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After the successful completion of this lecture, you will be able to learn about the following;

01. Money Laundering Concepts, Methods and Impact;

• Understand the concept and evolution of money laundering.
• Identify the three stages of money laundering.
• Understand different methods used in money laundering.
• Measure the impact of money laundering on economic growth.

02. National and International Regulatory Landscape of AML;

• Understand the structure of the UK anti-money laundering system.
• Identify the main rules and regulations governing the UK anti-money laundering system.
• Understand the role of the financial conduct authority and other UK regulatory bodies.
• Understand the structure of the US anti-money laundering system.
• Identify the main rules and regulations governing the US anti-money laundering system.
• Understand the role of the FinCEN and other US regulatory bodies.
• Define the global framework of anti-money laundering.
• Reflect on the European Union and the United Nations anti-money laundering efforts.
• Understand the role of the Financial Action Task Force.

03. Anti-money Laundering Strategies And Tools;

• Understand the role of anti-money laundering strategies.
• Determine the most influential entities in shaping anti-money laundering strategies.
• Understand the principle of a risk-based approach.
• Identify common anti-money laundering program deficiencies.
• Identify the foundational elements of anti-money laundering programs.
• Determine various tools used to reduce money laundering risks.

04. Anti-money Laundering Cases;

• Understand landmark anti-money laundering cases.
• Reflect on the consequences of a failed anti-money laundering strategy.
• Reflect on the consequences of a successful anti-money laundering strategy.
• Identify major money laundering red flags.