This mandatory training course provides all Sentry Insurance staff with a foundational understanding of Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Proliferation Financing (PF) risks in the insurance industry.
The course is divided into two modules:
- Module 1: Foundations of AML, CFT & Proliferation Financing
- Module 2: Know Your Customer (KYC), Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD) — including key concepts like Politically Exposed Persons (PEPs) and Beneficial Ownership
Each module includes interactive content, real-world insurance examples, and a graded quiz. All quizzes must be passed to complete the course. A certificate of completion will be awarded to all successful participants.
Module 1: Foundations of AML/CFT and Proliferation Financing
Module Objectives: By the end of this module, learners will be able to:1. Define money laundering, terrorist financing, and proliferation financing.2. Understand the stages of money laundering.3. Recognize why AML/CFT/PF compliance is essential in insurance operations.
Lessons
Lesson 1.1: What is Money Laundering, Terrorist Financing, & Proliferation Financing? Lesson 1.2: Stages of Money LaunderingModule 2: Know Your Customer(KYC), Customer Due Diligence(CDD), & Enhanced Due Diligence(EDD)
Module Objectives: By the end of this lesson, staff will be able to:1. Define KYC, CDD, and EDD and explain how they work together.2. Understand what documents and procedures are required for customer verification.3. Recognize red flags and risk factors that trigger EDD.4. Apply KYC/CDD/EDD principles across general insurance products.