Learning outcomes
By the end of the course you will have learned about:
- What money laundering is.
- How the process of money laundering takes place.
- The legal background to money laundering and your responsibilities in helping to prevent it.
- How money laundering relates to terrorism and crime.
- To who and what money laundering regulations apply.
- What should be featured in an anti-money laundering training programme.
- What a ‘regulated business’ is.
- What you or your business should do to combat the threat of money laundering.
- How to devise a money laundering policy.
- What a ‘nominated officer’ is.
- How to protect yourself and your business from being implicated in money laundering cases.
- What ‘due diligence’ is and how to do it.
- When to apply ‘enhanced due diligence’.
- What is acceptable proof of identity.
- What a ‘beneficial owner’ is.
- What records should be kept.
- How to spot money laundering ‘red flags’.