Introduction to Money Laundering & Terrorism Financing

Most financial institutions are nowadays required by the regulatory authorities to provide to all new employees mandatory anti-money laundering training as part of their new-hire orientation program. Using the highly regarded i-KYC Introduction to AML/CFT e-learning can help organisations to effectively train and test new staff about correct understanding of the relevant AML/CFT risk issues.

As this course is designed to be an introduction to anti-money laundering and counter terrorism financing, the target audience includes new hires working across a range of financial and non-financial business sectors and for all types of job functions.

DURATION:	APPROXIMATELY 45 – 60 minutes including knowledge checks
TARGET AUDIENCE:	New hires working across a range of financial and non-financial business sectors and for all types of job functions
COURSE OVERVIEW:	The Introduction to Money Laundering and Terrorism Financing course has been especially designed by subject matter experts to provide a general overview of money laundering and terrorism financing features and risks
COURSE OBJECTIVES:	After completing the e-learning a participant will be able to: Discuss the impact of money-laundering and terrorist financing; Explain the three stages of Money Laundering; Understand what the principal uses and sources are of money by terrorist organisations; Discuss the need of AML/CFT legislation; Explain the role of regulatory authorities; Understand the place and role of the Compliance department in the organisation
METHODOLOGY:	The course has been developed using the latest e-learning authoring tools and is informative, interactive and engaging
COURSE OVERVIEW:	Module 1: Introduction to Money Laundering What is money laundering; Why do criminals launder money; What are the consequences of money laundering; What are the 3 stages of money laundering; Knowledge check. Module 2: Introduction to Terrorism Financing What is terrorism and terrorism financing; What are the principle uses and sources of money by terrorist organisations; What are the principal methods used by terrorist organisations to transfer money; Knowledge check. Module 3: AML/CFT Laws and Regulations Why do we need AML/CFT legislation; Overview of local and international AML/CFT legislation; The role of supervisory authorities; What are the consequences of not being compliant; The role and place of the Compliance department in the organisation; Knowledge check.