Money laundering is almost as old as money itself. After all, every crime that starts with money, ends with money laundering. Crime simply does not pay without it.
Banks and financial institutions have had anti-money laundering (AML) measures in place for some time. So criminals must look for ‘easier’ targets and new ways to launder their ill-gotten gains. This has brought many more professions within the scope of AML rules. This includes lawyers, notaries, accountants, insurers, high-value goods dealers and so on.
This entry-level course is designed to provide a good grounding in how criminals exploit systems and processes to launder money, plus how to mitigate the risks. Packed full of real-life case studies and practical, worked examples, this course is ideal for those working in risk management or compliance in both financial and non-financial firms, who must develop an AML compliance framework.
- Be able to set money laundering in its historical and legislative context
- Understand how and why criminal property is laundered
- Know AML/CFT requirements for your sector and business
- Gain a high-level insight in how to develop an AML compliance framework for your business