Investigating Money Laundering
Money laundering is a global threat, and the development of cybercrime and virtual currencies has only increased the capabilities of the criminals who run these illegal operations. This course will provide you with background and insight into the world of money laundering that will give you the skills and knowledge you need to effectively manage investigations, from identification and assessment to prosecution and conviction.
Course Module Details
This course will help you develop an understanding of the criminal mindset and how it operates in Money Laundering organisations. You’ll learn to spot the warnings and ‘red flags’ to detect the threat, as well as the methodologies and typologies used to launder cash. You’ll explore the role of professional enablers and high value dealers as well as other key elements in money laundering, such as suspicious activity reports, asset management and realisation, and civil recovery and investigation
You will be able to:
- Understand money laundering and its key elements
- Identify the warnings and flags that help detect money laundering offences
- Explain the role of professional enablers in facilitating money laundering
- Describe high value dealers, and the risk factors around their involvement in money laundering
- Understand suspicious activity reports
- Understand civil recovery and investigation
- Understand asset management and realisation
- Explain criminal exploitation, and the methodologies and typologies used in the laundering of cash (including the use of foreign currency, Scottish and Irish bank notes, high denomination bills and cash smuggling)
- Understand how criminals exploit the financial system to move cash
- Explain how cryptocurrencies and cyber crime have progressed to a new generation of money laundering
This course is suitable for professionals who work in, or in areas with an interest in: fraud prevention, financial investigation, economic crime, suspicious activity reporting development, cyber-crime and money laundering reporting networks.
This course is also particularly suitable for appointed Money Laundering Reporting Officers (MLROs) in businesses within the regulated financial services sector, as required under the UK’s Money Laundering Regulations 2007.
No prior experience required.
Online via Zoom
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