Instructor for this course
more

Can you imagine a drug dealer using a credit-card terminal to accept payment? How about someone paying for a television they bought off the back of a truck with a personal check? Hard to imagine, right? Most criminals conduct their business in cash.

For years, criminals kept their ill-gotten gains in cash and used it to pay for everything from real estate to jewelry to things such as private school tuition. This prompted governments around the globe to pass laws prohibiting large cash payments or, at the least, requiring such payments to be reported.

These laws created the need for criminals to conceal the true source of the money or to "launder" it. To combat these threats, laws, and regulations have been enacted in countries around the globe that make financial services firms, and in some cases individuals, responsible for preventing or stopping money laundering.

This is one of several courses on the topic of AML. Other courses include:

  • Anti-Money Laundering – Understanding the Process
  • Anti-Money Laundering Establishing a Compliance Program
  • Anti-Money Laundering and the USA Patriot Act

Within this course, we explore AML warning signs and potential mitigation techniques companies and professionals can take to help eliminate money laundering.

Learning Objectives

  • Explore and examine the general warning signs of AML.
  • Explore and examine warning signs of AML related to the legal process.
  • Identify AML pro-active prevention techniques.
  • Identify AML mitigation processes.
  • Discover and examine features to look for in an AML automated monitoring system.
  • Recognize ten things to look for in an AML Watchlist Provider.
Last updated/reviewed: June 20, 2021

1 Review (9 ratings)Reviews

5
Anonymous Author
Knew nothing about this topic and the instructor made it interesting.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  6:22Introduction to Anti-Money Laundering Warning Signs and Mitigation Techniques
  6:22Warning Signs of Money Laundering
  11:37Warning Signs of Money Laundering Cont'd
  5:00Legal Services
  8:57Prevention
  14:32Prevention Cont'd
  13:49AML Mitigation Methods
  9:39Features to Look for in AML Solutions
  4:56Ten Things in AML Watchlist Provider
  1:32Summary
CONTINUOUS PLAY
  1:22:46Anti-Money Laundering Warning Signs and Mitigation Techniques
SUPPORTING MATERIAL
  PDFSlides: Anti-Money Laundering Warning Signs and Mitigation Techniques
  PDFAnti-Money Laundering Warning Signs and Mitigation Techniques Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM