Course description
Detecting and Preventing Money Laundering - Face-to-Face Delivery
Our portfolio of open programmes at Bristol Business School offers you and your business a flexible learning solution. We offer a variety of programmes covering a wide range of subjects on Finance, Strategy, Marketing, Coaching and Mentoring, Events Management and Project Management, among many others. Our programmes are delivered by experienced practitioners, who combine cutting-edge thinking with a practical, real-world focus, ensuring our programmes meet professional and industry needs.
Programme Introduction
This programme is the result of a collaborative partnership between the University of West of England, the University of Leicester and Global Financial and Business Integrity Limited. It has been developed in response to the requirement across many industries to provide employees with training on anti-money laundering (AML) against a backdrop of rising public and corporate risk, and regulatory scrutiny. The topic of anti-money laundering will be explored through a domestic and international lens.
According to the Law Commission, money laundering (i.e. the attempt to hide the origins of proceeds generated from criminal or illegal sources), is estimated to cost every household in the UK approximately £255 a year, while in the EU, between 0.7 and 1.28% of annual GDP has been detected as being involved in suspect financial activity. In the absence of effective AML regulations, policies and controls, the potential for unrestrained money laundering poses a substantial threat to the development of economies and their stability, leading to serious financial losses for businesses globally. This programme brings together the latest thought leadership, research and practice in the field and focuses specifically on the detection and prevention of money laundering.
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Upcoming start dates
Suitability - Who should attend?
There are no formal entry requirements for this open programme.
Who is it for?
This programme is essential for anyone who works within, advises and/or investigates the sectors that are targeted by money launderers including:
- Financial Institutions
- Accounting Firms
- Real Estate Companies
- Law Firms
- Gambling Industry
- Precious metals mining and trading companies
- Law Enforcement including Police and Intelligence
- Telecoms providers
- NGOs
- The regulated sector
- Journalists and Private Investigators
The programme is also essential for anyone, including students, who may aspire to a career in anti-money laundering, counter-terrorist financing or fraud prevention.
Outcome / Qualification etc.
- What Money Laundering and Terrorist Financing are
- The regulatory requirements concerning Money Laundering
- The architecture of national and international financial and payment systems and how illicit flows of funds can move across them
- The vulnerabilities in your sector and how money launderers exploit the targeted sectors
- The tools and best practices for effective AML risk identification and management
The programme will further benefit your organisation by enabling your business to:
- Assess, develop and implement the necessary controls to manage and mitigate the AML regulatory and reputational risks.
- Make a tangible and effective contribution to local and global society to combat financial crime.
Training Course Content
- Money Laundering
- The Financing of Terrorism
- Hubs and centres for money laundering
- National and international payment systems
- Digital currencies
- Regulatory requirements
- Due diligence and Risk management systems
- Money laundering in products and services
- Methods of money laundering through international trade
- Dealing with high profile and influential individuals and organisations
Course delivery details
This stimulating programme will be delivered via mini interactive lectures, group discussions, sample financial crime/AML related problem questions and cases studies. The programme is designed to enable the participant to fully engage with an innovative research led programme. Participants will be encouraged to undertake preparatory reading and study for the two day programme.