AML/CFT Audit Masterclass: From Compliance Checks to Risk-Based Assurance

What You'll Learn

• Apply AMLA and BNM AML/CFT guidelines in audit practices.
• Conduct Risk and Control Self-Assessments (RCSA) to evaluate AML/CFT controls.
• Develop Key Risk Indicators (KRI) to monitor AML vulnerabilities and emerging risks

Course Content Overview

• Understand key provisions of the Anti-Money Laundering Act (AMLA)
• Review BNM’s AML/CFT guidelines and 2024 policy updates
• Identify regulatory expectations for audit and compliance teams
• Interpret how legal and regulatory frameworks influence audit scope and depth

• Compare traditional compliance checks with risk-based audit frameworks
• Explore limitations of checklist-style audits in AML/CFT contexts
• Introduce assurance models that focus on risk exposure and control effectiveness
• Transition from reactive compliance reviews to proactive risk-based audit planning

• Define RCSA methodology for AML/CFT environments
• Map control objectives to risk categories (e.g., customer due diligence, transaction monitoring)
• Evaluate control design and operational effectiveness
• Document RCSA findings to support audit trail and regulatory reporting

Requirements

Physical Appearance

Description

This masterclass is designed to elevate the capabilities of auditors and compliance professionals in conducting AML/CFT audits that go beyond routine compliance checks. Participants will learn to apply risk-based assurance techniques aligned with the latest AMLA provisions and Bank Negara Malaysia (BNM) guidelines. This program emphasizes practical audit strategies, independent assurance functions, and the development of key risk indicators to detect and mitigate money laundering and terrorism financing risks.

Who this course is for

• Internal and external auditors
• Compliance officers and managers
• Risk management professionals
• Financial crime investigators
• Regulatory reporting personnel
• Professionals involved in AML/CFT governance and assurance

You may download the course detail, trainer profile and leaflet by click download button below

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