Introduction to Money Laundering and Terrorist Financing

This course provides a foundational overview of money laundering and terrorist financing (ML/TF), two illicit activities that pose significant threats to the global financial system, economic stability, and security. Participants will explore the definitions, stages, and methods of money laundering, as well as the sources, channels, and impact of terrorist financing. The course examines international frameworks such as the FATF Recommendations, UN resolutions, EU directives, and the role of financial intelligence units (FIUs) in combating these crimes. Learners will also gain insights into compliance expectations for financial institutions, including Know Your Customer (KYC), Customer Due Diligence (CDD), record-keeping, and suspicious activity reporting. Through case studies, emerging trends (such as cryptocurrencies, cybercrime, and trade-based laundering), and best practices, participants will develop a clear understanding of the risks, responsibilities, and global cooperation required to prevent and detect ML/TF effectively.