Written specifically for business, this learning pathway, consisting of three short activities explore the act of money laundering and its implications. It looks at ways in which proceeds of crime are hidden, the threat this poses to society and the type of businesses who are particularly vulnerable to becoming a victim of money laundering. We will look at the relevant laws and the penalties for those who are caught in the act!
This course is suitable for all audiences.
When you’ve completed all the activities in this pathway, you should be able to:
-identify what money laundering and terrorist financing are,
-understand the current legislation around money laundering and terrorist financing in the UK,
-recognise the process of money laundering,
-spot red flags and other signs of potential money laundering and terrorist financing activity,
-prevent money laundering and terrorist financing activities,
-report suspicious money laundering and terrorist financing activities,
-identify the consequences of failing to spot and/or report unusual activity.
