What is Money Laundering?

The term “money laundering” is any process that conceals the origins of money obtained by illegal means. It makes money “clean” by rendering it untraceable. Money laundering is a serious offence, as it allows people to make money from crime.

In this course, you will learn how money laundering works, how to identify the warning signs of money laundering and how organisations work to prevent it.

You Will Learn:

  • How money laundering occurs, why it is illegal and why it is of particular concern to the financial services industry
  • The three steps criminals typically use when money laundering and how they avoid getting caught
  • The techniques people commonly use to launder money
  • How the law and enforcing bodies help reduce money laundering, and the role of the Financial Action Task Force (FATF)
  • The warning signs you need to look for if you suspect a customer or someone you know of money laundering

Benefits of Taking This Course:

  • If you work in the financial sector, this course will provide you with a comprehensive introduction to the problem of money laundering
  • If you are interested in financial law, you will benefit from this introduction to a major, ongoing problem in the financial services industry
  • If you work in another sector in which large transactions are a regular part of day-to-day business, this course will teach you how to identify potential money laundering schemes so you can report them to the relevant authorities in a timely manner


Course Modules/Lessons

Module 02: How Money Laundering Occurs

Module 03: What Makes Money Laundering Illegal?/The Stages of Money Laundering

Module 04: How Do Criminals Avoid Being Caught?

Module 05: Money Laundering Techniques

Module 06: Anti-Money Laundering Laws

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FAQ's

  • Who can take the What is Money Laundering? Certification course?

    There are no entry requirements to take the course.

  • What is the structure of the course?

    The course is broken down into 5 individual modules. Each module takes between 20 and 90 minutes on average to study. Although students are free to spend as much or as little time as they feel necessary on each module.

  • Where / when can the course be studied?

    The course can be studied study at any time and from any internet connected device

  • Is there a test at the end of the course?

    Once you have completed all 5 modules there is a multiple choice test. The questions will be on a range of topics found within the 5 modules. The test, like the course, is online and can be taken a time and location of your choosing.

  • What is the pass mark for the final test?

    The pass mark for the test is 70%.

  • What happens if a user fails the test?

    If the user doesn’t pass the test first time they will get further opportunities to take the test again after extra study. There are no limits to the number of times a test can be taken.

  • How long does it take to complete the What is Money Laundering? Certification course?

    We estimate that the course will take about 1 hours to complete in total, plus an additional 30 minutes for the end of course test.