Money laundering is a complex and widespread crime. Did you know you play a critical role in your organization’s anti-money laundering compliance program? Here, you’ll learn how you can help to prevent and detect money laundering, including “know your customer” due diligence. We’ll also cover money-laundering reporting and what to do if you form a suspicion.
Learning objectives –
Describe the concept of money laundering
Outline the money laundering process
Describe reverse money laundering as a means of financing terrorism
Describe common money laundering techniques and suspicious practices
Outline general duties for anti-money laundering compliance
Outline processes for due diligence – “know your customer”