Anti Money Laundering Course (Global)

This Anti-Money Laundering course trains reporting entities and their representatives to understand their obligations and provides a general understanding of the risks related to money-laundering and terrorism financing.

Some sources estimate that over $1.5 trillion is laundered worldwide every year. Of that amount, it is estimated that $200 billion is laundered in the Asia-Pacific region alone.

We explain how to identify the stages of money laundering, adopt an AML program, conduct Know- Your-Customer procedures and fulfil your reporting obligations.

The intent of this course is to provide a general understanding of money laundering and terrorism-financing risks, and give specific understanding of how to prevent it from occurring.

Money laundering is a major industry. For example, a recent UN report notes, the acceleration of globalized crime networks centred in the Mekong aided by technology has dramatically expanded criminal revenue streams.

This has necessitated a revolution in the regional underground banking architecture, resulting in the development of systems and infrastructure capable of moving and laundering massive volumes of state-backed fiat and cryptocurrencies. United Nations Office on Drugs and Crime Jan 2024: Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden and Accelerating Threat.

Depending on the jurisdiction, different industries have obligations under AML laws. But even where an industry has no specific legal obligation, they still may need their staff to be aware of the risks – including reputational and governance risks and the risk of exposure to significant organised crime groups – posed by money laundering and terrorism financing.