Money Laundering - interactive CDROM

Money is “Laundered” by criminals to conceal its true origin and ownership.

By passing the proceeds of criminal activity through banks, businesses and other financial institutions, criminals can provide a legitimate cover for their source of income.

The problem is escalating worldwide – the proceeds of Drug Trafficking alone are thought to be around £500 billion – so all organisations must be on the alert against methods being used by criminals.

If your business is not prepared, you risk not only financial losses, but also severe legal penalties.

This Money Laundering course provides all financial institutions with an easy way to train their staff in the detection and prevention of Money Laundering. Using clear and informative text, interactive questions and high quality graphics, it describes the background and methods of Money Laundering, and guides the user through the latest legislative and practical requirements. The user is shown how to gather the appropriate information from potential customers, and what procedures to follow if they suspect attempted Money Laundering. Finally, a hands-on simulation allows the user to test out their acquired knowledge and skills.

Consisting of 3 to 5 hours of interactive training, Money Laundering is suitable for new and existing staff of banks and other financial institutions.

Course Contents

This course is designed to provide staff of financial institutions with the skills necessary to detect and prevent Money Laundering. It describes the background to Money Laundering and the methods used by criminals to conceal their profits, including modern technologies. The user is guided through current legislative requirements, and shown how to deal with potential personal and business customers and the action to take if laundering is suspected. A final simulation tests the users ability to detect and report suspicious activity.

Topics Covered

• Origins of Money Laundering
  • Historical Background
  • Sources of Dirty Money
• The Money Launderer’s tools and methods
  • Banks and Financial Institutions
  • Laundering Methods
  • New Developments and Money Laundering
• Regulations and Guidelines
  • Practical Compliance with the Regulations and Guidelines
  • Internal Controls and Personal Customers
  • Keeping records and reporting suspicions

Who will Benefit ?

All staff within a financial institution need to be alert to potential Money Laundering, and aware of the legal reporting requirements. This course is particularly useful for front-line staff who are responsible for dealing with new customers, and those who manage and monitor accounts.

Cost: Video and CDROM Prices
International orders please email for cost
Bulk Discounts Available

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