Overview

This pathway aims to increase awareness about money laundering and terrorist financing. Any AML professional must recognise, prevent, and report any suspicious activities to protect their firms. 

The activities in this pathway explore what money laundering and terrorist financing are, the legislation surrounding money laundering and terrorist financing, the process of money laundering, and how to recognise and prevent these crimes.

Objectives

At the end of the course, trainees will be able to:

• Identify what money laundering and terrorist financing are,
• Understand the current legislation around money laundering and terrorist financing in the UK, 
• Recognise the process of money laundering,
• Spot red flags and other signs of potential money laundering and terrorist financing activity,
• Prevent money laundering and terrorist financing activities,
• Report suspicious money laundering and terrorist financing activities,
• Identify the consequences of failing to spot and/or report unusual activity.