Foundations of Anti-Money Laundering

Catalog description

Money laundering involves masking the source of criminally derived financial proceeds so funds appear legitimate. Money laundering permeates almost every regulated market. In the global economy, contracting companies, casinos, banks and other financial institutions are required to implement specific structural arrangements to spot red flags and other concerning indicators to reduce money laundering. Students learn about anti-money laundering and counter-terrorism financing (AML/CTF), applied skills about risk assessment, illicit cash flows, and Report and Country AML/CTF Evaluation Report. Students also gain an opportunity to learn about legislative and regulatory initiatives, laws, and organizations at the micro and macro levels (regional, national and international) as they pertain to AML/CTF. Overall, students gain introductory skills on detection, preventative measures and investigating AML/CTF activities. As part of the course evaluation and to afford students practical opportunities, student will work alongside real-world clients.