Combat Money Laundering and Terrorist Financing

Who is it For?Tailored versions of Combat Money Laundering and Terrorist Financing are available for different financial sectors, including:

Combat Money Laundering and Terrorist Financing from CityLearning is a leading training solution for credit and financial institutions. This interactive eLearning course has been fully updated to cover the latest obligations on all institutions, including the principal Irish AML/CTF legislation.

Combat Money Laundering and Terrorist Financing offers a practical way of ensuring that your staff are trained and tested in money laundering prevention measures. All test results are recorded for easy verification of compliance training.

CityLearning is a leading provider of compliance eLearning solutions in the UK and Ireland.

n Retail BankingnWholesale Bankingn Life assurancen Leasing and financen Mortgage providersn Asset management

n Investment bankingn Treasuryn Stockbrokingn Credit unionsn Solicitorsn Accountants

What Does the Course Cover?

See for YourselfVisit our website at www.citylearning.com or email us directly at info@citylearning.com to learn more.

Combat Money Laundering and Terrorist Financing consists of four modules, each covering a key aspect of combating money laundering and terrorist financing and ending with a short module quiz comprising randomly generated questions. A course test, also randomised and based on specific objectives of all four modules, completes the course.

Why Combat Money Laundering?n outlines the characteristics and stages of money laundering.n describes the effects of money laundering.n lists the basic traits of terrorist financing.

Your Legal Obligationsn outlines the four legal obligations to stop money laundering.n discusses the provisions of the principal Irish AML/CTF legislation.n defines the purpose of Customer Due Diligence (CDD).n illustrates when and how to report suspicions.n describes how tipping off can occur.n describes the potential consequences of not fulfilling legal obligations.

Identifying the Customer n describes Standard, Simplified and Enhanced Customer Due Diligence.n outlines when CDD should be conducted and the considerations involved when

outsourcing CDD to a third party.n indicates how to verify customer details, including those for corporate customers.n explains the main CDD requirements for PEPs and beneficial owners.

Suspicious Transactionsn outlines the characteristics of money laundering transactions and describes the signs of

terrorist financing transactions.

Sample Case Studies – Case Studies Updated Annually

The Central Bank fined three Irish banks for not having proper systems in place to counteract money laundering.

The Central Bank fined an asset management company €443,000 for regulatory breaches that caused the loss of client funds.

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