Anti-Money Laundering Fundamentals

Gain a solid understanding of money laundering, terrorist financing and the sanctions regimes in place.

You will:

• Understand what money laundering is and the methods used by launderers
• Appreciate the risks associated with terrorist financing
• Know the risks to businesses in the regulated sector from money laundering and terrorist financing and the legal obligation to report suspected money laundering or terrorist financing
• Understand the international initiatives of three international bodies and the legal background to how regulation is structured
• Know about the sanction regimes in place against individuals and jurisdictions involved in possible money laundering and terrorist financing.

This course is suitable for professionals with specific anti money laundering duties, operational or front-line staff or those considering embarking on a new career in AML.

Explore the vulnerabilities faced by financial institutions due to money laundering and terrorist financing in this expert-written short course.

By the end of this course, you will:

• Know how to identify the vulnerabilities in various products and services that money launderers could exploit
• Know why criminals might set up their own banks and how money launderers can use trusts, insurance and investment services to launder the proceeds of crime
• Understand how private banks and corporate service providers may be at risk of exploitation by money launderers
• Know how money launderers are targeting new areas like gambling, mobile financial services, the Internet, prepaid cards, and virtual currencies to evade AML efforts.

This course is suitable for professionals with specific anti money laundering duties, operational or front-line staff or those considering embarking on a new career in AML.