Preventing Money Laundering

Aim

To give delegates a basic knowledge of the money laundering process and how to deal with it.

Objectives

Following this workshop delegates will know:

• What is meant by the term ‘Money Laundering’
• The 3 stages of money laundering
• Who uses the money laundering process and why
• The global problem with money laundering
• Money laundering techniques used by criminals
• High risk products and services
• How to prevent or deter money laundering in an organisation

Course Content

During this practical workshop delegates will mix theory and practical exercises to:

• Understand the principles of money laundering
• Identify how money laundering schemes are perpetrated
• Learn about different ways to launder money
• Identify the high risk products and services used as vehicles to launder money
• Plan to prevent or deter money laundering
• Identify and overcome the problems of gathering evidence relating to money laundering

Duration

2 days.

Who Should Attend

• Accountants
• Auditors
• Financial Investigators
• Bank Managers
• Finance managers of large organisations

Benefits

• Prevent your organisation from being used to launder money
• Prepare policies and procedures to deter and detect money laundering in your organisation
• Effectively investigate money laundering activities