• Who?
This two-hour course is aimed at non-specialist Compliance and business staff who need an introduction to the foundational tenets of good Anti-Money Laundering and Counter-Terrorist Financing organisational practice.
• Why?
Money laundering and terrorist financing threaten financial organisations in varied ways and at multiple pressure points. Crucially, staff in financial institutions with no awareness of the risks can personally commit criminal offences carrying substantial prison sentences without having any intention to commit harm, as well as expose their organisation and colleagues to harm.
• What?
The course starts by defining money laundering and terrorist financing and looking at practical examples of each, before summarising applicable international standards, national laws and regulatory guidelines. It examines both obligations and typical challenges arising (1) during onboarding and (2) during the operation of the account relationship, specifically in the context of Customer Due Diligence (CDD) and suspicion recognition and reporting. It concludes by emphasising personal reporting legal obligations under national laws and advising on how to handle interactions where information is being sought from customers, without tipping them off and committing a criminal offence.
• How?
• 2-hour live seminar with our expert tutor.
• 15-question online course assessment and certificate.
• CPD points available.
