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Anti-Money Laundering and Counter-Terrorist Financing Series
Learn to protect your organization from money laundering and terrorist financingPreview the first lesson free — get full access to all 16 lessons.
Essential Provider : KnowledgeCity 5 chapters · 16 Lessons · 31m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Money laundering and terrorist financing occurs all around the world. No country is immune. This course will introduce you to money laundering and terrorist financing as well as show you the signs to look for to identify these activities. You will also learn how to keep your organization safe from individuals who wish to launder money or fund terrorist organizations.
This course will guide you on fundamental ways to prevent money laundering and terrorist financing within your organization. You will learn about the effects of money laundering and critical identification methods such as risk assessment and customer identification. This course will demonstrate the red flags you may encounter and how to report suspicious transactions.
What You'll Learn
- Identify the signs of money laundering and terrorist financing activities
- Implement anti-money laundering and counter-terrorist financing tactics within your organization
- Recognize the various methods of money laundering and the sources of terrorist financing
- Apply the Financial Action Task Force (FATF) recommendations
- Assess risks properly using a risk-based approach and risk assessment
- Detect red flags and report suspicious transactions
Key Takeaways
- Money laundering and terrorist financing occur all around the world and no country is immune to them.
- Organizations can protect themselves from individuals seeking to launder money or fund terrorist organizations by applying fundamental prevention methods.
- Critical identification methods include risk assessment and customer identification.
- Knowing key indicators and red flags helps identify money laundering and terrorist financing so suspicious transactions can be reported.
- The course covers the Financial Action Task Force recommendations as part of its guidance.
Frequently Asked Questions
What will this course teach me?
It introduces money laundering and terrorist financing, shows the signs to look for to identify these activities, and guides you on fundamental ways to prevent them within your organization, including the effects of money laundering and identification methods such as risk assessment and customer identification.
Does the course cover how to handle suspicious activity?
Yes. It demonstrates the red flags you may encounter and how to report suspicious transactions.
What topics are included in the lessons?
Lessons cover money laundering and terrorist financing and their effects, methods of money laundering, sources of terrorist financing, FATF recommendations, a risk-based approach, risk assessment, red flags, reporting suspicious transactions, Know Your Customer, and a Customer Identification Program.
Who can benefit from this course?
It is aimed at people who want to keep their organization safe from individuals who wish to launder money or fund terrorist organizations and learn how to implement anti-money laundering and counter-terrorist financing tactics.
