Description
Course Overview
Money-Laundering is a major criminal problem, worldwide. This course starts by defining money- laundering and describing the ‘regulated sector’ as defined by the Proceeds of Crime Act.
The course discusses a number of money-laundering offences, including tax evasion, theft, fraud, bribery and the financing of terrorism. You’ll learn about some of the ‘red flags’ which could indicate illegal activity, and the connections between money-laundering and certain financial institutions.
You’ll see how the regulated sector combats money-laundering through compliance, due diligence, and record-keeping.
Finally, the course examines the internal controls and monitoring used by companies to fight against money-laundering, including policy statements, effective reporting systems, and staff responsibilities.
Learning Objectives
By the end of this course, you will be able to:
- Identify the key pieces of legislation in regard to money laundering and its relation to other offences.
- Define the term Money laundering, what leads to it and the effect it has on others, the business and economy.
- Understand the concept of due diligence and the regulations that is applied and the regulators that can be consulted.
- Evaluate internal controls to help reduce and monitor activities that lead to money laundering.
- Remember employee responsibilities in applying internal control, recognise the signs of money laundering and reporting concerns.
Advantages
Training staff in this area can be used as part of a company’s proof that they are actively working to identify and discourage money-laundering.
Online training is flexible, efficient and cost effective meaning the candidate can progress through the modules at their own pace and in their own time, so they can fit the training in around their work and personal life.
Who is it for?
This course is suitable for anyone working in an organisation that handles large amounts of money. It can also be used as an introduction to the subject for those working or planning to work in a regulated sector.
Course Modules
Module 1: Introduction
Module 2: The Law
Module 3: Money-Laundering
Module 4: Due Diligence
Module 5: Internal Controls and Monitoring
Further Progression
For candidates that want to add more qualifications to their CV our Leadership Skills and Developing Teamwork courses are ILM approved and can provide them with a recognised qualification.
For candidates new to management roles Managing Meetings would be a great next step although working through any of our range of Business Skills courses would be valuable.
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