Description

A comprehensive understanding of money laundering, from its inception through criminal activities to its detection and prevention.

Learning Objectives

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1. Identify the three stages of money laundering: placement, layering, and integration, and explain their significance in the process.
2. Recognize the warning signals or red flags that may indicate suspicious financial activities and describe how they can be categorized.
3. Apply the risk-based approach to managing financial crime risk by assessing and mitigating potential risks in financial institutions.
4. Evaluate the effectiveness of customer due diligence measures in preventing money laundering and ensuring compliance with regulatory requirements.
5. Analyze the impact of money laundering on the economy and financial institutions, and propose strategies to combat financial crime.