UK: 0844 854 9218 | International: +44 (0)1488 580017
Description
Financial crime remains a significant risk for organisations, individuals and society. Criminals may use legitimate businesses, financial systems, assets, transactions and structures to hide criminal property, fund terrorism or support proliferation activity.
The course will explain the difference between money laundering, terrorist financing and proliferation financing, the three stages of money laundering, the role of customer due diligence, the risks linked to tax evasion, and the importance of following internal reporting procedures.
It includes Jersey and Guernsey considerations, recognising that local requirements, regulators and reporting routes may differ between jurisdictions.
This course covers the following topics
- What are money laundering and AML?
- The three stages of money laundering
- Why money laundering matters
- What is Countering the Financing of Terrorism?
- What is Countering Proliferation Financing?
- The role your organisation plays in prevention
- Tax planning, tax avoidance and tax evasion
- Offences, consequences and reporting
- Jersey and Guernsey considerations
- Test your knowledge
- Final task
Who is this Financial Crime Awareness online course for?
This training is suitable for individuals and corporate teams who need an introduction or refresher on financial crime awareness.
It is particularly relevant for employees working in regulated businesses, financial services, professional services, compliance, operations, customer/client-facing roles, or any role where financial crime risks may arise.
Learning objectives
By the end of this course, learners will be able to:
- Define money laundering and explain the purpose of Anti-Money Laundering (AML).
- Describe the three stages of the money laundering process.
- Explain the impact of money laundering and why preventing it is important.
- Define Countering the Financing of Terrorism (CFT) and understand its objectives.
- Explain Countering Proliferation Financing (CPF) and its role in preventing financial crime.
- Describe the role individuals and organisations play in preventing money laundering, terrorist financing and proliferation financing.
- Distinguish between tax planning, tax avoidance and tax evasion.
- Recognise key offences, understand the potential consequences of non-compliance, and identify when and how to report concerns.
- Understand the key AML, CFT and CPF considerations relevant to Jersey and Guernsey.
- Apply their knowledge by completing knowledge checks and a final assessment.
Entry requirements
There are no entry requirements.
Course assessment and certification
On successful completion of the final assessment (80% pass mark required), a downloadable certificate is immediately available.
