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Compliance Essentials Library

Anti-Money Laundering & Counter Terrorist Financing (Global)

When the proceeds of crime find their way into the formal economy via a web of transactions that are designed to conceal their true origins this is money laundering.

To prevent this criminal activity, nearly all countries in the world have committed themselves to extremely tough laws against money laundering that incur severe penalties.

Terrorist financing can come from rogue regimes or well-organised terrorist organisations that feed their cells around the world under the cover of trade payments, investments, remittances and money for education.

Our Anti-Money Laundering & Counter Terrorist Financing (Global) course helps your employees to understand their obligations in relation to preventing these crimes including due diligence and reporting suspicious activity.

This course covers regulatory regimes across 17 key regions. We can add  more based on your needs.

We also have a similar course focusing on UK entitled AML & CTF (UK).

Audience: All staff  |  Duration: 40 minutes  |  Format: E-learning module

Learning Objectives

This course will prepare your employees to:

  • Define money laundering and terrorist financing
  • Recognise their legal obligation to prevent money laundering and terrorist financing
  • Explain your company's policies & procedures for the prevention of money laundering & terrorist financing
  • Conduct proportionate risk-based Customer Due Diligence
  • Spot common red flags and taking appropriate action
  • Know when & how to seek advice or report suspicions of money laundering or terrorist financing
  • Fulfil their obligation not to tip-off anyone suspected of money laundering or terrorist financing

Course Contents

  • Welcome
  • What is money laundering?
    - What is terrorist financing?
    - You make the call: Is it money laundering or terrorist
    - financing?
    - How does money laundering work?
  • Consequences: In the news…
    - How could you get implicated?
    - You make the call: What's the risk?
  • AML/CTF controls
    - What this means for you
    - Exercise: Dos and don'ts of AML/CTF compliance
  • Customer due diligence (CDD)
    - Assessing risk
    - Standard CDD
    - You make the call: Is the evidence sufficient?
    - Best practice for standard CDD
    - Scenario: The distance sale
    - Scenario: Customer who can't provide full evidence
    - Due diligence of other entities
    - Scenario: UHNW customer
    - Scenario: The delay
    - Simplified due diligence (SDD)
    - Enhanced due diligence (EDD)
    - You make the call: What level of due diligence?
  • Politically exposed persons (PEPs)
    - Scenario: Dealing with PEPs
    - Our rules on PEPs
  • CDD: On-going monitoring
    - What should you look out for?
  • CDD: On-going monitoring
    - What should you look out for?
    - You make the call: To report or not?
    - Scenario: The outlier
    - Scenario: Derek's case
    - Scenario: Nicola revisited
  • Reporting suspicions
    - Scenario: When to report
    - Scenario: Avoiding tipping-off
    - Record keeping
  • AML/CTF around the world
    - USA
    - France
    - UK
    - European Union (EU)
    - Cayman Islands
    - Australia
    - China
    - Germany
    - Hong Kong
    - India
    - Isle of Man
    - Japan
    - Jersey
    - Luxembourg
    - Singapore
    - Switzerland
    - UAE
    - What do you think: Is it an offence?
  • Summary
  • Affirmation
  • Assessment

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Free Trial: Compliance Essentials

This course is part of our Compliance Essentials Course Library.

Compliance Essentials is our best-selling library and there's a reason for that.

Essentials contains 30 in-depth courses and dozens of express micro-learning modules from AML, Bribery, GDPR and Equality to Health and Safety. It provides a complete and comprehensive off-the-shelf compliance solution for UK businesses that can be customised completely to fit your organisation.

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Specifications

Duration Approximately 40 minutes
Audience Suitable for all staff - examples and interactivities designed for staff at all levels
Prerequisites No previous knowledge or experience required
Design SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet
Assessment Ten-question assessment
Test-out Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply by passing the assessment Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC
Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC
Compatibility All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility)
Tailoring Fully customisable on Skillcast Portal CMS
Translation Pre-translated versions not available, but all text content can be exported for translation into all languages
Localisation Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary

Pricing

We offer several off-the-shelf subscription options for you to train your staff using this course and others in this library. Alternatively, you may purchase a perpetual licence to this course and tailor it completely to fit in with your business or go for something totally bespoke that we build for you ground up. Visit our pricing page for more details on all these options.

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