Prevention of Money Laundering and Terrorist Financing
Description
Preventing money laundering and terrorist financing is a key responsibility of all professionals of the financial sector. It is therefore essential that training in this activity be conducted regularly. This course provides participants with the information and training that they require to combat money laundering and terrorist financing effectively. The course can be provided as an introductory course or as an advanced workshop.
Course Content
- Typical transaction cycles of money laundering
- Differences between money laundering and terrorist financing
- Recommendations of the Financial Action Task Force (FATF or GAFI)
- Legal and regulatory framework for the prevention of money laundering and terrorist financing
- Primary offences
- The requirement to “know your customer”
- Obligations of professionals of the financial sector to prevent money laundering and terrorist financing
- Identifying suspicious transactions
- How to manage a suspicious transaction
- Recent developments in the fight against money laundering and terrorist financing
Duration
A half-day for up to 12 participants
Target Audience
All professionals of the financial sector and anyone outside the financial sector who are involved in preventing money laundering and terrorist financing.