Beginner Guide For Anti-Money Laundering Concepts

Anti Money Laundering | AML Concepts

What you'll learn

The concept of Anti-Money Laundering

Types of Money Laundering

Risk indicators

Thorough detail about Money Laundering

How launderers perform money laundering in financial industry

Requirements

No Prior knowledge required

Mobile or computer with stable internet connection

Positive mindset

Description

In the past, the term "money laundering" was applied only to financial transactions related to organized crime.Today its definition is often expanded by government and international regulators such as the US Office of the Comptroller of the Currency to mean "any financial transaction which generates an asset or a value as the result of an illegal act," which may involve actions such as tax evasion or false accounting.As financial crime has become more complex and financial intelligence more important to combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate.This course will explain you about anti money laundering in various financial industriesSuch as banking, gambling, Trade sector, Insurance, Crypto and so on.This will provide you complete understanding about Money laundering conceptions, how launderers initiate money laundering activities in financial system.This course is included aboutHow the funds will place in financial systemHow the launderers use varies methods to launder the illicit funds in financial systemWhat are the indicators for potential money laundering activitiesThis course is designed to teach complete concept of anti-money laundering in financial industryThis course is useful for who want to learn how money laundering works in varies industries.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Chapter One

Lecture 2 What is Money Laundering?

Lecture 3 Three Stages of Money Laundering

Lecture 4 Consequences of Money Laundering

Section 3: Chapter Two

Lecture 5 Structuring and Smurfing

Lecture 6 Micro structuring

Lecture 7 Unusual Transaction Patterns

Lecture 8 High-risk Countries or Jurisdictions

Lecture 9 Source of Funds or Source of Wealth Discrepancies

Lecture 10 Lack of a clear business purpose

Lecture 11 Unexplained third-party transactions

Lecture 12 Round-Tripping also known as Round-Trip Transactions

Lecture 13 Unexplained Currency Exchanges

Lecture 14 Use of Cryptocurrencies or Virtual Currencies

Lecture 15 Customer Behaviour

Lecture 16 Customer Identification Circumstances

Lecture 17 Cash-Intensive Businesses or Cash Transactions

Lecture 18 Non-Cash Deposits

Lecture 19 Wire Transfer Transactions

Lecture 20 Safe Deposit Box or Safe Locker

Lecture 21 Credit Transactions

Lecture 22 Commercial Account

Lecture 23 Trade Financing Transactions

Lecture 24 Investments

Lecture 25 Beneficial Ownership

Section 4: Chapter Three

Lecture 26 Bearer Shares

Lecture 27 Black Market

Lecture 28 Securities Industry or Brokerage Firms

Lecture 29 Casinos

Lecture 30 Money Laundering in Casinos

Lecture 31 Possible ways of Money Laundering in Casinos

Lecture 32 Online Gaming

Lecture 33 How Casinos are Implementing KYC

Lecture 34 Charities or Non-Profit Organizations

Lecture 35 Concentration Accounts

Lecture 36 Credit Card or Debit Cards Industry

Lecture 37 Correspondent Banking

Lecture 38 Credit Unions

Lecture 39 Free Trade Zones (FTZs)

Lecture 40 Hawala

Lecture 41 Real Estate

Lecture 42 Shell and Front Companies

Lecture 43 Trade-Based Money Laundering (TBML)

Lecture 44 What Are the Financial Crime Risks in Trade Finance

Lecture 45 Travel Agencies

Lecture 46 Trust

Lecture 47 How trust is used for Money Laundering

Lecture 48 Luxury Vehicle Sellers

Lecture 49 Dealers in High Value Items

Anyone who wants understand anti money laundering concept,AML Analysts,Financial crime Analysts