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PKM Consulting Services

Finance and AccountingPKM315

Cash Management and Anti-Money Laundering Program

Effective cash management and robust anti-money laundering (AML) controls are critical components of financial governance, operational efficiency, regulatory compliance, and organizational sustainability. Financial institutions, government entities, businesses, and non-profit organizations face increasing scrutiny from regulators and stakeholders regarding the management of cash resources and the prevention of financial crimes.

Overview

This comprehensive program equips participants with practical knowledge and skills to manage cash efficiently, strengthen internal controls, identify money laundering risks, comply with regulatory requirements, and implement effective AML frameworks within their organizations.

The program combines international best practices, regulatory requirements, practical case studies, risk assessment techniques, and real-world scenarios to provide participants with actionable strategies for safeguarding organizational assets and maintaining compliance.

Programme objectives

By the end of the programme, participants should be able to:

  1. 01Upon completion of this program, participants will be able to:
  2. 02Understand the principles and importance of effective cash management
  3. 03Develop strategies for optimizing cash flow and liquidity management
  4. 04Identify and mitigate risks associated with cash handling and treasury operations
  5. 05Understand the nature, stages, and methods of money laundering
  6. 06Recognize emerging money laundering threats and financial crime risks
  7. 07Apply Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations
  8. 08Implement Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures
  9. 09Conduct AML risk assessments and investigations
  10. 10Design effective internal controls and compliance frameworks
  11. 11Detect suspicious transactions and reporting obligations
  12. 12Promote a culture of compliance and ethical conduct within organizations

Who should attend

  • Finance Managers
  • Treasury Managers
  • Accountants
  • Internal Auditors
  • Risk Management Officers
  • Compliance Officers
  • AML Officers
  • Financial Controllers
  • Bank Managers
  • Cashiers and Cash Supervisors
  • Revenue Authority Officials
  • Procurement and Payments Officers
  • Corporate Governance Professionals
  • Law Enforcement and Regulatory Officials
  • Financial Institution Staff
  • NGO Finance Personnel
  • Board Members and Senior Executives responsible for financial oversight

Programme outline

9 modules · 127 topics

  1. 01Fundamentals of Cash Management16 topics · includes a case scenario

    Introduction to Cash Management

    • Definition and importance of cash management
    • The role of cash in organizational sustainability
    • Cash management objectives
    • Relationship between liquidity and profitability

    Cash Flow Management

    • Understanding cash inflows and outflows
    • Cash flow cycles
    • Working capital management
    • Managing cash shortages and surpluses

    Cash Forecasting Techniques

    • Short-term forecasting
    • Medium-term forecasting
    • Long-term forecasting
    • Forecasting tools and methodologies

    Treasury Management Essentials

    • Treasury functions and responsibilities
    • Liquidity management
    • Investment of surplus funds
    • Banking relationships management

    Case scenario

    Practical Exercise • Developing a cash flow forecast • Identifying liquidity risks Case Study: Government Cash Management Reforms in Zambia

  2. 02Cash Handling Controls and Risk Management16 topics · includes a case scenario

    Cash Handling Procedures

    • Cash receipts management
    • Cash disbursement controls
    • Petty cash administration
    • Electronic payment controls

    Internal Controls for Cash Management

    • Segregation of duties
    • Authorization procedures
    • Reconciliations
    • Physical security controls

    Fraud Risks in Cash Operations

    • Cash theft schemes
    • Payment fraud
    • Payroll fraud
    • Procurement fraud

    Managing Cash-Related Risks

    • Risk identification techniques
    • Risk assessment frameworks
    • Control implementation strategies
    • Monitoring and reporting mechanisms

    Case scenario

    Case Study: Cash Collection Fraud in a South African Municipality

  3. 03Introduction to Money Laundering and Financial Crime16 topics · includes a case scenario

    Understanding Money Laundering

    • Definition of money laundering
    • Purpose and impact of money laundering
    • Global trends in financial crime

    The Three Stages of Money Laundering

    • Placement
    • Layering
    • Integration

    Predicate Offences

    • Corruption and bribery
    • Tax evasion
    • Fraud
    • Drug trafficking
    • Human trafficking
    • Cybercrime

    Consequences of Money Laundering

    • Economic impact
    • Reputational damage
    • Regulatory penalties
    • Legal consequences

    Case scenario

    Case Study: The Fishrot Corruption Scandal – Namibia Group Discussion • Recent money laundering cases and lessons learned

  4. 04AML Regulatory Frameworks and Compliance Requirements14 topics · includes a case scenario

    International AML Standards

    • Role of the Financial Action Task Force (FATF)
    • FATF Recommendations
    • Basel Principles
    • United Nations conventions

