AML - Follow the money (e-learning)

Are you ready to support the Money Laundering Reporting Officer of a financial institution in investigating a complex situation? Are you able to efficiently deal with the business stakeholders to get the full picture and provide a reliable assessment?

AML - Follow the money is the new immersive digital case-study designed by PwC’s Academy and PwC’s subject matter experts to support the acquisition and assessment of essential AML knowledge and competence. Building upon the success of our AML Codename Black e-learning, it brings the learning experience to a new level.

This innovative learning solution leverages micro learning and embeds high quality videos, interactive quizzes and an evolving scenario. Gamification techniques allow to ‘live’ the case study and facilitate learning retention.

Get ready for a unique, immersive and lasting anti-money laundering training experience!

Please note that PwC’s Academy offers 3 versions of this e-learning module:

• An English version considering the Luxembourg regulatory framework.
• A French version considering the Luxembourg regulatory framework (in this version, the videos remain English spoken with a French text transcription).
• A non-jurisdiction specific English version considering the broader European regulatory framework.

For insurance professionals, we propose a dedicated e-learning module: AML Codename Black for insurance professionals (e-learning).

By the end of this training, the participants will be able to:

• identify the different steps of the money laundering cycle;
• learn about anti-money laundering latest regulations updates in Luxembourg;
• spot the red flags and link risk factors to understand main laundering techniques;
• consider the anti-money laundering controls cycle;
• challenge and apply AML internal controls;
• apply "Customer Due Diligence" (CDD) procedures to identify and manage key risk indicators within customer relationships;
• profile and monitor relationship activity;
• understand reporting obligation.

• Introduction: concepts of money laundering
• Money Laundering: impact, process and strategies
• Administrative sanctions applicable to the field of money laundering
• Legal definitions and impacts of terrorism financing
• Definition and examples of predicate offences
• Business investigation red flags
• Descriptions and examples of AML measures:
  • Risk assessment
  • Customer due diligence
  • KYC
  • Transaction Monitoring
  • Internal Controls
• Glossary of vital directives in the AML field

We deploy our e-learning solution as from 10 licences.

• From 10 to 50 participants: 75 EUR
• From 51 to 150 participants: 70 EUR
• From 151 to 300 participants: 60 EUR
• More than 300 participants: 50 EUR

This e-learning, coordinated by Michael Weis, Partner at PwC Luxembourg, has been designed by experts of PwC Forensic Services.

Michael, Financial Crime Leader and Partner in the forensic services, gained extensive knowledge in the investment management and banking industries

As a key member of the internal controls practice of PwC, Michael specialises in the review of internal controls in the context of SAS 70 reviews and controls reports. He is the manager of various high-profile client assignments on internal controls reports and on Anti-Money-Laundering (AML) in the investment management industry.

Within PwC, Michael takes a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is coordinating the PwC’s Academy's “Fight against financial crime” leading training programmes that regularly involve international subject matter experts (e.g. transparency international, UN Security Council, FATF, SCPC, FSA, CSSF etc.). Through his professional qualifications he specialise in compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.

Within PwC, Michael takes a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is coordinating the PwC’s Academy's “Fight against financial crime” leading training programme that regularly involves international subject matter experts (e.g. transparency international, UN Security Council, FATF, SCPC, FSA, CSSF etc.).

Through his professional qualifications he specialised in compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.

Boris Rohwedder,
Boris, Director, is the team leader of the PwC Forensic Service practice in Luxembourg. He is a subject matter expert in AML/CTF, sanctions and fraud related topics and member of the PwC internal anti-fraud and investigation task force, PwC internal AML taskforce and global financial crime team.

Alessandro Casarotti,
Alessandro is a director in the forensic services.
He has been working on AML/CTF topics for more than 8 years and for PwC since 2015.

Camelia Boudam,
Camélia is manager in the anti financial crime department of PwC Luxembourg. Over the last 8 years she has worked on AML/CFT risk and compliance topics.