Intro Annual Account Analysis For Kyc/Cdd Professionals

An introduction to FINANCIAL STATEMENT information to enable further ANTI MONEY LAUNDERING investigations

What you'll learn
Understand financial information in annual accounts enabling you to ask further questions or do additingal investigations to uncover money laundering
Grasp how the income statement and cash flows impact the balance sheet
Understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.
Recognize laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations
Understand illegal practices, sucha as the VAT carousel, property flipping and asset value manipulations
Learn to signal red flags that can indicate manipulation of financial information to launder criminal proceeds
Make a risk assessment to decide if further client investigation is necessary to expose money laundering
Recognize possible illegal transaction, such as trade based money laundering by over- and under invoicing
Requirements
If you have limited or no experience in finance you will not have any problems to enrol in this course!
Description
This course is designed for participants that have no or limited financial knowledge. If you work or plan a career in the anti money laundering field,for example as Know Your Customer or Customer Due Diligence professional, this course might be for YOU!Criminals use companies and manipulate financial information in annual accounts to disguise the illegal source of the funds with the purpose to launder the proceeds.You don’t have to be an accountant or financial expert to understand information in annual accounts. Finance is not rocket science!After completion of this course you:Understand financial informationCan signal red flags that can indicate manipulation of financial information to launder criminal proceedsAre supported to make a risk assessment to decide if further client investigation is necessary to expose money launderingThis course contains almost 1,5 hour of video’s presentations and 39 multiple choice questions to test and enhance your knowledge. There are three sections with in total 16 lectures and 9 quizzes.Section 1 is an introduction to the annual account.You will learn about accounting categories and regulations. Also, you get an overview financial information of a balance sheet, income statement and cash flow statement.Section 2 offers you more in-depth knowledge to understand and analyse a balance sheet.You will understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.This part contains practical examples of money laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations.Red flags examples help you to recognize potential criminal activities to support you to ask further questions for investigation.Section 3 focuses on the income and cash flow statements.You will learn the basic accounting principles to calculate earnings before interest and taxes (EBIT) and to understand the difference between revenue and cost with receipts and payments. Practical examples illustrate how the income statement and cash flows impact the balance sheet.Finally, this part enable you to spot red flags for possible illegal transaction, such as trade based money laundering by over- and under invoicing, phantom shipping, multiple invoicing and asset valuation manipulation.You can preview the free accessible parts and the course program before you decide to enrol.If you have further questions, please don’t hesitate to send me a message.

Overview

Section 1: Introduction

Lecture 1 Introduction to financial information

Section 2: Ballance sheet introduction

Lecture 2 Balance sheet information and structure

Lecture 3 Equity and AML

Lecture 4 Annual account balance sheet credit side: funding by loans

Lecture 5 Balance sheet liabilities: Loan structures and money laundering

Lecture 6 Balance sheet liabilities red flag signals for potential money laundering

Section 3: Annual account balance sheet assets (debet)

Lecture 7 Further introduction to assets

Lecture 8 Current assets: liquidity analysis (ratio’s) to signal money laundering

Lecture 9 VAT carrousel fraud

Lecture 10 Valuation of long term assets on the debit balance sheet (depreciation)

Lecture 11 Long term assets money laundering: property flipping and red flags

Section 4: Annual account profit and loss statement

Lecture 12 P&L introduction

Lecture 13 P&L difference with cash flow statement and accounting principles

Lecture 14 Accounting principles application: an example

Lecture 15 Signalling mixing criminal funds for integration

Lecture 16 Trade-Based Money Laundering and other red flags

This course is designed for participants that have NO or LIMITED financial knowledge.,If you work or plan a career in the anti money laundering field, for example as Know Your Customer or Customer Due Diligence professional, this course might be for YOU