This course provides an in-depth understanding of Bureau De Change (BDC) and Money Value Transfer Services (MVTS), focusing on their operational models, regulatory frameworks, and compliance obligations. With increasing scrutiny by financial intelligence units and regulatory authorities, it is critical for BDC operators, MVTS providers, and compliance officers to understand the legal, operational, and risk management landscape. The course will explore licensing requirements, AML/CFT obligations, reporting standards, risk-based approaches, and the role of supervisory authorities. Real-world case studies and best practices will be integrated to equip learners with practical knowledge to ensure regulatory compliance and operational efficiency.

Course Content 

      •  Understand the structure and function of BDCs and MVTS businesses. 

      •  Identify the applicable laws, regulations, and supervisory guidelines. 

      •  Implement effective AML/CFT compliance programs. 

      •  Conduct risk assessments and internal monitoring. 

      •  Prepare for regulatory audits and inspections.