/ PFT Online Course on 'FUNDAMENTALS OF ANTI-MONEY
LAUNDERING: INTERNATIONAL STANDARDS AND COMPLIANCE ISSUES'
Introduction and Background
course is designed for public and private sector officials who need
to be aware of the latest money laundering regulations and require
an effective training to better understand, identify and report
suspicious money laundering transactions to appropriate authorities.
Nowadays, money laundering is gaining both national and international
attention; therefore, the pressure is increasing on institutions
to comply with the money laundering regulations and take effective
steps to combat money laundering. This course aims to provide basic
money laundering training to both public and private sector officials
in a better, quicker and efficient way by making them familiar with
many of the laws and regulations now enhanced to deter money laundering.
This UNITAR e-learning course will give a holistic overview of the
money laundering, including definitions, various processes of money
laundering and impact of money laundering on international development.
It will also focus on national and international efforts to combat
money laundering; identification of suspicious transactions; and
reporting and setting up practical and effective money laundering
policies and procedures in the institution. The course is also open
to the general public who is interested and wants to be aware of
the Money laundering Regulations. Some previous knowledge of money
laundering and familiarity with financial concepts will be helpful
in this course.
||when slots are full
||November 8 to December 17,
||Minimum of 35 hours
||US $ 400/-
||UNITAR Geneva (Course Administration
and Technical Questions)
The overall objective of course is to provide a broad overview of
the subject of money laundering and allow public and private sector
officials to develop a thorough competence in identifying and reporting
suspicious transaction to appropriate authorities. The specific aims
of the course are the following:
a) To give a basic overview of the
concept of money laundering to the delegates with little knowledge
of Money Laundering;
b) To make delegates aware of the international standards to combat
money laundering and terrorist financing;
c) To give an overview of legal requirements and preventive measures
to be adopted by developing countries to combat money laundering;
d) To discuss anti-money laundering regulatory regime of UK (Proceeds
of Crimes Act (POCA) 2007 and Money Laundering Regulations 2007)
as a case study to understand how International standards should
be compiled into national legislations; and
e) To look into the measures to combat terrorist financing.
This course is designed to give practitioners theoretical understanding
and practical tools which are necessary to carry out Customer Due
Diligence (CDD) measures, identify suspicious transactions, and
to avoid breach of money laundering regulations applicable to them.
This Course is an intermediate level course which is targeted to
ministries of finance, government officials working in financial
sector, financial institutions and law firms and other staff from
both the private and in-house practice. It includes, for example,
the staff of central banks, commercial banks, investment banks,
insurance companies, multinational corporations, accountancy firms,
consultancy firms, law firms, and others who require a thorough
understanding of the subject and wants to create awareness about
money laundering amongst its employees at various levels in the
Structure / Outline
This online course will involve a mix
of self-study and online interaction culminating in a practical
understanding of cross-cultural negotiations through online group
work. Throughout the duration of the course, participants will go
through theoretical and conceptual material prepared by UNITAR and
will have an opportunity to relate it to real-life situations through
online discussions and peer-to-peer interaction. There will be a
quiz/assignment at the end of the course which is a requirement
for obtaining a course certificate.
This course will comprise of the following
An Introduction to Money Laundering
This module will introduce
the concept of money laundering; it will discuss what is money
laundering and what are the various processes of money laundering.
The module will give participants an overview of economic impacts
of money laundering and terrorist financing on international development.
Module 2: Role
of International Organisations and Regional Bodies in Combating
This module will discuss the development of international standards
and the role of various international organisations in combating
money laundering and terrorist financing, which includes, for
example, the role of the United Nations, Financial Action Task
Force (FATF), International Organisations of Securities Commissions,
the World Bank, Basle Committee on Banking Supervision and the
International Monetary Fund (IMF) to combat money laundering.
The module will also briefly discuss the role of regional bodies
in combating money laundering.
Module 3: Legal
System Requirements and Preventive Measures to Combat Money Laundering
This module will focus on international
conventions and treaties that deal with money laundering and consider
certain preventive measures and steps that should be taken by
developing countries to comply with international standards. The
module will discuss the importance of ratification and implementation
of international conventions by various countries, criminalization
of money laundering, the significance of having clear guidelines
on sectors that are subject to anti- money laundering requirements,
legal requirements for supervision and regulation, and the development
of laws for seizure, confiscation and forfeiture of illegal proceeds.
Module 4: Anti-Money
Laundering and UK Regulatory Regime A Case Study
This module will discuss UKs
regulatory regime to combat money laundering as a case study.
It will discuss various rules and regulations developed in UK
to comply with and implement 40 recommendations of the Financial
Action Task Force (FATF). It will primarily discuss the following:
the Proceeds of Crime Act 2002, with the new amendments w.e.f
2007; Money Laundering Regulations 2007, as implemented on 15
December 2007; how to identify and deal with suspicious transactions;
and the exemption of reporting in privileged circumstances.
Module 5: International
Measures to Combat Terrorist Financing
This module will discuss various
international measures to combat terrorist financing, focusing
primarily on the recommendations of the Financial Action Task
Force (FATF) to combat terrorist financing. It will discuss how
countries should comply with and implement these FATF recommendations
on terrorist financing by incorporating them in their laws.
This course will be conducted over the internet using UNITAR's e-Learning
infrastructure for a four-week period. Participants will require a
minimum of 90 minutes of study each day. The course pedagogy will
allow for three levels of interaction. At the first level, the participants
will interact with the training content. At the second level, the
participants will interact with other participants to share experiences
and learn in a contextual manner (using an online discussion board
facility). At the third level, the participants will interact with
a seasoned international negotiator (course mentor) who will moderate
the course for its entire duration. At the core of this course is
a set of online interactions and discussions, each of which will be
coached by an expert.
UNITAR online courses attempt to create
a networked learning environment, in which participants have the
flexibility to learn at their own convenience and pace but also
are able to interact with peers and experts through the discussion
This online course will be conducted
in the English language.
This course is designed as an online course in which participants
will be primarily responsible for their own learning. Each lesson
will consist of the following components:
Reading Materials (Compulsory Reading Materials):
these materials are intended to educate the participants
about the basic concepts and principles applicable to the subject-matter
of the lesson. It will include, where appropriate, sample materials.
These materials will constitute the required reading materials
for the lesson
Reading Materials (Optional Reading Materials): this
will consist of optional reading materials for participants who
wish to learn more about the topic than what is covered in the
Links: This will refer the interested participants
to additional books, articles, documents, and websites that deal
with the issues raised in the lesson.
At the end of each lesson there will be a set of quizzes
for participants to answer. These quizzes are designed to test
the participant's understanding of the lesson. Participants are
required to pass each quiz and obtain at least 80% or more passing
grade in order to be eligible for a certificate. All quizzes will
need to be taken online.
Discussion Board: There will be a community discussion
board available on which participants can post questions or comments
that can be seen by the instructor and the other participants.
This discussion board will be moderated by the course director
and UNITAR. Structured discussion strings will be posted on a
All successful participants will be
eligible to a certificate after completion of this online course.