This course discusses commonly used money laundering and terrorism funding practices, how to prevent such criminal activity and individual responsibility towards preventing these offenses. The following concepts are explored: the adherence of financial institutions and corporations to money laundering prevention processes; how these institutions should develop and implement internal control procedures involving the workforce and management; how to identify operations that may hint at criminal activity as provided for by the legislation in force; fundamental concepts of money laundering and terrorism funding. As a wrap-up, various experts provide guidance for compliance with the regulation and legislation in force about these criminal activities.
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