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 on the laws governing covered transactions, suspicious transactions, and terrorism financing, as well as apply and ensure compliance with KYC and Customer Due Diligence rules.

Course curriculum

  • 1

    Test Your Knowledge

    • Test Your Knowledge

  • 2

    Handouts

    • Handouts - Anti-Money Laundering Series - Lesson 3

  • 3

    MODULE OVERVIEW

    • MODULE OVERVIEW

  • 4

    Covered and Suspicious Transactions

    • Seven Signs of Transaction as Suspicious of Money Laundering

    • Corruption Related

  • 5

    SECTION REVIEW: Covered and Suspicious Transactions

    • SECTION REVIEW: Covered and Suspicious Transactions

  • 6

    Suspicious Transactions Alerts and Red Flags

    • Cross Border Investment Fraud

    • Drug Related Transactions

    • Cash Deposits/Ponzi Scheme/ Pyramiding, Usage of Transit Accounts and Unverified Banking Accounts/ Transactions

  • 7

    SECTION REVIEW: Suspicious Transactions Alerts and Red Flags

    • SECTION REVIEW: Suspicious Transactions Alerts and Red Flags

  • 8

    Circumstances Considered in Terrorism Financing

    • 15 Circumstances Considered in Terrorism Financing

    • Suspicious Transaction Reports

  • 9

    SECTION REVIEW: Circumstances Considered in Terrorism Financing

    • SECTION REVIEW: Circumstances Considered in Terrorism Financing

  • 10

    KYC and Customer Due Diligence

    • KYC / Customer Due Diligence (CDD)

    • CDD Purpose, Measures and Procedures

    • First Measure: Customer Identification Process (CIP)

  • 11

    SECTION REVIEW: KYC and Customer Due Diligence

    • SECTION REVIEW: KYC and Customer Due Diligence

  • 12

    EXERCISES

    • 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 3

    • QUIZ: Anti-Money Laundering Series – Lesson 3

  • 15

    Evaluation Form

    • Evaluation Form - Introduction to Anti-Money Laundering - Lesson 3