Summary

This is a foundation level programme designed to explain and illustrate the core issues relating to the offence of money laundering. The nature and stages of a money laundering action are outlined in the context of the financial services industry and the red flags of suspicion are identified and explored.

Guidance is given as to industry best practice in how to identify, analyse and report instances of money laundering in the workplace.

This course is one of several courses within the Certificate in Anti-Money Laundering. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Define money laundering and understand its stages
• Recognise the importance of AML in the financial industry
• Understand the key components of AML regulations and compliance requirements
• Identify red flags that may indicate money laundering
• Implement basic AML best practices in your organisation

Course Structure

• Section 1: What is Money Laundering
• Section 2: The Three Stages of Money Laundering
• Section 3: Understanding AML Regulations
• Section 4: AML Compliance Components
• Section 5: Identifying Red Flags in Money Laundering
• Section 6: Basic AML Best Practices and Case Studies
• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning.  Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.