Summary

This course addresses the unique money laundering risks in the insurance sector, with a focus on high-risk products such as life insurance and investment-linked policies. Participants will learn compliance strategies and red flag identification.

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

Audience

This course is designed for those working in, or interested in the insurance sector and who need a fundamental understanding of AML issues, practices, regulations and their importance in preventing financial crime.

Course Objectives

• Understand the concept of money laundering and how it impacts the insurance industry

• Recognise the risks and red flags and money laundering within insurance products and services

• Understand the regulatory framework and obligations under AML laws

• Implement best practices to detect and report suspicious activity

Course Structure

• Section 1: Introduction to Money Laundering and AML

• Section 2: Money Laundering Risks in the Insurance Industry

• Section 3: Red Flags and Typologies of Money Laundering in Insurance

• Section 4: Regulatory Frameworks and AML Compliance Obligations

• Section 5: Best Practices to Prevent and Detect Money Laundering

• Section 6: 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.