About this course.

ANNOUNCEMENT 24 March 2021.

THIS COURSE HAS NOW BEEN RETIRED. No new subscriptions are accepted.

This course has now been subsumed into Quick To Learn More. 

Please click QuickToLearnMore.com

Course language: English


1. Site registration

2. Quick To Learn More - About and Manual 

Pre-existing subject knowledge required: none

Portable CPD (TM) hours (where recognised): 4 hours

Certification credits: 15

Test: yes

Certificate: yes

Subscription expires: one year

Age limit: 16 plus

Price: includes UK VAT where applicable

Payment method: credit or debit card

Payment Gateway: Stripe

Level: FrontLiners

FrontLiners' courses are designed to meet the regulatory training requirement for financial crime risk and compliance  for

- front line staff;
- non-customer facing staff who may nevertheless come into possession of information

FrontLiners' Courses are suitable as a starting point for managers, directors, owners or compliance / risk / internal audit staff who should build on this to achieve greater knowledge.

Course curriculum

  • 1

    About the course

    • Caveat and Legal

    • Status of this course

    • Pre-requisite

  • 2

    How money launderers use Merchant and Investment Banks and Asset Managers

    • About this Module

    • Why merchant and investment banking and asset management have similar money laundering and terrorist financing issues

    • The Core Risk - Idenfication of Parties

    • KYC/CDD on corporate customers

    • Risks relating to Trusts.

    • Merchant banking, investment banking and asset managers - the myth

    • "All the money we get comes from another bank"

    • "Where did the money come from and where did it go?"

    • My counter-party is a bank or other registered/ regulated entity. No problem, right?

    • What if my counter-party bank says the money's OK?

    • Does this mean I have to know foreign law as well?

    • "I know that the deal price is x but think that there is some under-the-table money"

    • Multi-account sourcing

    • How you might be regarded under the law

    • More Side Letter Deals.

    • Misstating company assets.

    • Overstated assets as a basis of a financing fraud.

    • Misleading auditors

    • Payments being made by the seller to the purchaser or to his order.

    • Regarding side letters as suspicious

    • What are the primary risk areas?

    • Caution with regard to other regulatory systems

    • Dealing with governments

    • KYC and KYB when dealing with governments

    • Merchant, investment banks and asset managers have special problems in customer identification.

    • Risk Areas for Asset Management, Merchant and Investment Banking

    • Reasons to be fearful

    • Can I assess risk at the time of opening an account?

    • Risks in share offers.

    • Risks in Venture Capital

    • Risks for Registrar

    • Offers at maximum price

    • Risks relating to shares purchased on public offering.

    • Investment funds as customers

    • Risks in project financing

    • Letters of Credit - risk profile

    • A reason to read documents carefully

    • Sit back, and get ready for a cup of coffee.

    • Examination: Money Laundering and Terrorist Financing - Singapore - Merchant and Investment Banks and Asset Managers - Jnr.