Anti Money Laundering

Introduction

It might sound like Hollywood fiction, but money laundering is a serious and constant threat to businesses all over the world. A 2007 report states that more than 1 trillion US dollars (£502,000 billion) is laundered globally each year by drug dealers, arms traffickers and other criminals. Statistics show that British businesses are targeted by money launderers between 5 and 20 times per year.

Anti-Money Laundering legislation, such as The Proceeds of Crime Act 2002 and Money Laundering Regulations 2003, place significant responsibilities on businesses to prevent the crime of money laundering. The law can also impose damaging penalties if businesses do not introduce satisfactory procedures to tackle the problem.
Anti-Money Laundering is an ideal introduction to the crime of money laundering. It outlines the three stages of the money laundering process and the different techniques used by criminals to hide the illegal origins of money. It will help managers to put in place a series of practical measures to help prevent, report and combat the problem.

Who is the course for?

Managers or key employees in organisations worried they may be targets for money launderers. Organisations involved in high-value business are usually prime targets e.g. financial services, casinos, property etc.
 
Some prior knowledge or experience of the topic is advisable but there are no formal entry requirements.

What will you get from this course?

When you have completed this course, you will be able to:

• identify the risk factors in a variety of money-laundering scenarios
• describe the actions you can take to protect an organisation from money launderers.

Course features

You can start this online course straight away and work on it at any time, providing you have access to a computer with an internet connection. The course is available for six months from the date first accessed.

Anti-Money Laundering takes a lively, story-telling approach to tackling a very real and dangerous threat. A series of simple, interactive scenarios and questions, followed by immediate feedback, will develop and test you as you work through the course. Each section concludes with a helpful summary of the key points and there are links to useful documents and websites where you can find out more.

A final test presents six challenges that check what you have learned. The modules and test can be repeated as often as you wish.

Course modules

Other courses you might be interested in

Fraud Prevention, Financial Environment, Security, Dawn Raids

Course code

104092BT002

Five reasons to enrol on an eCourse - today!

• You get value for money. Competitively priced, eCourses take place on-site so there's no need to waste valuable time and money travelling to a course.
• You can start straight away. Online eCourses are just a few clicks away and DVD and CD ROM eCourses can be with you in a matter of days. There's no paperwork and no fuss.
• Flexibility is built in. Learn when it suits your business and your colleagues, with training designed to fit in around your work patterns and personal life.
• You learn at your own level and at your own pace. Individuals remain in control of their learning and can fill in knowledge gaps rather than cover ground they're already familiar with.
• Team Managers or course buyers can track their employees' progress. Our online eCourses have an inbuilt tracking system ensuring that employees remain on schedule.