Anti-Money Laundering and Counter Terrorist Financing

This course is suitable for you, employed by a company that is subject to the Anit-Money Laundering Act.

The training will go through the following:

1. Introduction anti-money laundering

• What money laundering is and where the money comes from
• What terrorist financing is and how it can be done
• The money laundering process
• International rules and cooperation
• Link to sustainability
• Current laws and regulations and the actors covered
• Sanctions

2. The company's responsibility

• General risk assessment
• Guidelines and procedures
• Training
• Customer awareness
• Risk classification
• Monitoring
• Reporting

3. Customer due dilligence and reporting

• Situations requiring customer awareness
• When it is prohibited to establish or maintain a business relationship or a single transaction
• The customer due diligence process
• Identification and verification
• Purpose and nature of the business relationship
• Measures
• Follow-up
• Reporting and non-disclosure
• Documentation

The training is an e-learning course consisting of three separate sections and a knowledge test;

1. Introduction anti-money laundering (Approximately 20 minutes)
2. The company's responsibility (Approximately 20 minutes)
3. Customer due dilligence and reporting (Approximately 25 minutes)
4. Knowledge test (Approximately 5 minutes)

All sections are compulsory and must be completed in order to pass.