By the end of the lesson, you will be able to:

 

• Define what is Money Laundering & Terrorist Financing

• State the 4 stages of the money laundering process and give at least 1 example of each stage

• Explain what are Customer Due Diligence measures and state the 3 situations these measures need to be applied

• Explain what are Enhanced Customer Due Diligence measures (for natural persons) and state the 4 possible scenarios these measures may be applied

• Identify suspicious transactions and characters to help prevent money laundering in your daily course of work, given a case scenariio

• List and take the right actions in reporting suspicious transactions to the correct authorities

• List 3 possible consequences to the organization and to oneself for money laundering offences