What is Money Laundering? Certification
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
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Duration 1 hours
Modules 6
Certificate of completion
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Course FAQ
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 has 6 modules and should take 1 hour. Each module takes between 20 and 90 minutes on average to complete, although students can spend as much or as little time as they feel necessary on the modules.
Where / when can the course be studied?
The course can be studied at any time and from any internet-connected device.
Is there a test at the end of the course?
Once you have completed the course there is a multiple choice test. The questions will be on a range of topics found within the modules. The test, like the course, is online and can be taken at a time and location of your choosing.
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