Anti-Money Laundering

Course description

Money-Laundering is a major criminal problem, worldwide. This course starts by defining money- laundering and describing the 'regulated sector' as defined by the Proceeds of Crime Act. The course discusses a number of money-laundering offences, including tax evasion, theft, fraud, bribery and the financing of terrorism. You'll learn about some of the 'red flags' which could indicate illegal activity and the connections between money-laundering and certain financial institutions. You'll see how the regulated sector combats money-laundering through compliance, due diligence and record-keeping. Finally, the course examines the internal controls and monitoring used by companies to fight against money-laundering, including policy statements, effective reporting systems and staff responsibilities.

What you will learn

• Identify the key pieces of legislation in regard to money laundering and its relation to other offences.
• Define the term Money laundering, what leads to it and the effect it has on others, the business and economy.
• Understand the concept of due diligence and the regulations that is applied and the regulators that can be consulted.
• Evaluate internal controls to help reduce and monitor activities that lead to money laundering.
• Remember employee responsibilities in applying internal control, recognise the signs of money laundering and reporting concerns.

Who it is for

This course is suitable for anyone working in an organisation that handles large amounts of money. It can also be used as an introduction to the subject for those working or planning to work in a regulated sector.

Course content

1. 1Introduction
2. 2The Law
3. 3Money-Laundering
4. 4Due Diligence
5. 5Internal Controls and Monitoring