Financial Sentinel: Anti-Money Laundering for SACCOs Training Course

Introduction

In the global financial ecosystem, SACCOs are on the front lines of the fight against financial crime. Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) are not just regulatory obligations; they are essential practices for maintaining integrity, protecting member assets, and ensuring the long-term sustainability of the institution. This specialized training course is designed to equip SACCO professionals and leaders with the strategic knowledge and practical tools to build a robust and compliant AML/CTF framework. By mastering these critical functions, SACCOs can mitigate significant risks, safeguard their reputation, and contribute to the broader effort to prevent illicit financial activities.

This intensive program offers a clear and actionable roadmap for developing a comprehensive AML/CTF strategy, from implementing risk-based controls to conducting effective transaction monitoring and reporting. Participants will gain the skills necessary to identify suspicious activities, manage the complexities of regulatory requirements, and foster a strong culture of compliance throughout the organization. This is an essential course for any SACCO committed to ethical operations, transparent governance, and building a financial institution that is both secure and trusted.

Duration 5 days

Target Audience This course is for SACCO compliance officers, risk managers, internal auditors, finance managers, legal advisors, and senior executives responsible for strategic planning and governance.

Objectives

  • To understand the fundamental principles and global context of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF).
  • To master a systematic approach to developing and implementing a risk-based AML/CTF program.
  • To develop and apply a comprehensive framework for creating and updating AML/CTF policies and procedures.
  • To understand the role of technology in automating transaction monitoring and reporting.
  • To design a proof-of-concept for a secure and integrated AML/CTF system.
  • To identify and mitigate specific risks associated with customer due diligence (CDD) and enhanced due diligence (EDD).
  • To create a robust framework for managing suspicious transaction reporting and investigations.
  • To ensure all SACCO operations comply with regulatory and ethical standards.
  • To analyze the financial performance and operational efficiency of AML/CTF systems.
  • To champion a culture of continuous compliance awareness and leadership.

Course Modules

Module 1: Foundations of AML & CTF

  • The business case for AML and CTF for SACCOs.
  • The key components of an AML/CTF framework.
  • The benefits of a proactive approach to compliance.
  • The risks of regulatory non-compliance.
  • Case studies of common money laundering typologies in the financial sector.

Module 2: Risk-Based Approach

  • The principles of a comprehensive AML/CTF risk assessment.
  • How to identify and prioritize risks associated with products, services, and members.
  • Techniques for assessing internal and external threats.
  • Creating a risk register and mitigation strategy.
  • The importance of a regular risk review and revision process.

Module 3: Customer Due Diligence (CDD)

  • The core principles of customer due diligence and its components.
  • The importance of a legal and regulatory manual.
  • How to interpret new laws and statutory requirements.
  • Defining clear roles and responsibilities for managing compliance.
  • The importance of a regular policy review and revision process.

Module 4: Enhanced Due Diligence (EDD)

  • The principles of enhanced due diligence and its challenges.
  • The importance of data quality, integrity, and accuracy.
  • The process of preparing and submitting mandatory reports.
  • The role of an internal documentation framework.
  • Strategies for automating reporting and ensuring timely submissions.

Module 5: Technology for Compliance

  • The role of technology in enhancing compliance and efficiency.
  • Assessing a SACCO's technology readiness for a compliance system.
  • How to evaluate and select the right technology vendors.
  • The benefits of integrating with existing SACCO systems.
  • Ensuring data security and privacy during integration.

Module 6: Transaction Monitoring

  • The principles of transaction monitoring and its application.
  • How to identify suspicious transactions and activities.
  • The role of a clear and transparent dispute resolution process.
  • Best practices for managing user access and permissions.
  • Ensuring compliance with AML/CTF regulations.

Module 7: Suspicious Transaction Reporting (STR)

  • The importance of a comprehensive internal audit plan.
  • The different types of audits (e.g., compliance, operational).
  • The process of creating audit scripts and scenarios.
  • The role of a bug tracking system.
  • The importance of a go-live checklist.

Module 8: Data Protection & Privacy

  • The principles of data protection and its application.
  • The importance of a data privacy policy.
  • Implementing a framework for managing access controls and permissions.
  • The role of data loss prevention (DLP) tools.
  • Ensuring compliance with data protection and privacy regulations.

Module 9: Compliance Culture & Training

  • The importance of a comprehensive training plan for staff and members.
  • The role of a change management strategy.
  • How to communicate the benefits of the new system to members.
  • The process of training front-line staff and back-office personnel.
  • Creating a support system for post-go-live issues.

Module 10: Capstone Project: An AML/CTF Plan

  • Participants will work in teams to design and present a comprehensive AML/CTF plan.
  • They will conduct a risk assessment, select a mock solution, and develop an implementation plan.
  • Teams will present their proposal to a mock "Technology Committee," discussing ROI and member benefits.
  • This module provides a hands-on opportunity to apply the concepts from all modules.
  • The project prepares participants to successfully launch an AML/CTF initiative.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport Pick Up is provided by the institute. Accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

Financial Sentinel: Anti-money Laundering For Saccos Training Course in Saint Kitts and Nevis
Dates Fees Location Action
06/10/2025 - 10/10/2025 $1,750 Mombasa
Physical Class Online Class
13/10/2025 - 17/10/2025 $1,500 Nairobi
Physical Class Online Class
27/10/2025 - 31/10/2025 $1,500 Nairobi
Physical Class Online Class
03/11/2025 - 07/11/2025 $2,900 Kigali
Physical Class Online Class
10/11/2025 - 14/11/2025 $1,500 Nairobi
Physical Class Online Class
01/12/2025 - 05/12/2025 $1,750 Mombasa
Physical Class Online Class
08/12/2025 - 12/12/2025 $1,500 Nairobi
Physical Class Online Class
05/01/2026 - 09/01/2026 $1,750 Mombasa
Physical Class Online Class
12/01/2026 - 16/01/2026 $1,500 Nairobi
Physical Class Online Class
26/01/2026 - 30/01/2026 $1,500 Nairobi
Physical Class Online Class
02/02/2026 - 06/02/2026 $4,000 Pretoria
Physical Class Online Class
16/02/2026 - 20/02/2026 $1,500 Nairobi
Physical Class Online Class
23/02/2026 - 27/02/2026 $1,500 Nairobi
Physical Class Online Class
02/03/2026 - 06/03/2026 $1,750 Mombasa
Physical Class Online Class
16/03/2026 - 20/03/2026 $1,500 Nairobi
Physical Class Online Class
23/03/2026 - 27/03/2026 $1,500 Nairobi
Physical Class Online Class
06/04/2026 - 10/04/2026 $4,950 Dubai
Physical Class Online Class
13/04/2026 - 17/04/2026 $1,500 Nairobi
Physical Class Online Class
20/04/2026 - 24/04/2026 $1,500 Nairobi
Physical Class Online Class
04/05/2026 - 08/05/2026 $1,750 Mombasa
Physical Class Online Class
11/05/2026 - 15/05/2026 $1,500 Nairobi
Physical Class Online Class
25/05/2026 - 29/05/2026 $1,500 Nairobi
Physical Class Online Class
01/06/2026 - 05/06/2026 $2,900 Kigali
Physical Class Online Class
15/06/2026 - 19/06/2026 $1,500 Nairobi
Physical Class Online Class
22/06/2026 - 26/06/2026 $1,500 Nairobi
Physical Class Online Class