Anti-Money Laundering Fundamentals

Anti-Money Laundering Fundamentals is a new training course suitable for lower-risk staff in an organisation as part of necessary procedures to prevent and detect money laundering. Regulated businesses are required to undertake training relevant for their staff’s role and responsibilities to ensure they have the necessary skills to protect the organisation against money laundering and terrorist financing.The course takes a fresh; new and bold approach to money laundering training; presenting real-life scenarios and practical examples designed to be relevant to each individual user.The course contains multiple versions dependent on a user’s geographic location; industry; practice area and role in the organisation. The industry versions include: International commercial lawLocal commercial lawPrivate client lawConveyancingAccountancyReal estateFinancial servicesBankingCryptocurrency companies There are international versions available for the UK; Crown Dependencies and international jurisdictionsThe course covers the basics of money laundering; how it affects your industry; the various laws and offences in your jurisdiction; how to spot suspicious transactions and what constitutes a suspicion; conducting client due diligence; preventing terrorist financing and understanding red flags.By completing this course; users will: Gain an understanding of how money laundering works in practiceUnderstand how money laundering can negatively impact their industry; their organisation and themselvesKnow the laws and offences related to money laundering and terrorist financing; including penalties for breaking the lawUnderstand the definition of suspicion and how to identify suspicious transactionsBe aware of red flags relevant to their industry and know how to spot them.

Please note that VinciWorks courses are sold on a corporate rather than individual basis