<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=85082&amp;fmt=gif">
  • money laundering prevention

    Essentials: Money Laundering Prevention

  • money laundering prevention

    Essentials: Money Laundering Prevention

  • money laundering prevention

    Essentials: Money Laundering Prevention

 
money laundering prevention
money laundering prevention money laundering prevention
 

Money laundering and terrorist financing are very serious financial crimes. The criminals behind these crimes are using evermore sophisticated methods to move money around and no company is immune.

This course covers the legal obligations of companies to prevent and report money laundering and terrorist financing. Your employees will find out about the systems and procedures that you have in place to prevent financial crime, and what their role is in complying with them.

Learning Objectives
  • Define money laundering and terrorist financing
  • Recognise your legal obligation to prevent money laundering and terrorist financing
  • Explain our Company's policies and procedures for preventing money laundering and terrorist financing
  • Conduct proportionate risk-based Customer Due Diligence
  • Recognise common red flags and take appropriate action
  • Recognise when and how to seek advice and report suspicions of money laundering or terrorist financing
  • Fulfil your obligation not to tip off anyone suspected of money laundering or terrorist financing
Course Contents
  1. What is money laundering?
  2. You make the call: Is it money laundering?
  3. What is terrorist financing?
  4. How does it work?
  5. You make the call: Money laundering or terrorist financing?
  6. AML/CTF laws and penalties
  7. UK AML/CTF laws
  8. Offences and penalties
  9. Prosecutions
  10. What do you think: Is it an offence?
  11. Our AML/CTF Policy
  12. Best practice for complying with our AML/CTF Policy
  13. Customer due diligence
  14. Assessing risk
  15. You make the call: How risky is it?
  16. Standard CDD
  17. Standard documentary evidence
  18. Good practice for standard CDD
  19. You make the call: Is it sufficient?
  20. Scenario: Requesting supporting evidence
  21. Due diligence of other entities
  22. Scenario: Private entity CDD
  23. Scenario: The delay
  24. Simplified CDD
  25. You make the call: Who is considered low-risk?
  26. Enhanced CDD
  27. Scenario: The telephone sale
  28. CDD: Monitoring customer activity
  29. What should you look out for?
  30. You make the call: To report or not?
  31. Scenario: Joe's conviction
  32. Politically exposed persons (PEPs)
  33. What do you think: Can we deal with PEPs at all?
  34. Our rules on PEPs and sanctions
  35. Scenario: Transaction with a sanctioned entity
  36. Scenario: A workaround
  37. Suspicious Activity Reporting (SAR)
  38. Scenario: When to report
  39. Scenario: Avoiding tip-offs
  40. Summary
  41. Assessment
Specification
Feature Description
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
iExpress Supplementary four-minute iExpress interactive video provided to create awareness and interest about the topic
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

 

call1.png
We’re here to help! Get In Touch