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Anti-Money Laundering and Counter Financing of Terrorism

Application Form
Complete Online Application Form at

Start Date
3 June 2024

Apply By
10 May 2024


Duration & Format
This is a block release course where participants attend daily lectures from 08:30 to 16:30 during the period 3 to 7 June 2024.  It will also be offered during the period 7 to 11 October 2024. Courses might be delivered through blended learning. Students are required to have basic computer skills and stable internet connection.

The Anti-Money Laundering and Counter Financing of Terrorism postgraduate certificate course seeks to equip participants with knowledge pertaining to regulatory and structural requirements needed to comply with Anti-Money Laundering and Counter Financing of Terrorism requirements.

Course Outcomes
At the end of the course, the participant should be able to:

  • Appraise, analyse and synthesize the concepts of anti-money laundering and counter financing of terrorism (AML & CFT).
  • Identify typologies and incidences of money laundering and financing of terrorism.
  • Examine measures against money laundering and initiatives taken by various organizations to combat terrorism.
  • Examine the implications of offshore financial centres and non-cooperative countries on AML & CFT.
  • Comprehend regulations applicable to the financial sector.
  • Recognize the implications and penalties for non-compliance with Anti-Money Laundering legislation. 
  • Identify and be able to comply with requirements ushered by the latest legislation in AML & CFT.
  • Undertake due diligence measures to deter money laundering and terrorist financing.
  • Implement relevant AML & CFT measures in their particular sectors.

Course Content
The course consists of the following modules:

  • Introduction to anti-money laundering and financing of  terrorism;
  • Typologies of money laundering and financing of terrorism;
  • Current global trends, statistics and case studies;
  • International approaches, standards and requirements for AML & CFT;
  • The FATF Guidelines;
  • Globalization and the need for international regulation and cooperation;
  • South African risk-based approach to countering money laundering;
  • The FIC and the Financial Intelligence Centre Act (Act No. 38 OF 2001);
  • Legislative measures and institutions aimed at combatting money laundering and terrorism;
  • Vulnerabilities of financial institutions to money laundering and terrorist financing;
  • Complying with AML & CFT requirements;
  • Identifying suspicious transactions;
  • Risk management practices;
  • Continuous monitoring;
  • Conducting Customer Due Diligence (CDD);
  • Customer Identification Program (CIP) rules that are applicable to banks and financial institutions;
  • Politically exposed person;
  • Recognition, handling and reporting transactions;
  • Enforcement of AML & CFT legislation;
  • Sanctions;
  • Complying with sanctions and freezing regulations.

Target Audience
Compliance officers, financial institution professionals, legal advisors, and individuals involved in anti-money laundering efforts.

Application Process
While a Bachelors Degree in Law or Commerce will be preferred the course is open to anyone with exceptional relevant work experience.

Applicants without a legal background will be required to complete a bridging course in law, Introduction to Law for Non- Lawyers.

You will be required to submit a copy of your Bachelors Degree, academic record as well as a copy of your identity document or passport

Additional Information
One of the following certificates can be obtained:

  • Certificate of Attendance: To obtain a certificate of attendance, students are required to attend and participate in 75% of the lectures. 
  • Certificate of Competence: To obtain a certificate of competence, students are required to attend and participate in 75% of the lectures and to complete the assessments as required in the course.

This postgraduate certificate course is accredited by the university in accordance with its statutory mandate.  It does not lead to a qualification registered on the National Qualifications Framework.

Mahlatse Masemola Tel No: +27 11 717 8438; Email 
Ursula Dillner-Dangor Tel No: +27 11 717 8435; Email: