Delivery Option: Online & In-Person
 

Around the world, financial transactions identified as money laundering carry stiff penalties.  Under US law, certain types of transactions are also barred by OFAC restrictions. Employees should learn to prevent, detect, and report illegal and suspicious transactions.

Why Train on Anti-Money Laundering/OFAC?
Money launderers continue to exploit gaps in security and maintenance of global financial systems.  Because of the prevalence of this illegal billion-dollar business, the United States and many other countries, including the European Union, have enacted tough laws to crack down on money launderers.  Employers should educate their employees on how to identify questionable transactions and what steps to take when they do.

What Does this Course Cover?
This course teaches employees to develop practical skills for safeguarding against unusual transactions and protecting against unauthorized use of organization property in order to reduce the risk of money laundering.  The course also emphasizes the importance of understanding and abiding by OFAC restrictions.  Specifically, employees learn: 

• What money laundering is and who is likely to attempt to launder money.
• Why global financing is important to the organization.
• How OFAC affects organization policy.
• Why an employee should identify, record, and report suspicious transactions.
• The importance of reporting to designated officials when there are questions regarding money laundering. 

How is the Course Information Delivered?
Through a series of scenarios and interactive exercises, employees learn how to identify and respond to potential money laundering and other violations.  Employees are asked to answer multiple choice questions where they consider the possible outcomes and implications of hypothetical situations. They are also required to correctly answer four questions in a ‘Quiz Show’ exercise in order to complete the course. The course concludes with customized information about how to get assistance and report concerns within your organization.