AML Fundamentals: Financial Institution Vulnerabilities
Explore financial institution vulnerabilities to money laundering and terrorism financing in this expert course for AML professionals.
Explore financial institution vulnerabilities to money laundering and terrorism financing in this expert course for AML professionals.
This comprehensive course delves into the critical vulnerabilities that financial institutions face regarding money laundering and terrorist financing. Designed by industry experts, it equips professionals with essential knowledge to identify potential exploitation points within various financial products and services. Participants will learn why criminals establish their own banks and how money launderers utilize trusts, insurance, and investment services to conceal illicit proceeds. The course explores high-risk areas including private banking, corporate service providers, gambling, mobile financial services, the internet, prepaid cards, and virtual currencies. Through practical examples and expert insights, students will develop a keen understanding of emerging threats and techniques used by money launderers to circumvent AML efforts. Perfect for professionals with specific anti-money laundering responsibilities, operational staff, or individuals looking to build a career in compliance and financial crime prevention.
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What you'll learn
Know how to identify vulnerabilities in financial products that money launderers exploit
Understand why criminals establish their own banks to launder proceeds of crime
Learn how trusts, insurance, and investment services can be used for money laundering
Recognize how private banks and corporate service providers face exploitation risks
Identify emerging threats in gambling, mobile services, prepaid cards, and virtual currencies
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Desktop, Mobile, Tablet
Limited Access access
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Module Description
This course provides a comprehensive overview of the vulnerabilities that financial institutions face regarding money laundering and terrorist financing. It examines various financial products and services that could be exploited by criminals, including bank accounts, private banking, legal entities, trusts, insurance, and investment products. The course also explores emerging areas targeted by money launderers such as the betting and gaming sector, mobile financial services, prepaid cards, and virtual currencies. Students will learn to identify red flags and understand the methods criminals use to bypass anti-money laundering controls. The curriculum combines theoretical knowledge with practical examples to help professionals develop the skills needed to protect financial institutions from financial crime threats. Special attention is given to high-risk services like private banking and corporate service providers, as well as newer technologies that present unique challenges for compliance professionals.
Fee Structure
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