Introduction to Anti Money Laundering
Course Details
Duration: 09:00 - 12:00
Venue: Forward Training Suites, 2 Mulcaster Street, St Helier
Cost: £125 or 3 FastForward Units
CPD Hours: 3 Hours
Course Overview
Covering the basics of Money Laundering and Terrorist Financing, the course ensures employees understand the risk based approach to the AML regime. Covering the relevant AML legislation, the implications of failing to report information (under Art 34D) and the tipping off offence are emphasised.
Target Audience
This course is designed for those new to the world of anti-money laundering, junior employees, support staff, and those who have changed role and are now caught under the AML legislation for the first time, thereby demonstrating to the regulator your organisation’s adherence to 7.2 (6) of the Handbook.
Course Content
Key Topics:
- What is Money Laundering?
- What is Terrorist Financing?
- Vulnerabilities, Triggers, Risks and Responsibilities
- The Enactments and the AML/CFT Handbook
- What is the Risk Based Approach?
- Risk Based Approach in Action – Case Studies
- Mandatory and Post-Reporting Obligations
Aiming to be interactive, case studies are used to demonstrate the risk based approach in action. A discussion will take place on what stops staff reporting, despite the legislation.
Learning Outcomes
Having attended this course, delegates will:
- Have a better understanding of what constitutes money laundering.
- Be prompted to think about their own organisation’s vulnerabilities, and how they can play a part in the fight against financial crime.
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