Course Format: This course, which consists of three learning units, is taken online and designed to be completed "at your own pace". Once you enroll, you can complete the course at your schedule, from any location, from any computer, day or night.
Learning Methodology: Course learning material consists of a blend of text, visuals, learning activities, hands-on scenarios, and assessments to ensure that learning is engaging and reinforced every step of the way.
Technical Requirements: High-speed Internet connection (DSL or cable modem); recent version of Flash; and a recent version of one of the following browsers: Internet Explorer (Version 7+); Firefox; Chrome; or Safari.
Course Completion: You have three months to complete the course. Within five business days of your successful completion of the course, you will receive a Certificate of Completion indicating that you have successfully completed two hours of AML training worth .2 Continuing Education Units (CEU).
Global criminal activity is estimated to generate over a trillion dollars annually.
Law enforcement officials, legislators, regulators and financial services professionals generally agree that the best way to mitigate the social harm caused by serious crime such as narcotics trafficking, human trafficking, corruption and fraud is to make it as difficult as possible for criminals to enjoy their profits. How is this done? If you have a criminal target, then the basic tenet ‘follow the money’ applies. Absent a known target, though, how do you identify potential money laundering activity?
This is where money laundering risk analysis and risk management techniques are invaluable. What to look for, how to look for it, and what to do about it: These three elements of money laundering risk analysis form the basic toolkit for financial services professionals to protect their institutions from harm, but are also essential for law enforcement officials and regulators in their interactions with financial institutions.
The 2-hour online AML Core Competence course provides an understanding of how to analyze and manage money laundering risks in a specific financial services business context. Suitable for front-facing business staff, business management, law enforcement agents, regulatory examiners and anyone else requiring an understanding of how the financial services industry analyzes and manages money laundering risks relating to specific customers and their transactions, this explores methods of identifying unusual and potentially suspicious financial activity in a business context.
Course Description: This 2-hour course explains how to analyze key elements of the financial services industry to identify areas of money laundering risk. The course offers a consistent methodology to guide the analysis and management of money laundering risks, offering financial institutions, industry trade associations, professional services firms, law enforcement agencies and regulatory agencies a practical and rigorous “common sense” approach to AML risk analysis and risk management.
Course Cost: $80.00