Anti Money Laundering
This course covers the essential facts about money-laundering, along with the relevant legal aspects and how companies can set up systems and policies to detect and deal with what is a major criminal problem, worldwide.
Course Overview
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.
Learning Objectives
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 is this course 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.
Recommended System Requirements
• Browser: Up to date web browser
• Video: Up to date video drivers
• Memory: 1Gb+ RAM
• Download Speed: Broadband (3Mb+)
Further Progression
For candidates that want to add more qualifications to their CV our Leadership Skills and Developing Teamwork courses are ILM approved and can provide them with a recognised qualification. For candidates new to management roles Managing Meetings would be a great next step although working through any of our range of Business Skills courses would be valuable.For anyone working in the financial industry our Anti-Bribery and Corruption course would be a good further step as it explores in detail another financial crime and will show you some of the ways management and employees can reduce the risk of bribery and corruption in their organisations.
Accredited by
CPD & Institute of Hospitality Approved
Course Cost
£20 +VAT