2023 Anti-Money Laundering And Counter-Terrorist Financing

All you need to know about the world of Money Laundering and Terrorist Financing

What you'll learn

Definition of Money Laundering

Details and examples of three stages of Money Laundering (Placement, Layering and Integration).

The economics and social consequences of Money Laundering.

The most common methods of money laundering: structuring, casino, black market peso exchange.

Definition of terrorist, terrorist act, terrorist organization, terrorist financing.

How terrorists raise, move, and store funds: NPOs and Hawala system

Emerging Risks for Terrorist Financing

Differences and similarities between Money Laundering and Terrorist Financing

Real cases of Money Laundering and Terrorist Financing

List of questions with specific explanation to check your understanding

Requirements

The course has no specific prerequisites.

Description

Hi guys,Thanks for being here!Welcome to my course Anti-Money Laundering and Counter-Terrorist Financing!In this course, we will start the course by understanding the term money laundering and then go through details and examples of 3 stages of Money Laundering as well as Economic and Social consequences of Money Laundering. The next part is Method of Money Laundering. Then, we will learn about the definition of terrorist financing, the way terrorists raise, move and store funds, methods and risks of abuse as well as emerging risks for terrorist financing. Finally, we will analyze the differences and similarities between money laundering and terrorist financing. Reference Materials are mentioned in the course, which come from Financial Action Task Force (FATF), Association of Certified Anti-Money Laundering Specialists (ACAMS), U.S. Financial Crimes Enforcement Network (FinCEN), MONEYVAL, Palermo Convention,…During the course, I will explain more about relevant terms like tax evasion, tax avoidance, concentration risk, structuring, smurfing, Black market peso exchange, Hawala, cash-intensive business,…To check your understanding, after most of the concepts, practice questions are included. These questions are built on the ACAMS exam format. I would recommend you to attempt the practice exercises given throughout the course to revise your knowledge.Money laundering and Terrorist Financing are ever-evolving activities. While we sit here and study money laundering and terrorist financing techniques, there are criminals out there somewhere who are constantly researching new methods to hide their dirty money and their activities. Launderers and terrorists are very creative— when we detect one method, the criminals soon find another. After completing this course, I believe that at least you will have an idea about what happen in the world of Money Laundering and Terrorist Financing. Some are simple, some are complex, but all are interesting!

Overview

Section 1: INTRODUCTION

Lecture 1 Introduction

Section 2: MONEY LAUNDERING

Lecture 2 1. Definition of Money Laundering

Lecture 3 2. Three stages of Money Laundering

Lecture 4 3. The Economic and Social Consequences of Money Laundering

Lecture 5 4. Methods of money laundering

Lecture 6 4.1 Structuring

Lecture 7 4.2 Casinos

Lecture 8 4.3 Black market peso exchange

Lecture 9 Check your understanding

Section 3: TERRORIST FINANCING

Lecture 10 1. What is Terrorist Financing (TF)?

Lecture 11 2. How terrorists raise, move, and store funds

Lecture 12 2.1 Use of Hawala system

Lecture 13 2.2 Use of Charities or Nonprofit Organizations (NPOs)

Lecture 14 Check your understanding

Section 4: IDENTIFICATION OF DIFFERENCE AND SIMILARITY BETWEEN ML AND TF

Lecture 15 DIFFERENCE AND SIMILARITY BETWEEN ML AND TF

Lecture 16 Check your understanding

Section 5: CONGRATULATION & THANK YOU

Lecture 17 Final message

People who have curiosity about the world of Money laundering and Terrorist financing.,People who want their career or are working in the financial institutions especially in Compliance field.