Anti-money Laundering Essentials

This e-learning course will explain what money laundering is, how to spot this financial crime and prevent 'dirty' money entering an organisation's system.

Money laundering is a tactic used by criminals to turn profits from illegal activity into seemingly ‘honest’ proceeds. Every year, billions of pounds are illegally laundered through the UK and many could be handling laundered money without even realising it! By legitimising these ill-gotten gains, criminality can continue to thrive, funding further corruption and terrorism and undermining financial sectors and negatively impacting the economy as a whole.

Topics explored in this course:

• Money laundering and terrorist financing
• Government anti money laundering legislation
• Preventing money laundering
• Consequences of non-compliance

After completing this course, you will be able to:

• Describe what money laundering is and how it is done
• Understand UK legislation and regulations regarding money laundering and what they cover
• Explain how to prevent money laundering
• Recognise the consequences of non-compliance with anti-money laundering legislation

Approximate time to complete: 50 minutes