• Money Laundering and its 3 stages
• Economic and Social Consequences of Money Laundering
• Quiz

This is the key step in understanding money laundering, in this module you will learn about the concept of money laundering and the stages of money laundering. 

You will be able to understand and differentiate clearly between the stages of money laundering. 

Additionally, you will learn the impacts of money laundering in our societies and what happens when money laundering impacts a society and institutions of a country.

Banks and Other Depository Institutions Risk & Red Flags
- Electronic Funds Transfers
- Remote Cheque Deposits
- Correspondent Banking
- Payable through accounts
- Concentration accounts

• Quiz
  

This module will explain how money launders use different techniques to launder their illicit cash through banks and depository institutions.
You will learn all such techniques and related red flags on how to catch such red flags.

• Banks and Other Depository Institutions Risk & Red Flags (Contd.)
  - Private Banking and Private Investment Companies
  - Politically Exposed Persons (PEP)
  - Structuring and Micro structuring
  - Cuckoo smurfing

• Quiz
  

This module will explain how money launders use different techniques to launder their illicit cash through banks and depository institutions.
You will learn all such techniques and related red flags on how to catch such red flags.

• Credit Unions and Building Societies
• Non-Bank Financial Institutions
  - Credit Cards
  - Third Party payment processors
  - Money Service Business
  - Insurance
  - Securities Broker Dealer
• Quiz
  

In this module, you will learn how credit unions are vulnerable to money laundering.
Additionally, organizations that are not banks but still receive and process payments such as Money Services Business are vulnerable to money laundering.
You will learn all the techniques of how launders use Non-Bank Financial Instructions for their gains and to stop such activities you will learn all the necessary red flags.

• Non-Financial Businesses and Professions
  - Casinos
  - Dealers in Precious metals / jewellery etc
  - Travel Agencies
  - Vehicle Sellers
  - Gatekeepers
  - Real estate
• Quiz

Designated Non-financial Businesses and Professions, these entities and channels are at a high risk of being abused by criminals and terrorists for the purposes of money laundering (ML) and terrorist financing (TF). They are likely to be the weakest link in the chain to crack when it comes to introducing cash proceeds from tainted and dubious sources into the financial system. You will learn all the necessary red flags for each of the entities.

• Trade Based Money Laundering techniques:

    -Over invoicing

   -Under Invoicing

   -U-Boating Shipment

   -Multiple Invoicing

   -Over or Under Shipment

   -Phantom or Ghost Shipping

   -Black Market Peso Exchange

   -Hawala or Underground Banking System

• Structures Designed to Hide Beneficial Ownership:

  -Shell, Shelf and Front Companies

  -Trusts

  -Terrorist Financing

  -Charities and Non-Profit rganisations (NPO)

  -Bearer Bonds or Shares

• Prepaid Cards
• Virtual Currencies
• Quiz
  

• FATF and 40 Recommendations
• EU Directives
• FSRBs
• Egmont Group of FIUs
• Quiz
  

• Basel Committee on Banking Supervision
• World Bank and International Monetary Fund (IMF)
• Wolfsberg Group
• USA PATRIOT Act
• OFAC
• Quiz
  

• Compliance Program
• Objectives of Compliance Program
• Assessing AML and CFT Risk and Developing a Risk Scoring Models:

-AML and CFT Risk Model

- Classifying Risk

-Risk Scoring

-Customer Risk Score Revision

• AML and CFT Risk identification

-Customer Type

-Country and Geographic Location

- Products and Services

• Pillars of AML and CFT Program

-Policies, Procedures, and Controls

-The Compliance Functions

-Employee Training

-Independent Compliance Audits

Quiz

• Compliance Officer Responsibilities
• AML / CFT Training
• Testing effectiveness of Compliance Program
• Culture of Compliance
  
• Elements of a KYC Program
• Economic Sanctions
• Know Your Employee (KYE)
• STR Monitoring and Reporting
• AML / CFT Monitoring Systems
• Quiz
  

• Investigations and its sources
• Subpoena and Search Warrant
• Conducting Investigations
  
• Filing a Suspicious Transaction Report (STR)
  
• Writing an Effective STR
• Quality Standards of STR
• Communicating STR Information to Law Enforcement agencies
• Law Enforcement Investigations
• International Cooperation
• Quiz
  

In this module, you will learn about different ways to investigate suspicious transactions and through which mediums you may receive a tip/information regarding suspicious transactions and any internal wrongdoings, etc.

You will also learn detailed insight on Suspicious Transaction Report (STR) such as decision process, related STR templates. 

Additionally, you will learn how to approach different types of predicate crime such as a subpoena, search warrants, and across-the-border investigations.