Money laundering is a serious crime. It allows money that has been obtained illegally – through other criminal activity – to be used by criminals without attracting attention from authorities. Help take the profit out of crime by learning about how money laundering and terrorism financing occur, the framework to prevent them, and things to look out for.
On completion of this course, you should be able to:
describe the concept of money laundering
describe reverse money laundering as a means of financing terrorism
outline the money laundering process
describe the legal framework to prevent money laundering
identify common money laundering techniques and suspicious practices
outline the process for carrying out customer identification and customer due diligence