The Fundamental Principles to Anti Money Laundering

Duration: 1.5-3 Hours

Overview: Money laundering is an illegal and notorious practice that converts the proceeds of crime into clean currency so that criminals can easily evade authorities. This finance and criminology course examines the tactics used by these money launderers and provides ways to identify them. We also explain different Financial Action Task Force (FATF) recommendations designed to combat international money laundering within various financial institutions.

Description: Money laundering is an illicit financial practice that funds crime and terrorism across the world. This technique lets criminals ‘launder’ their ill-gotten gains into legitimate capital that they could have earned through legal means. For this purpose, they use a multitude of different activities such as buying and selling assets, cryptocurrencies, engaging in online gambling, trading and investing in offshore companies.