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 Lesson 7, participants should (1) gain an understanding of how non-profit organizations (NPOs) are abused for purposes of money laundering, (2) identify potential suspicious activities which may indicate money laundering or terrorist financing using NPOs, and (3) understand the ways by which NPOs can protect themselves from criminal abuse. 

Course curriculum

  • 1

    Test Your Knowledge

    • Test Your Knowledge

  • 2

    Handouts

    • Handouts : Anti-Money Laundering Series - Lesson 7

  • 3

    MODULE OVERVIEW

    • Module Overview - Lesson 7

  • 4

    An Example of NPOs Used in Money Laundering

    • Priority Development Assistance Fund Scam

    • Non-Profit Organization

  • 5

    Section Review

    • SECTION REVIEW: PDAF and NPOs

  • 6

    PCNC, CODE-NGO and the Fight Against Abuse of NPOs

    • PCNC and CODE-NGO

    • Abuse of NPOs - Part 1

  • 7

    Section Review

    • SECTION REVIEW: PCNC and CODE-NGO/ Abuse of NPOs - Part 1

  • 8

    Potential Suspicious Activities Which May Indicate Money Laundering

    • Abuse of NPOs - Part 2

    • Potential Suspicious Activities Which May Indicate ML

  • 9

    Section Review

    • SECTION REVIEW: Abuse of NPOs - Part 2/ Suspicious Activities Indicative of ML

  • 10

    Potential Suspicious Activities Which May Indicate Terrorism Financing and How NPOs Can Protect Themselves

    • Potential Suspicious Activities Which May Indicate TF

    • How NPOs Can Protect Themselves

  • 11

    Section Review

    • SECTION REVIEW: How NPOs Can Protect Themselves

  • 12

    EXERCISES

    • List of Scenarios

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 - Questions

  • 13

    CASE STUDY: The Pork Barrel Scam

    • CASE STUDY: The Pork Barrel Scam

    • CASE STUDY: Questions

  • 14

    TOPICS REVIEW

    • Topics Review - AML Series - Lesson 7

  • 15

    Quiz

    • Quiz

  • 16

    Evaluation Form

    • Evaluation Form - Introduction to Anti-Money Laundering - Lesson 7