← International Money Transfers and Remittances

AML/CFT and fraud

Module 05 / 5 · 65 min

Recognize structuring, third-party collection, sanctions matches and romance and job scams in remittance transactions, report suspicion correctly, and process all eight running cases.

In this module you will learn to

Explain why remittances carry money laundering and terrorist financing risk and what the wire transfer rules require
Recognize structuring and third-party collection
Apply sanctions screening and handle a possible match
Recognize romance and job scams and protect victims
Escalate suspicion without tipping off the customer

Built on

Erudite Africa course specification: 1.m International Money Transfers and Remittances, Level 1 Beginner (Ethiopian context module, October 2026)
NBE Directive No. FXD/01/2024 and its amendment FXD/04/2026; NBE Proclamation No. 1359/2025
National Payment System Proclamation No. 718/2011 as amended by No. 1282/2023, and NBE Directive No. ONPS/09/2023 (as reported)
AML/CFT Proclamation No. 780/2013 (as reported), the NBE KYC/CDD directive and FATF Recommendation 16
NBE Directive No. FCP/01/2020 on financial consumer protection (as reported)
Erudite Africa training module: Domestic Banking Operations (October 2026), for diaspora account and incoming remittance procedures

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.