This training is designed to help participants understand how money laundering is perpetrated and how governments and anti-money laundering (AML) laws operate to counteract this crime. It also highlights the roles and responsibilities of the AMLC and covered persons in facing the threat of money laundering. Professional accountants , compliance officers, and other individuals in covered institutions such as banks, stock brokerages, casinos, and pawnshops will greatly benefit from this course.

In this lesson, participants should gain a firm grasp of the money laundering process, anti-money laundering laws and the role of the AMLC, together with its operational units in countering money laundering.

Course curriculum

  • 1

    Important Reminders Before You Start Your Training

    • Daily Training Limit, Time Zone and Other Reminders
  • 2

    Test Your Knowledge

    • Test Your Knowledge
  • 3

    Handouts

    • Handouts - Anti-Money Laundering Series – Lesson 1
  • 4

    MODULE OVERVIEW

    • Module Overview - Lesson 1
  • 5

    Money Laundering Definition and Effects

    • Introduction

    • Money Laundering's Effects

    • What Money Laundering Is

  • 6

    SECTION REVIEW: Money Laundering Definition and Effects

    • SECTION REVIEW: Money Laundering Definition and Effects
  • 7

    Terrorist Financing and AML History

    • Terrorism Financing

    • History
  • 8

    SECTION REVIEW: Terrorist Financing and AML History

    • SECTION REVIEW: Terrorist Financing and AML History
  • 9

    The Money Laundering Process

    • Money Laundering Process

  • 10

    SECTION REVIEW: The Money Laundering Process

    • SECTION REVIEW: The Money Laundering Process
  • 11

    AML Policies and the AMLC’s Operational Units

    • Policies on AML

    • AMLC and Its' Operational Units
  • 12

    SECTION REVIEW: AML Policies and the AMLC’s Operational Units

    • SECTION REVIEW: AML Policies and the AMLC’s Operational Units
  • 13

    EXERCISES

    • List of Scenarios

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 - Questions
  • 14

    CASE STUDY

    • CASE STUDY

    • CASE STUDY - Questions
  • 15

    Key Points

    • Key Points - Anti-Money Laundering Series - Lesson 1
  • 16

    Quiz: Anti-Money Laundering Series - Lesson 1

    • Quiz: Anti-Money Laundering Series - Lesson 1
  • 17

    Evaluation Form

    • Evaluation Form - Introduction to Anti-Money Laundering - Lesson 1