Introduction to the Prevention of Money Laundering

It’s estimated that the scale of money laundering in the UK exceeds £90 billion per year. Criminal entities profiteer at the expense of their victims. The practice of money laundering attempts to make the proceeds from crime, sometimes exploitative and violent crime, including people trafficking and drug dealing, appear legitimate or ‘clean’.

This short course is designed to provide learners with the understanding of what money laundering is and understand the three stages of the money laundering process. It will provide the knowledge and skills required to prevent money laundering occurring in your organisation, and the indicators, or ‘red flags’, of suspicious activity and what to do if concerns are raised.

The course forms part of a suite of short courses that focus on different types of economic crime and is ideal for employees in busy workplaces who need to understand issues around money laundering.

This course covers the following areas:

• What money laundering is
• Legislative framework
• The anti-money laundering policy statement
• Controls and monitoring
• Due diligence
• Training
• Record-keeping

Any employee who may be in a position where money laundering is a potential risk, as well as managers. It can also be used as a stand-alone module by anyone interested in finding out more about economic crime and the legislative requirements placed on individuals and businesses to combat it.

No prior knowledge is needed.

20 – 40 minutes

After purchasing the course learners will be contacted by our Learner Management Team and provided with a username, password and hyperlink to the Awarding Organisation’s Learner Management System along with instructions on accessing the course. The learner account will already be set up and after logging-in, learners will be able access and work their way through the course, along with the scenarios that provide them with real-life context.

Learners are assessed at the end of the course by multiple-choice questions.

Learners will receive a Highfield e-learning completion certificate, which is downloadable upon successfully finishing the course.