Understand Finance to Signal Money Laundering (KYC & CDD)

An introduction to FINANCIAL information to enable further ANTI MONEY LAUNDERING investigations

4.15 (66 reviews)
Udemy
platform
English
language
Compliance
category
5,387
students
1.5 hours
content
Jun 2022
last update
$54.99
regular price

What you will learn

Understand financial information in annual accounts enabling you to ask further questions or do additingal investigations to uncover money laundering

Grasp how the income statement and cash flows impact the balance sheet

Understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.

Recognize laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations

Understand illegal practices, sucha as the VAT carousel, property flipping and asset value manipulations

Learn to signal red flags that can indicate manipulation of financial information to launder criminal proceeds

Make a risk assessment to decide if further client investigation is necessary to expose money laundering

Recognize possible illegal transaction, such as trade based money laundering by over- and under invoicing

Analyze annual account finanical information

Description

This course helps you to expose criminals that use companies to manipulate financial information in annual accounts disguising the illegal source of the funds to whitewash the proceeds.

You don’t have to be an accountant or financial expert to understand information in annual accounts. Finance is not rocket science! This course is designed for participants that have no or limited financial knowledge.

If you work or plan a career in the anti money laundering field, for example as Know Your Customer or Customer Due Diligence professional, this course might be for YOU!

After completion of this course you:

  1. Understand financial information in annual accounts

  2. Can signal red flags that can indicate manipulation of financial information to launder criminal proceeds

  3. Are supported to make a risk assessment to decide if further client investigation is necessary to expose money laundering

This course contains almost 1,5 hour of video’s presentations and 39 multiple choice questions to test and enhance your knowledge. There are three sections with in total 16 lectures and 9 quizzes.

Section 1 is an introduction to the annual account.

  • You will learn about accounting categories and regulations.

  • Also, you get an overview financial information of a balance sheet, income statement and cash flow statement.

Section 2 offers you more in-depth knowledge to understand and analyse a balance sheet.

  • You will understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.

  • This part contains practical examples of money laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations.

  • Red flags examples help you to recognize potential criminal activities to support you to ask further questions for investigation.

Section 3 focuses on the income and cash flow statements.

  • You will learn the basic accounting principles to calculate earnings before interest and taxes (EBIT) and to understand the difference between revenue and cost with receipts and payments.

  • Practical examples illustrate how the income statement and cash flows impact the balance sheet.

  • Finally, this part enable you to spot red flags for possible illegal transaction, such as trade based money laundering by over- and under invoicing, phantom shipping, multiple invoicing and asset valuation manipulation.

You can preview the free accessible parts and the course program before you decide to enrol.

If you have further questions, please don’t hesitate to send me a message.

Content

Introduction

Introduction to financial information
Financial information types, use, documents and regulation: introduction

Ballance sheet introduction

Balance sheet information and structure
Balance sheet structure
Equity and AML
Shares and red flags to signal potential money laundering with equity
Annual account balance sheet credit side: funding by loans
Loans on the credit side of the balance sheet
Balance sheet liabilities: Loan structures and money laundering
Loan constructions for money laundering
Balance sheet liabilities red flag signals for potential money laundering

Annual account balance sheet assets (debet)

Further introduction to assets
Current assets: liquidity analysis (ratio’s) to signal money laundering
Assets, liquidity and VAT
VAT carrousel fraud
Valuation of long term assets on the debit balance sheet (depreciation)
Fixed asset valuation and depreciation
Long term assets money laundering: property flipping and red flags

Annual account profit and loss statement

P&L introduction
P&L difference with cash flow statement and accounting principles
Income and cash flow statement
Accounting principles application: an example
Signalling mixing criminal funds for integration
Trade-Based Money Laundering and other red flags
Trade-Based Money Laundering

Screenshots

Understand Finance to Signal Money Laundering (KYC & CDD) - Screenshot_01Understand Finance to Signal Money Laundering (KYC & CDD) - Screenshot_02Understand Finance to Signal Money Laundering (KYC & CDD) - Screenshot_03Understand Finance to Signal Money Laundering (KYC & CDD) - Screenshot_04

Reviews

Md.
September 17, 2023
This course is invaluable for anyone looking to deepen their knowledge of finance and its role in preventing money laundering. The instructor explains complex concepts in an easy-to-understand manner.
Md
September 17, 2023
The instructor is clearly an expert in the field. Their expertise shines through in the way they present the material and answer questions. It's evident that they have practical experience.
Gaill
September 9, 2023
I appreciate how this course focuses on real-world application. The examples and case studies make it easy to grasp the concepts and apply them in a professional setting.
Md
September 9, 2023
The course community is fantastic. I had the opportunity to connect with fellow professionals and exchange ideas and experiences. It's a supportive learning environment.
Md.
September 9, 2023
Given the quality of content and the expertise of the instructor, this course is an excellent value for money. I would recommend it to anyone looking to advance their career in finance and compliance.
SUMI
September 9, 2023
The course material is up-to-date with the latest regulations and trends in the industry. This is crucial for anyone working in compliance or risk management.
Martha
September 9, 2023
This was a great entry level course with some great tips and tricks, looking forward to trying some of these techniques. Thanks a lot.
Jeremiah
August 8, 2023
Very good course, he explains key concept without bounce around the topic. I'm study this in order to sustein an exam at university and this seems a good starting point
Henry
August 8, 2023
Thank you for a great amount of quality content. This has been my favorite course of all the classes I have taken in this area and I will continue to take classes you offer.
Riyan
August 7, 2023
This course is an invaluable resource. It empowers individuals to make a positive impact in safeguarding financial systems and upholding the integrity of the global economy.
Yusra
August 6, 2023
This course provides a comprehensive overview of the regulatory frameworks, industry best practices, and advanced techniques required to identify red flags and suspicious transactions. By mastering the principles of finance to detect money laundering signals, participants can actively contribute to maintaining the integrity of the financial system and protecting it from abuse.
Loui
August 6, 2023
Finance to Signal Money Laundering (KYC & CDD) is an essential course that equips professionals in the financial industry with the knowledge and skills to effectively detect and prevent money laundering activities. Understanding the intricacies of Know Your Customer (KYC) and Customer Due Diligence (CDD) processes is paramount in safeguarding financial institutions from potential risks associated with illicit financial activities.
Fanku
August 6, 2023
The course also covered the regulatory aspects of anti-money laundering, ensuring that I'm aware of the legal requirements and best practices for compliance.
Harivansh
July 28, 2023
The "Understand Finance to Signal Money Laundering (KYC & CDD)" course on Udemy was informative and valuable in increasing my awareness of money laundering and KYC/CDD practices. While the content was well-presented, I believe the instructor has the potential to further enhance the course's engagement by incorporating interactive elements or real-life examples. Overall, a positive learning experience that could become even more captivating with slight improvements.

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4673498
udemy ID
5/5/2022
course created date
7/15/2022
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