Dublin-based Research and Markets has added an E-Learning Course on Anti-Money Laundering to their offering.
The offering consists of “a Library of 6 courses covering the aspects of money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions,” said the announcement.
The themes of this course are:
– Significance of the Anti-Money Laundering Measures, Regulations and the initiatives taken to combat terrorism
– Analysis of their impact on financial institutions and business
R&M described the “Course Overview” as follows: “The 9/11 terrorist attacks in the United States have led the international community to formulate new legislations and guidelines to counter the escalating risks of Money Laundering. Across nations, Anti-Money Laundering training and compliance requirements have therefore gained significance. It is in this light that the American Congress brought about new measures in the form of International Money Laundering Abatement and Anti-Terrorist Financing Act, 2001(Title III of USA Patriot Act, 2001) that amended the Bank Secrecy Act, 1970 and its implementing Regulation.
“For financial institutions today, failure to comply with these requirements entails severe penalties in addition to increased exposure to compliance, reputational, strategic and operational risks.”
The course offers in depth analysis on the following specific subjects:
— The process of Money Laundering, measures against money laundering and initiatives taken by various organizations to combat terrorism
— The implications of offshore financial centers and non-cooperative countries on Money Laundering
–The implications and penalties for non-compliance with Anti-Money Laundering legislations
— Due diligence measures undertaken by financial institutions to deter money laundering and terrorist financing
While the course is of particular interest to banks and related financial institutions, R&M notes: “Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from our innovative learning solutions,” insurance companies included.
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