Facilitating money laundering can have severe consequences for your company.
The practice of obtaining money from criminal activity and integrating it into the economy, so it appears to have originated from a legal source, is called money laundering. Money laundering helps criminals to provide a legitimate, legal source for their money. To avoid this, there are strict money laundering regulations that different types of businesses must follow. If a business or its employees are found to have facilitated money laundering, they can face consequences such as loss of reputation, unemployment, fines and imprisonment.
We created the Money Laundering training course to support businesses in being aware of money laundering and its consequences. It provides an overview of how to act to be compliant with regulations, how to identify warning signs and how to report suspicious behaviours.
The Money Laundering eLearning module will enable the user to identify and understand what constitutes money laundering. Upon completion, users will be confident in their ability to identify and report suspicious activity to the relevant authorities. It is a fully online interactive course and assessment, accessible on any device, 24/7, with no time limits through our modern LMS. A certificate can be downloaded upon successful completion of the eLearning module.
- What is Money Laundering
- Legal Background
- Customer Due Diligence
- Warning Signs
- Reporting Suspicious Behaviour
- The Money Laundering, Terrorist Financing and Transfer of Funds Regulations (2017)
- Serious Crime Act (2015)
- Crime and Courts Act (2013)
- The Money Laundering Regulations (2007)
- The Proceeds of Crime Act (2002)
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