Course Description

Money laundering is a global issue that evolves as criminals find new ways to clean illicit funds. In high-risk sectors, these activities are particularly complex, involving three phases to conceal the source of the money. Illicit funds often stem from drug trafficking, theft, organized crime, embezzlement, bribery, and corruption.

Anti-money laundering (AML) laws target these crimes, including market manipulation, illegal trade, public fund corruption, and tax evasion. This training will focus on the unique risks high-risk areas face and the regulations aimed at combating money laundering in these areas.

Agenda:

• Understanding the three phases of money laundering

• Common sources of illicit funds in high-risk sectors

• Overview of key AML laws and enforcement priorities

• Unique AML risks faced by high-risk industries

• Regulatory expectations and strategies for effective compliance