

Students, PhD candidates and employees of VU Amsterdam, Amsterdam UMC or an Aurora Network Partner €545 Students and PhD candidates at partner universities of VU Amsterdam €705 Students and PhD candidates at non-partner universities of VU Amsterdam €815 Professionals €1035