Anti Money Laundering Course

This is an introductory course for all levels of employees working in money laundering prevention position, specifically targeting those working in compliance in financial sector and the legal profession.The legal framework in the EU and local law has developed rapidly over the last decade. This development saw the inclusion of the fight against the funding of terrorism within the AML ambit following the September 11th, 2001 tragic events. No one is sure when the practice of laundering money first started, but according to the International Monetary Fund, "the aggregate size of money laundering in the world could be somewhere between 2 and 5 percent of the world's gross domestic product. AML is an international issue and taken very seriously by Regulators. Failure to ensure adequate controls, or to provide essential training to relevant staff, may be an offense - even when no Money Laundering is suspected.