AML Compliance Training: A&D Forensics was engaged by Sterling Bank, one of Nigeria’s leading financial institutions offering retail and corporate banking services, to deliver a Specialized AML Compliance training and Financial Crime Prevention Training for its compliance and internal audit teams.
Despite having strong foundational systems in place, Sterling Bank recognized the importance of enhancing staff expertise to stay ahead of the growing use of virtual assets in illicit activities and to meet evolving regulatory requirements on AML. This proactive focus was driven by several factors, including the need to strengthen risk awareness, improve detection capabilities, and reinforce compliance culture across the institution:
- CBN Directive on Employee AML Compliance Training and Awareness: The need to roll out regular education and training programmes to build staff competence.
- Evolving Regulations: Continuous updates from the SEC, NFIU, and FATF demanded regular adaptation of internal policies, systems, and staff skills.
- Rising Financial Crime Risks: With more advanced threats involving crypto assets and blockchain transactions, the bank required stronger capacity to detect complex patterns and suspicious activity in real time.
- Audit-Readiness Concerns: Compliance on paper was not enough; the team needed proactive, well-documented processes to stay prepared for both regulatory and internal audits at any time.
- SEC Directive (part VI) on Employee Education and AML Compliance Training Programme: Ensuring continuous staff education on AML/CFT obligations as part of compliance with capital market regulations.
Our Approach towards AML Compliance Training.
A&D Forensics collaborated with Sterling Bank to design and facilitate a 2-day virtual AML Compliance Training programme for over 20 staff members. We tailored the AML Compliance Training to Sterling Bank’s structure, products, and specific risk profile.
The AML Compliance Training Programme Included:
- AML Fundamentals for Conventional and Islamic Banking: covering money laundering and terrorism financing risks, AML laws and guidelines, institutional obligations, and risk-based approaches.
- AML in Non-Interest Banking: exploring Shariah-compliant finance principles, red flags in non-interest banking.
- Crypto AML: Managing Digital Asset Risks, addressing laundering methods in crypto, transaction monitoring tools, FATF Travel Rule, and African case studies.
Core AML Compliance Training Outcomes.
- Meet Regulatory Expectations: Staff were equipped to interpret and apply Nigeria’s AML laws and international guidelines in their day-to-day roles.
- Build Internal Capability: Participants gained the skills and confidence to identify control weaknesses and apply AML measures effectively.
- Enhance Detection and Response: Teams learned how to recognise and respond to early warning signs of non-compliance, improving risk mitigation.
- Promote a Culture of Compliance: The AML Compliance training emphasised ethical conduct, transparency, and accountability at every level of the institution.
- Support Sustainable Growth: By embedding compliance into its operational DNA, Sterling Bank strengthened its foundations for long-term regulatory success.
Participants’ Feedback From the AML Compliance Training.
- BABATEYE AKINYEDE: Regulatory Compliance
The AML Compliance training at A&D Forensics was truly transformative, with a standout hands-on approach and real-world relevance woven into every module. The facilitators didn’t just teach, they inspired, using case studies that made complex forensic concepts both practical and engaging. I’m now motivated to elevate the way I approach digital investigations by applying more structured methodologies, leveraging the cutting-edge forensic tools we explored, and adhering to best practices that ensure integrity and accuracy in my findings.
- ONYINYECHI EZENWA: Financial Crimes Compliance
The facilitators are highly knowledgeable and excel at transmitting their expertise to others. I look forward to putting into practice what I’ve learned to enhance my skills and effectiveness in digital investigations.
- VICTORIA OJEYEMI: Financial Crimes Compliance
The session was truly impactful, and the case studies provided a realistic and practical perspective. This training changed my outlook on cryptocurrency and will significantly enhance one of my core functions, Transaction Monitoring.
Why A&D Forensics?
A&D Forensics is Africa’s leading provider of Blockchain Intelligence, AML Compliance Training, and Regulatory Advisory. Our experts bring deep operational knowledge and industry insights to every training engagement. We deliver hands-on, AML compliance training tailored to the needs of banks, fintechs, virtual asset providers, and microfinance institutions. Our goal is not just to meet regulations, but to build lasting compliance cultures within every institution we serve.
Need AML Compliance Training for Your Team?
Whether you’re a commercial bank, fintech, VASP, or microfinance institution, A&D Forensics can help you train your staff to build the AML compliance capacity of today’s environment and regulatory demands.
Contact us to schedule a tailored AML Compliance Training session: https://adforensics.com.ng/contact/