E-Learning: Anti-money laundering and countering terrorist financing
Description
The activities in this pathway outline:
- the criminal offences of money laundering and terrorist financing
- how the offences are committed through firms
- the legislation and regulatory guidance that are in place to help firms identify and prevent themselves being used to facilitate money laundering and terrorist financing
- preventative measures that should be used by firms and the individuals within them, to help stop criminals using firms
- the offences that firms or individuals within them can be liable for and the associated penalties
- the reporting requirements for suspicion of or known criminal activity.
When you've completed the activities in this pathway, you should be able to:
- recognise the preventative measures used by you and your firm to help prevent being used by criminals for money laundering and terrorist financing
- differentiate between money laundering and terrorist financing
- recognise some of the red flags (signs of suspicious activity) that could be an indication of these illegal acts
- determine when you need to report a suspicion of or known money laundering or terrorist financing, and to whom.
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