Money-Laundering is a major criminal problem, worldwide. This training 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, this anti-money laundering training course examines the internal controls and monitoring used by companies to fight against money-laundering, including policy statements, effective reporting systems, and staff responsibilities.
By the end of this training course, you will be able to:
• 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.
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.
