About this course

Money launderers and those who finance future crime, including terrorism, cannot function, except on the most basic level, without using banks. More, in some financial crimes, the use of banks is integral to the commission of the offence.

In this senior course, you will learn how financial criminals use the retail, business and mortgage business sectors.

The course is designed for

- those working in that sector; and

- those dealing with that sector.

You will also read case studies and learn how criminals target people like you, find their way around the customer due diligence process and use companies like yours.

At the end of the course, you will take a test multiple choice questions and your results will be recorded.

Your progress, and your results, are available to your company and, through your company, your regulator as is required by the regulatory regime.

Course level: Senior

Language: English

Pass mark: 80%

Course award Certificate: Yes

Access to course: unlimited for 12 months; auto-termination at 12 months.

Return to previous pages: Yes

Retake test: Yes.

Course certificate validity: one year from the date of the last-taken test

Portable CPD (TM) hours (where recognised): 2 hours

Certification credits: 15

Price: GBP60 including UK VAT where applicable.

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Course curriculum

  • 1

    Caveat and legal

    • Caveat and Legal

    • Status of this Resource

    • Pre-requisite

  • 2

    Money laundering etc. risk for retail and business banking and lending.

    • 1. What is money laundering?

    • 2. What is money?

    • 3. How could I be a money launderer?

    • 4. What are the obligations placed on your company to detect and deter money laundering?

    • 5. What does a money launderer want from me?

    • 6. What is a money launderer aiming to achieve?

    • 7. What is terrorist financing?

    • 10. How do terrorists use retail and business banking and lending services? (1)

    • 11. How do terrorists use retail and business banking and lending services? (2)

    • 12. What is confiscation?

    • 13. The three types of money laundering transaction

    • 14. The money launderer doesn't care about you

    • 15. How money launderers use businesses like yours.

    • 16. Definitions

    • 17. Retail and business banking - the myth

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

    • 19. "No problem - the account has not been used for months."

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

    • 21. My counter-party is a bank. No problem, right?

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

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

    • 24. Everything that was old is new again.

    • 25. Old crime in new clothes.

    • 26. Deposit of cheques.

    • 25. Deposit of foreign cheques

    • 26. The Too Successful Business.

    • 27. The Pressing Customer.

    • 28. The super-successful branch manager

    • 29. Small business banking

    • 30. The dodgy bank

    • 31. The Power Cut

    • 32. Destruction assured.

    • 33. "We only know what we are told"

    • 34. Fake news

    • 35. The car in front.

    • 36. What you see is not what you get.

    • 37. Why misleading accounts matter to retail bankers.

    • 38. Consumer and business loans as vehicles for laundering

    • 39. Residential and Commercial Mortgages

    • 40. Corruption

    • 41. How bank staff are targeted by criminals

    • 42. The fishy food business.

    • 43. The money laundering business

    • 44. A house built on shifting money

    • 45. It's cold outside.

    • 46. FinTechs - friend or foe in financial crime risk terms?

    • 47. Virtual assets; real world risks

    • 48. Alternative investments and securities companies as customers

    • Conclusion

    • Test: How Money Launderers use Retail and Business Banking