The term “money laundering” is any process that conceals the origins of money obtained by illegal means. It makes money “clean” by rendering it untraceable. Money laundering is a serious offence, as it allows people to make money from crime.
In this course, you will learn how money laundering works, how to identify the warning signs of money laundering and how organisations work to prevent it.
You will learn:
- How money laundering occurs, why it is illegal and why it is of particular concern to the financial services industry
- The three steps criminals typically use when money laundering and how they avoid getting caught
- The techniques people commonly use to launder money
- How the law and enforcing bodies help reduce money laundering, and the role of the Financial Action Task Force (FATF)
- The warning signs you need to look for if you suspect a customer or someone you know of money laundering
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Course content
6 modules · 1 hours of learning
- Module 01: Introduction (includes quiz)
- Module 01: Introduction (video)
- Module 02: How Money Laundering Occurs (includes quiz)
- Module 02: How Money Laundering Occurs (video)
- Module 03: What Makes Money Laundering Illegal?/The Stages of Money Laundering (includes quiz)
- Module 03: What Makes Money Laundering Illegal?/The Stages of Money Laundering (video)
- Module 04: How Do Criminals Avoid Being Caught? (includes quiz)
- Module 04: How Do Criminals Avoid Being Caught? (video)
- Module 05: Money Laundering Techniques (includes quiz)
- Module 05: Money Laundering Techniques (video)
- Module 06: Anti-Money Laundering Laws (includes quiz)
- Module 06: Anti-Money Laundering Laws (video)
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