Overview

Regulated businesses can serve as vital link in the money laundering chain, whether wittingly or unwittingly. With the correct training and risk awareness, all regulated businesses can break the chain and cut off the link that criminals and terrorists need to fund their enterprises. Every suspicious transaction reported or red flag spotted helps break the chain, bring criminals to justice and prevent innocent victims from being hurt by crimes such as human trafficking, drugs, violence, and terror. This course provides a detailed explanation of how money laundering works and how to conduct CDD. It also details all relevant laws and features an exhaustive list of red flags.

Objectives

In this course you will:

• Gain an understanding of how money laundering works in practice
• Understand how money laundering can negatively impact regulated businesses and yourself
• Know the laws and offences related to money laundering and terrorist financing, including penalties for breaking the law
• Understand the definition of suspicion and how to identify suspicious transactions
• Be aware of red flags relevant to businesses and know how to spot them
• How to conduct CCD