Anti-Money Laundering for Regulated Business

Overview

Written specifically for business, this learning pathway, consisting of three short activities explore the act of money laundering and its implications.  

It looks at ways in which proceeds of crime are hidden, the threat this poses to society and the type of businesses who are particularly vulnerable to becoming a victim of money laundering. We will look at the relevant laws and the penalties for those who are caught in the act!

Objectives

When you’ve completed all the activities in this pathway, you should be able to:

• Be on guard to prevent money laundering and watch out for key red flags of it
• Prevent money laundering by correctly apply customer due diligence
• Apply simplified or enhanced customer due diligence when appropriate
• Correctly report money laundering or suspicions of it.