    National AML Regulatory Frameworks

    • AML legislation and regulations
    • Regulatory authorities and oversight
    • Reporting obligations

    Anti-Money Laundering Programs

    • AML governance structures
    • AML policies and procedures
    • Compliance responsibilities

    Penalties for Non-Compliance

    • Regulatory sanctions
    • Criminal liability
    • Civil penalties
    • Institutional consequences

    Case scenario

    Practical Exercise • AML compliance gap assessment Case Study: South Africa's FATF Grey Listing

  5. 05Customer Due Diligence (CDD) and Know Your Customer (KYC)13 topics · includes a case scenario

    Customer Identification Requirements

    • KYC principles
    • Identity verification processes
    • Beneficial ownership identification

    Customer Risk Profiling

    • Risk-based approach
    • High-risk customer categories
    • Politically Exposed Persons (PEPs)

    Due Diligence Procedures

    • Simplified Due Diligence
    • Standard Due Diligence
    • Enhanced Due Diligence

    Ongoing Monitoring

    • Transaction monitoring
    • Customer profile reviews
    • Trigger events

    Workshop

    • Conducting customer risk assessments

    Case scenario

    Case Study: Social Grant Fraud Investigations in South Africa

  6. 06Detecting and Reporting Suspicious Activities13 topics · includes a case scenario

    Suspicious Transaction Indicators

    • Red flags in cash transactions
    • Structuring and smurfing
    • Unusual account activity
    • Shell company indicators

    Transaction Monitoring Systems

    • Manual monitoring techniques
    • Automated monitoring solutions
    • Artificial Intelligence in AML

    Suspicious Transaction Reporting

    • Reporting obligations
    • Documentation requirements
    • Regulatory reporting processes

    Record Keeping Requirements

    • Documentation retention
    • Audit trails
    • Data protection considerations

    Case scenario

    Practical Scenario • Identifying suspicious transactions from sample cases

  7. 07AML Risk Assessment and Investigation Techniques14 topics · includes a case scenario

    AML Risk Assessment Methodologies

    • Enterprise-wide risk assessments
    • Customer risk assessment
    • Product risk assessment
    • Geographic risk assessment

    Investigative Techniques

    • Gathering evidence
    • Transaction analysis
    • Source of funds verification
    • Source of wealth investigations

    Conducting Internal Investigations

    • Investigation procedures
    • Documentation standards
    • Escalation protocols

    Reporting Investigation Findings

    • Investigation reports
    • Management reporting
    • Regulatory reporting

    Case scenario

    Practical Exercise • AML risk assessment simulation

  8. 08Emerging Trends and Technology in AML12 topics · includes a case scenario

    Digital Transformation and Financial Crime

    • Digital banking risks
    • Mobile money platforms
    • Fintech risks

    Cryptocurrency and Virtual Assets

    • Understanding virtual assets
    • Cryptocurrency laundering risks
    • Regulatory developments

    Technology Solutions for AML

    • AI and machine learning applications
    • Data analytics in AML
    • Automated screening tools

    Cybersecurity and Financial Crime

    • Cyber-enabled money laundering
    • Identity theft
    • Fraud prevention measures

    Case scenario

    Case Study • Cryptocurrency-based money laundering schemes

  9. 09Building an Effective AML and Cash Management Framework13 topics

    Governance and Oversight

    • Roles of boards and senior management
    • Compliance culture
    • Ethical leadership

    Developing Effective Policies

    • Cash management policies
    • AML policies
    • Compliance procedures

    Staff Training and Awareness

    • AML training requirements
    • Awareness programs
    • Building accountability

    Monitoring and Continuous Improvement

    • Internal audits
    • Compliance reviews
    • Performance measurement

    Action Planning Workshop

    • Developing organizational improvement plans

Upcoming dates

In-house training

Run this programme for your team

We can deliver PKM315 at your premises, anywhere in Africa, with content aligned to your organisation's internal policies.

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How do I register for a course?

Choose a programme and date, then send an enquiry from the course page — the course and dates are filled in for you. Our team replies with the programme information and registration forms. You can also contact us on WhatsApp at +27 73 708 3507.

Do you offer in-house training at our premises?

Yes. Our group booking option allows us to bring our expert facilitators to your location anywhere in Africa. We can also customise the course content to align with your organisation’s internal policies.

How does pricing work for group bookings?

Pricing depends on your organisation's requirements, so we don't publish it. Please contact us with your programme, group size and preferred dates, and we'll get back to you with the details.

What payment methods do you accept?

We accept electronic funds transfers (EFT), direct bank deposits, and corporate or government purchase orders.

Do online delegates receive certificates?

Yes. Upon successful completion of a virtual course or programme, delegates receive a digital certificate of completion equivalent to our classroom-based training.

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