Anti-Money Laundering Principles

Anti-Money Laundering Principles is a free online course that provides an in-depth understanding of the basics of money laundering and how money laundering can be prevented with specific and practical techniques. The base knowledge that is important at the outset of this AML training is the definition of money laundering and how it is an offence - this includes practical examples. Before analyzing the causes of money laundering, you need to recognize the anti-money laundering approaches that can be used. This financial crime prevention course will take you through the nuts and bolts of money laundering along with the general money laundering methodology on an abstract level. The course then methodically guides you through the different stages of money laundering, term, sources, and processes of money laundering, how money laundering is viewed in different countries in terms of criminal law and  how some funds are classified into the money laundering category. 

The course content then goes further into the process and you will understand how cash is packaged to other countries by money launderers through layering, what a predicate crime is, and the codification of crime. Do you know that 2 - 5% of the global GDP are related to money laundering? The course also analyzes common types of money laundering procedures and how the money is moved to avoid detection. This course outlines how the laundered money behaves during the placement, layering and integration stages and will teach you how to describe the cash business scheme process in money laundering together with the importance of anti-money laundering schemes.

The last section of the course deals with the many AML laws and regulations and how they can be effectively implemented. These laws have been designed to track financial activities and mitigate the economic consequences of money laundering. Most organizations that are in business for commercial profit are subject to implementing these laws and there are strict implementation rules and dire consequences for non-compliance. Enrolling in this course would be of great benefit to professionals and students who work in finance and anyone who finds themselves in the financial services industry (insurance, investments etc.) because many investment instruments are often targeted for the purposes of money laundering activities.