Anti-Money Laundering

6 Lessons

1 hour 7 mins

Complexity : Easy

An Overview of the Process of Money Laundering

We are going to provide you with an introduction to the notion of money laundering in this section. Gain an understanding of what it is, how it occurs, and the reasons why it is a worry for both society and financial institutions. Comprehending the fundamentals of money laundering is the first step towards developing an effective preventive strategy.

Identification of Activities Related to Money

Investigate the many approaches and procedures that are typically utilised in the process of it. Learn about the various methods that criminals use to conceal the origins of illegal cash, such as smurfing and shell corporations. The identification of these activities is absolutely necessary in order to put into practice effective measures.

Legal Framework and Compliance

Educate yourself on the laws and regulations that have been put in place to combat money laundering. A comprehension of the function that financial institutions play in the prevention and detection of suspicious actions is essential. Achieving compliance with these standards is absolutely necessary in order to preserve the integrity of the financial system.

Due diligence from customers

Learn how important it is to get to know your clients and perform extensive due research. Acquire the ability to recognise warning signs and dubious conduct that could point to possible money laundering. An essential component initiatives is the implementation of thorough consumer due diligence protocols.

Risk Management and Reporting

Recognise the significance of reporting questionable actions and the part risk management plays in reducing the possibility of money laundering. To combat financial crime, learn how to work with authorities and communicate effectively. To effectively combat , a robust reporting and risk management framework must be established.

Lessons

Brief Description of Anti-Money Laundering
Easy
2 mins
Waleed Khalid

This course will cover the fundamental information that you need to know about money laundering, as well as the pertinent legal elements of the topic, and it will also discuss how businesses may put up systems and procedures to detect and deal with what is a big criminal issue all over the world.
Module 1: Introduction
Easy
14 mins
Waleed Khalid

This is an online course on money laundering basics and law. It also examines how organizations might implement systems and policies to detect and address global crime. Money laundering is hard to quantify globally.
Module 2: The Law
Easy
15 mins
Waleed Khalid

The laws against money laundering will be examined in module 2. Before this act, the AML had rules to combat money laundering. With the AML, UK sanctions were limited to terrorism. Wales and England can apply sanctions unilaterally.
Module 3: Money-Laundering
Easy
Waleed Khalid

This course covers money laundering offenses, including terrorism financing—red flags and how to recognize them. Money laundering, banks, offshore accounts, and politically exposed persons (peps) will also be covered.
Module 4: Due Diligence
Easy
18 mins
Waleed Khalid

In this module, we'll study how regulated sector corporations and organizations may combat money laundering. We focus on customer due diligence, recordkeeping, and expanded due diligence.
Module 5: Internal Controls and Monitoring
Easy
18 mins
Waleed Khalid

Module five examines firms' money laundering internal controls and monitoring. We'll also review money laundering reporting policies, personnel duties, and financial punishments.

Anti-Money Laundering