Enrolled:
0 students
Duration:
N/A
Lectures:
1
COURSE DESCRIPTION
The aim of this course is to equip participants with a thorough understanding of the fundamentals of Anti-Money Laundering (AML). By exploring the basic stages of money laundering, methods employed by criminals, and the nexus between money laundering and terrorist financing, participants will gain the knowledge and skills necessary to actively contribute to the prevention of illicit financial activities. Through a blend of theoretical insights and practical applications, this course aims to empower individuals in the financial services sector with the tools needed to uphold regulatory compliance, fulfil personal responsibilities, and play a pivotal role in fostering a secure financial environment.
LEARNING OUTCOMES
- Define money laundering and articulate the broadly accepted definition.
- Identify various criminal activities that generate proceeds susceptible to money laundering.
- List the basic stages involved in money laundering.
- Explain the aim of money laundering and how it conceals the true origins and ownership of criminal proceeds.
- Discuss the role of financial institutions in facilitating money laundering activities.
- Apply knowledge of regulatory requirements related to money laundering in the financial services sector.
- Evaluate the personal responsibilities of individuals working in the financial services sector in the context of preventing money laundering.
- Analyse the consequences of money laundering on society and the economy.
- Differentiate between legal and illegal sources of funds within the financial system.
- Develop strategies to detect and prevent money laundering within a financial institution.
- Formulate a comprehensive understanding of the stages involved in the money laundering process.
- Assess the effectiveness of regulatory measures in combating money laundering.
- Evaluate the ethical considerations involved in reporting potential money laundering activities.
