Responsible financial entities are legally and morally obliged to detect and report suspicious financial transactions. A vital step to achieve these goals is to have a trained workforce that understands the implications of money laundering. Further, the workforce must be aware of the procedures to report these suspicious transactions.
With extensive case-studies and interactive game-like scenarios, this course provides an engaging and meaningful learning experience to the workforce.
This comprehensive e-Learning course provides deep insight into risks posed by money laundering and financial terrorism. This course begins by introducing the learner to recent global terror and fraud incidents that were prime examples of money laundering and terrorism financing. Following this, the course guides the learner through important International Anti-terrorism laws and regulations. This is followed by visually-rich and interactive scenarios that guide the user through multiple money laundering and terrorism financing scenarios and case studies that will help them understand and report anti-money laundering red flags.
Further, the course equips employees with the knowledge to detect suspicious transactions and raise red flags. The course further delves into Counter-Terrorism Financing (CTF).
The e-Learning course ends with a mandatory 10 question assessment that the learner must score a minimum of 80% to pass. Learners who fail will be guided to re-take the assessment.
What will you learn?
Money Laundering and Terrorist Financing
Money Laundering – Definition and Case studies
Stages of Money Laundering (Placement, layering and integration)
Terrorist Financing – Definition and Case studies
Procedural difference between Money Laundering and Terrorist Financing
Economic and social cost of Money Laundering and Terrorist Financing:
- Increased crime & corruption
- Undermining the Legitimate Private Sector
- Weakening Financial Institutions
- Loss of control of, or mistakes in, decisions regarding economic policy
- Economic Distortion and Instability
- Loss of Tax Revenue
- Risks to Privatisation Efforts
- Reputation Risk for the Country
- Social Costs
Combating Money Laundering and Terrorist Financing
Your role in compliance
International Sanctions and Embargoes
- Types of Sanctions
- International organisations that administer sanctions programmes (FATF, OFAC, UNSC and EU)
- False Hit List/Good Guys List
- Sanctions Compliance
- Case studies
- Combating the Financing of Terrorism
- General characteristics of Terrorist Financing
AML Compliance program
- Risk assessment
- Internal Policies, Procedures and Controls
- KYC (Know Your Customer)
- Know Your Employee (KYE)
- Enhanced Due Diligence
- Designated Compliance Officer
- Ongoing Employees Training
- Independent Audit function
- Reporting Procedure
Red Flags related to ML (Money Laundering) and TF (Terrorism Financing)
- ATM Usage
- Credit Balance
Summary and assessment
We’re delighted to provide course customisation and Language translations. Please feel free to contact the sales team for your requirement.
All courses include
SCORM/ AICC or Tin Can
e-Learning courses are SCORM 1.2 compliant by default. SCORM 2004, AICC and TinCan formats are available on request.
Assessments & feedback
All e-Learning content is integrated with assessments on PASS/FAIL thresholds.
High quality human voice narration
High quality voice narration in UK English is integrated with all courses.
Learning by doing
3D enabled, interactive, engaging e-Learning courses focusing on “learning and doing“.
The content you wish to purchase can be translated into the language of your choice upon request.
Add Company logo & Information Security department contact details in the content you purchase.