AML for Accountants and Professional Services Businesses

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    17-Mar-2016

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Anti-Money Laundering for Accountants and Professional Services Businesses

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  • Course overview The anti-money laundering for accounting professionals course, has been designed by subject matter experts to provide people working in the sector with an overview of money laundering and terrorism financing risks that these businesses might typically face.

    Our courses are developed using the latest e-learning authoring tools and are informative, interactive and engaging at the end of each module there is a quick test and at the end of the course there is a learning assessment to test what you have learned.

    Target audience This course is designed for anyone that works in the accounting and professional services sector who would like to develop an understanding of the basics of anti-money laundering and counter-terrorism financing.

    Course content Module 1 Introduction Module 2 Overview of money laundering and terrorism financing Module 3 Placement techniques Module 4 Layering techniques Module 5 Integration techniques Module 6 Money laundering through the accounting and professional services sector Module 7 Case studies highlighting money laundering in the accounting and professional services

    sector

    Module 8 Red flags Learning assessment

    Pricing Courses are available for $200 for members or $250 for non-members. Discounts are available for corporate licenses and courses can be customised to suit specific requirements. Access this and other courses on the following link - http://elearn.financialcrimesconsulting.com/

    Online Training Anti-Money Laundering for Accounting and Professional Services Businesses

  • Detailed Course Outline Module 1: Introduction Module 2: Overview of money laundering and terrorism financing What is money laundering and terrorism financing? What is the size of the money laundering and terrorism-financing problem? Chronology of major advances in AML/CTF legislation Global and local landscape of AML/CTF oversight Money laundering and terrorism financing in the media Why do criminals launder money? What are the consequences of money laundering? Introduction to money laundering techniques Module 3: Money Laundering Techniques - Placement Overview of the placement phase of the money laundering process Smurfing of cash deposits and structuring Wire transfers Alternative remittances Asset conversion Bulk movement Gambling Module 4: Money Laundering Techniques - Layering Overview of the layering phase of the money laundering process Electronic funds transfers Offshore banks Shell corporations Trusts Third party intermediaries Module 5: Money Laundering Techniques - Integration Overview of the integration phase of the money laundering process Credit, debit and pre-paid cards Buying and selling assets Transfer pricing Combining legal and illicit cash flows Import and export businesses Module 6: AML and Accounting businesses Money laundering through accounting and professional services businesses Why are accounting and professional services businesses attractive to money laundering? What types of corporate and trust structures are higher risk? Module 7: Case studies involving money laundering through accounting and professional services businesses Money laundering case studies involving accounting and professional services businesses Accountants assisting in disguising beneficial ownership Accountants setting up complex company and trust structures Accountants acting as a third party custodian for clients illicit funds Accountants failing to properly audit a company or failure to disclose relevant information to authorities Module 8: Red flags Red flags associated with money laundering accounting and professional services businesses Learning Assessment

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