Introduction to the Prevention of Money Laundering

Introduction to the Prevention of Money Laundering

£7.00

This course is designed to equip learners with a solid understanding of money laundering, including the three stages of the money laundering process and the risks and red flags that could signpost suspicious activity.

Learner details
SKU: CPD-PML-007 Category:

Description

Money laundering in the UK is estimated to exceed £90 billion annually with criminals profiting while victims suffer. This unlawful practice seeks to legitimise the gains from various criminal activities like human trafficking and drug dealing, making them appear legal or ‘clean’.

This course is designed to equip learners with a solid understanding of money laundering, including the three stages of the money laundering process. This course provides the necessary knowledge and skills to prevent money laundering within your organisation, identifying key indicators or ‘red flags’ of suspicious activity, and guiding you on the appropriate actions to take if concerns arise.

Areas Covered

  • What money laundering is
  • Legislative framework
  • The anti-money laundering policy statement
  • Controls and monitoring
  • Due diligence
  • Training
  • Record-keeping

Who is it for?

This course is essential for any employee who may encounter potential money laundering risks, as well as their managers. It is also an excellent addition to an induction programme.

Additionally, it can serve as a stand-alone module for anyone interested in learning more about economic crime and the legal obligations imposed on individuals and businesses to prevent it.

Requirements

No prior knowledge needed

Typical duration & assessment

20 – 40 minutes

Multi-choice questions