It is estimated that more than USD1.5 trillion from crime is laundered worldwide each year, while terrorism is not only financed from illegal but legitimate sources. Learn more about the two vices and the preventive steps in this twin course.
What to expect
- A thorough explanation of Money Laundering (ML) and Terrorism Financing (TF) which will cover
- The art of disguise and Money Laundering, brief history of Money Laundering
- How they are committed; learn about predicate crimes, why they are committed, what the motive is behind predicate crimes, where and when they are carried out; a detailed but simple illustrative approach is also used to explain the money launderers' operations.
- Learn the economic and political consequences of Money Laundering on the society;
- and what must be done to counter-check the consequences
- What is the Financial Intelligence Unit (FIU) all about: its functions and obligations
- Role of the FIU in fighting Money Laundering and Terrorism Financing
- The purpose of Egmont Group of FIUs
- Our responsibilities as private individuals in fighting crime
- The need to file Suspicious Transaction Reports
- The student will also be expected to answer some multiple choice quizzes and other forms of tests to establish their understanding of the subject matter.
- Bonus Materials
- Money Laundering: Al Capone Case Study
- Foreign Terror Fighters: What we need to know about them
Other features included?
About the instructor
A Certified Anti-Money Laundering Specialist (CAMS) with a Postgraduate degree in Strategic Intelligence & Criminal Justice. He has a broad knowledge of the private and public sectors in evaluation, project financing, and development.
Mr. Samuel has been a driver in the AML/CFT regime in Nigeria and West Africa and has trained and mentored over 500 students and staff of several Financial and Designated Non-Financial Institutions in Nigeria and West Africa. He has also participated in regional and international Fora on Anti- Money Laundering / Combating the Financing of Terrorism. He contributed to developing effective AML/CFT risk methodologies and controls for monitoring money laundering/terrorist financing threats within the financial sector. He is also a certified examiner, World Bank Institute trained facilitator, Member, International Association of Law Enforcement Intelligence Analysts (IALEIA), and an Associate, Certified Fraud Examiner (ACFE).