Preventing Money Laundering and Financial Crime

This course has a practical focus and is open to anyone who is interested in the subject.

The course is suitable for:

• Staff with specific anti money laundering duties
• All staff working in financial services who want an introduction to anti money laundering
• Anyone who aspires to a career in anti-money laundering or fraud prevention.
• All senior executives of organisations who should understand their responsibilities of preventing money laundering.

This course also covers areas of the laws that deal with the prevention of financial crime and is intended to provide basic information for companies that are subject to AML Regulations, as well as for companies and individuals outside the ‘regulated’ sector that might still be used in the money laundering process.

The course covers:

• The process of money laundering and defines the associated key terms
• The offences under the key legislation: Proceeds of Crime Act, Terrorism Act and Money Laundering Regulations
• How to spot the risks and indicators in business
• ‘Know your customer’ describing the different levels of due diligence including identification and verification
• When levels of risk mean enhanced due diligence is necessary
• What constitutes suspicious activity and list specific criteria
• The reporting of suspicious activity