Aml Fundamentals: Anti Money Laundering For Beginners

Master the Essentials of Detecting and Preventing Money Laundering

What you'll learn

Equip learners with the basic knowledge of Anti-Money Laundering

Enhance comprehension of the different phases involved in Anti-Money Laundering

Identify the various types of criminal activities that support money laundering

Understand the differences between Customer Due Diligence and Enhanced Due Diligence

Explain various strategies to prevent Money Laundering

Expand understanding of the concept and practice of transaction monitoring

Learn how to recognize the patterns and behaviors of money laundering

Requirements

No experience needed

Description

Welcome to the exciting world of anti-money laundering! I'm Dexter, and I'll be your guide on this insightful journey. In this course, we will delve into the intricacies of a critical topic that significantly impacts the stability of our global financial system.Whether you're a beginner exploring the world of AML for the first time or a seasoned professional seeking a refresher, this course is designed to provide you with valuable information and insights. We will cover the fundamentals of money laundering, equipping you with the knowledge and skills necessary to tackle this pervasive issue.Throughout the course, we will explore various aspects, starting with the cycle of money laundering. We will examine how illicit funds flow through different stages and explore the techniques used to obscure their origin. By understanding this process, you will gain a comprehensive perspective on the scope and complexity of money laundering activities.Additionally, we will discuss the different types of illicit activities that generate proceeds requiring laundering. This will enable you to recognize the signs and patterns associated with money laundering, empowering you to identify suspicious transactions in your professional endeavors.Finally, we will focus on prevention and detection techniques. You will learn about the legal frameworks and regulations in place to combat money laundering, as well as practical methods for implementing effective AML programs within organizations.Get ready to dive into this captivating subject as we unravel the mysteries of money laundering together. Join me in this course and equip yourself with the knowledge to safeguard the integrity of the financial system. Let's jump in and embark on this enlightening journey into the world of anti-money laundering!

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Money Laundering 101

Lecture 2 What is money laundering?

Lecture 3 Effects of money laundering

Lecture 4 Why would people resort to laundering money in the first place?

Section 3: The Cycle of Anti Money Laundering

Lecture 5 Stages of money laundering

Lecture 6 Placement

Lecture 7 Layering

Lecture 8 Integration

Lecture 9 Example Case

Section 4: Criminal Activities that Support Money Laundering

Lecture 10 Types of criminal activity that support money laundering

Lecture 11 What is terrorism financing?

Lecture 12 How terrorism is being financed in recent years

Lecture 13 Areas at risk of being exploited for terrorism financing

Lecture 14 What is proliferation financing?

Lecture 15 Indicators of potential proliferation financing

Lecture 16 Harms caused by proliferation financing

Section 5: Preventing Money Laundering and Countering Terrorism Financing

Lecture 17 What is anti-money laundering and its purpose?

Lecture 18 What is Countering the Financing of Terrorism (CFT)?

Lecture 19 How is CFT different from traditional AML?

Lecture 20 Regulatory Authorities, Lists, and Organizations

Lecture 21 Financial Action Task Force (FATF)

Lecture 22 Office of Foreign Assets Control (OFAC)

Lecture 23 Global Terrorism Database

Lecture 24 Common patterns and behaviors of money laundering

Lecture 25 Methods to detect money laundering in society

Section 6: Customer Due Diligence

Lecture 26 Definition of a Customer

Lecture 27 What is customer due diligence?

Lecture 28 Simple vs Enhanced CDD

Lecture 29 Customer Risk Profiling

Lecture 30 Basic Steps of Customer Due Diligence

Lecture 31 What can go wrong if you do not do proper customer due diligence?

Section 7: Transaction Monitoring

Lecture 32 What is transaction monitoring?

Lecture 33 How to recognize and detect suspicious transactions & accounts

Lecture 34 What is Account Review?

Lecture 35 Why is Transaction Monitoring Important?

Section 8: Outro

Lecture 36 Completion

Banking Professionals: This includes those in roles like bank managers, compliance officers, internal auditors, risk management professionals who need to understand money laundering to prevent it.,Financial Analysts: They might be interested in understanding the intricacies of money laundering to better analyze the financial operations of companies.,Accountants and Auditors: Professionals working in accounting and auditing fields can use the knowledge to detect and prevent financial fraud in their organizations.,Any individual interested in financial crime prevention: General awareness about money laundering can be beneficial to a wide range of individuals for personal knowledge and protection.