Overview

All companies today are required to give training to relevant employees in how to recognise and deal with transactions which may be related to money laundering. This course has been designed in conjunction with a leading city financial institution to comply with this government requirement.

The course covers:

• The legal obligations of companies and their staff
• Principles of best practice
• Customisable case studies to help reinforce your company's policies and procedures

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Course outline

PART 1: LEGAL OBLIGATIONS

• Dangers inherent in money laundering activities
• Penalties for money laundering-related crimes
• Legislation
• Stages of the money laundering process
• Levels of responsibility within an organisation

PART 2: PRINCIPLES OF BEST PRACTICE

• Accurate identification and knowledge of your customer
• Information and understanding of their business activities
• Recording all relevant information
• Reporting any suspicious circumstances
• Grounds for suspicion: how to detect money laundering
• Establish identity and references
• Investigate business status
• Monitoring

• Account Management: When to take action (a series of interactive scenarios that encourage trainee participation)

PART 3: CASE STUDIES

• Five case studies outlining the details of successful prosecutions for Money Laundering

The course concludes with a short assessment to confirm understanding, the results of which are automatically saved to a database when used with the Audit+ Management System for further analysis.

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Key benefits

• Roll-out money laundering prevention training to branch locations, divisions and departments with a single installation
• Reduce training costs by removing the need for expensive centralised instructor-led money laundering prevention training
• Allow employees to set their own money laundering prevention training rosters thereby reducing the impact training may have on their day-to-day work schedules
• Effectively train employees how to properly detect and deal with transactions that may involve money laundering without them ever leaving their workstation
• Provide essential money laundering prevention training in digestible modules that are proven to help improve understanding and retention levels
• Employees may complete the training over a period of time using automated browser-independent bookmarking
• Set global passmark specific to your organisation
• Customise aspects of the program to reflect your organisation's brand and policies on money laundering issues
• Provide one-click access to useful organisation-specific contact information and references from within the training
• Automatically save test results to a database for analysis and to establish an audit trail of your organisation's compliance with the law (when used with the Audit+ Management System)
• Print-out training certificates that are automatically generated at the end of each training session

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Screenshots

Click a number to view screenshot: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10

Training program start screen.

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Server and browser requirements

This training program runs over a typical company Intranet or hosted website with minimum specification and do not require plug-ins such as Macromedia Flash, Shockwave or Java.

Server:

• Microsoft IIS 5 or later
• Active Server Pages 3.0
• Microsoft® SQL Server 7/2000/2003 or Microsoft® Access (if training records will be saved to a database)

Browser:

• Microsoft® Windows - Internet Explorer 5+, Firefox 1.5+, Netscape 7+
• Mac OSX - Safari 2+, Firefox 1.5+, Netscape 7+

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