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 an understanding and appreciation of the role and powers of the AMLC, particularly the related laws on bank inquiry, freeze orders and asset forfeiture.

Course curriculum

  • 1

    Test Your Knowledge

    • Test Your Knowledge

  • 2

    Handouts

    • Handouts - Anti-Money Laundering Series - Lesson 2

  • 3

    MODULE OVERVIEW

    • Module Overview - Lesson 2

  • 4

    SECTION REVIEW: AMLC Tasks/Conducting Bank Inquiries

    • SECTION REVIEW: AMLC Tasks/Conducting Bank Inquiries

  • 5

    AMLC Tasks/Conducting Bank Inquiries

    • Primary Task of AMLC

    • Conduct Bank Inquiry

  • 6

    Freeze Orders

    • Requirements and Sources of Freeze Order

    • Limitations of Freeze Order

    • Freeze Order: Materially - linked Accounts

  • 7

    SECTION REVIEW: Freeze Orders

    • SECTION REVIEW: Freeze Orders

  • 8

    Asset Forfeiture/Jurisdiction/Extra-territorial Application

    • Asset Forfeiture

    • Jurisdiction Over Money Laundering Cases

    • Extra-territorial Application: Terrorism Financing

  • 9

    SECTION REVIEW: Asset Forfeiture/Jurisdiction/Extra-territorial Application

    • SECTION REVIEW: Asset Forfeiture/Jurisdiction/Extra-territorial Application

  • 10

    SRA/IRA/MTTP/Compliance Management Structure

    • National Risk Assessment (NRA) and Sub-Sectoral Risk Assessment (SRA)

    • Institutional Risk Assessment (IRA)

    • Money Laundering/Terrorism Financing Prevention Program (MTTP)

    • Compliance Management Structure

    • Covered Transaction

  • 11

    SECTION REVIEW: SRA/IRA/MTTP/Compliance Management Structure

    • SECTION REVIEW: SRA/IRA/MTTP/Compliance Management Structure

  • 12

    EXECISES

    • List of Scenarios

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 - Questions

  • 13

    CASE STUDY

    • CASE STUDY

    • CASE STUDY - Questions

  • 14

    Quiz: Anti-Money Laundering Series - Lesson 2

    • Quiz: Anti-Money Laundering Series - Lesson 2

  • 15

    Evaluation Form

    • Evaluation Form - Introduction to Anti-Money Laundering - Lesson 2