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Intro to AML (1000 × 375px).png

The frontline staff of any financial institution is the first line of defense for Anti-Money Laundering and Terrorist Financing. Therefore, an ill-trained frontline staff could lead to the collapse of an institution or the imposing of enforcement actions from the regulators. A strong and well-educated frontline staff will help develop a strong compliance department for your institution. 

This introductory certificate course aims to provide practical, integrative knowledge and understanding of compliance and anti-money laundering. This course will also prepare the students to pursue the Diploma in Anti-Money Laundering and Compliance, an international designation offered in collaboration with the International Compliance Association and The Bahamas Association of Compliance Officers.

What you will learn?


Understanding Money Laundering

  • Drug Trafficking

  • All Crimes


Understanding Terrorist Financing

  • 9/11


The Bahamian Legal System

  • The Tracing and Forfeiture of the Proceeds of Drug Trafficking Act 1987

  • The Money Laundering (Proceeds of Crime) Act 1996


Anti AML & CTF Programs
Statutory Requirements:

  • Identification

  • Record Keeping

  • Training

  • Monitoring

  • Reporting- MLRO’s


International Standards;

  • FATF



IMF/World Bank-FSAP


Customer Due Diligence


Risk-Based Approach

  • Simplified Due Diligence

  • Enhanced Due Diligence

  • Politically Exposed Persons (PEPS)


Court Orders

  • Production Order

  • Search Warrant

  • Restraint Order

  • Charging Order

  • Confiscation Order

Compliance Systems

  • The Bahamian Regulatory System

  • The Regulators

  • The role of the Compliance department

  • The Compliance Officer

  • The role of the External Auditor

  • The role of the Board of Directors

  • Duration: 5 Weeks

  • Days: Saturdays

  • Time: 9:30 a.m. - 12:30 p.m.

  • Learning Platform: Via Zoom

  • Fee: $695 (members) and $795 (non-members) + Registration $50.00

  • Payment Plans are available


The National Accreditation and Equivalency Council (NAECOB) is a statutory body established under the National Accreditation and Equivalency Council ACT of The Bahamas on the 4th of October, 2006; assented on 29th of December, 2006 and came into force 28th February, 2007.  NAECOB is responsible for registering and accrediting primary schools, secondary schools, post-secondary schools, and any institution that offers training in The Bahamas. The National Accreditation and Equivalency Council of The Bahamas began operation in 2016.

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