Anti Money Laundering | AML Concepts
What you'll learn
The concept of Anti-Money Laundering
Types of Money Laundering
Risk indicators
Thorough detail about Money Laundering
How launderers perform money laundering in financial industry
Requirements
No Prior knowledge required
Mobile or computer with stable internet connection
Positive mindset
Description
In the past, the term "money laundering" was applied only to financial transactions related to organized crime.Today its definition is often expanded by government and international regulators such as the US Office of the Comptroller of the Currency to mean "any financial transaction which generates an asset or a value as the result of an illegal act," which may involve actions such as tax evasion or false accounting.As financial crime has become more complex and financial intelligence more important to combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate.This course will explain you about anti money laundering in various financial industriesSuch as banking, gambling, Trade sector, Insurance, Crypto and so on.This will provide you complete understanding about Money laundering conceptions, how launderers initiate money laundering activities in financial system.This course is included aboutHow the funds will place in financial systemHow the launderers use varies methods to launder the illicit funds in financial systemWhat are the indicators for potential money laundering activitiesThis course is designed to teach complete concept of anti-money laundering in financial industryThis course is useful for who want to learn how money laundering works in varies industries.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Chapter One
Lecture 2 What is Money Laundering?
Lecture 3 Three Stages of Money Laundering
Lecture 4 Consequences of Money Laundering
Section 3: Chapter Two
Lecture 5 Structuring and Smurfing
Lecture 6 Micro structuring
Lecture 7 Unusual Transaction Patterns
Lecture 8 High-risk Countries or Jurisdictions
Lecture 9 Source of Funds or Source of Wealth Discrepancies
Lecture 10 Lack of a clear business purpose
Lecture 11 Unexplained third-party transactions
Lecture 12 Round-Tripping also known as Round-Trip Transactions
Lecture 13 Unexplained Currency Exchanges
Lecture 14 Use of Cryptocurrencies or Virtual Currencies
Lecture 15 Customer Behaviour
Lecture 16 Customer Identification Circumstances
Lecture 17 Cash-Intensive Businesses or Cash Transactions
Lecture 18 Non-Cash Deposits
Lecture 19 Wire Transfer Transactions
Lecture 20 Safe Deposit Box or Safe Locker
Lecture 21 Credit Transactions
Lecture 22 Commercial Account
Lecture 23 Trade Financing Transactions
Lecture 24 Investments
Lecture 25 Beneficial Ownership
Section 4: Chapter Three
Lecture 26 Bearer Shares
Lecture 27 Black Market
Lecture 28 Securities Industry or Brokerage Firms
Lecture 29 Casinos
Lecture 30 Money Laundering in Casinos
Lecture 31 Possible ways of Money Laundering in Casinos
Lecture 32 Online Gaming
Lecture 33 How Casinos are Implementing KYC
Lecture 34 Charities or Non-Profit Organizations
Lecture 35 Concentration Accounts
Lecture 36 Credit Card or Debit Cards Industry
Lecture 37 Correspondent Banking
Lecture 38 Credit Unions
Lecture 39 Free Trade Zones (FTZs)
Lecture 40 Hawala
Lecture 41 Real Estate
Lecture 42 Shell and Front Companies
Lecture 43 Trade-Based Money Laundering (TBML)
Lecture 44 What Are the Financial Crime Risks in Trade Finance
Lecture 45 Travel Agencies
Lecture 46 Trust
Lecture 47 How trust is used for Money Laundering
Lecture 48 Luxury Vehicle Sellers
Lecture 49 Dealers in High Value Items
Anyone who wants understand anti money laundering concept,AML Analysts,Financial crime Analysts
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