Course overview The anti-money laundering for precious metal dealers and jewellers course, has been designed by subject matter experts to provide people working in the sector with an overview of money laundering and terrorism financing risks that these businesses might typically face.

All courses have been designed using the latest e-learning authoring tools and are informative, interactive and engaging – at the end of each module there is a ‘quick test’ and at the end of the course there is a learning assessment to test what you have learned.

Target audience

This course is designed for anyone that works in the precious metal dealers and jewellrey sector who would like to develop an understanding of the basics of anti-money laundering and counter-terrorism financing.

Course content

Module 1 – Introduction

Module 2 – Overview of money laundering and terrorism financing

Module 3 – Placement techniques

Module 4 – Layering techniques

Module 5 – Integration techniques

Module 6 – Money laundering through the precious metals sector

Module 7 – Case studies highlighting money laundering in the precious metals sector

Module 8 – Red flags

Learning assessment

Pricing

Courses are available for $200 for members or $250 for non-members. Discounts are available for corporate licenses and courses can be customised to suit specific requirements. Access this and other courses on the following link - http://elearn.financialcrimesconsulting.com/

Online Training – Anti-Money Laundering for Precious Metal Dealers and Jewellers  

 

 Detailed Course Outline

Module 1: Introduction Module 2: Overview of money laundering and terrorism financing What is money laundering and terrorism financing? What is the size of the money laundering and terrorism-financing problem? Chronology of major advances in AML/CTF legislation Global and local landscape of AML/CTF oversight Money laundering and terrorism financing in the media Why do criminals launder money? What are the consequences of money laundering? Introduction to money laundering techniques Module 3: Money Laundering Techniques - Placement Overview of the placement phase of the money laundering process Smurfing of cash deposits and structuring Wire transfers Alternative remittances Asset conversion Bulk movement Gambling Module 4: Money Laundering Techniques - Layering Overview of the layering phase of the money laundering process Electronic funds transfers Offshore banks Shell corporations Trusts Third party intermediaries Module 5: Money Laundering Techniques - Integration Overview of the integration phase of the money laundering process Credit, debit and pre-paid cards Buying and selling assets Transfer pricing Combining legal and illicit cash flows Import and export businesses Module 6: AML and Precious Metal Dealers Money laundering through precious metal dealers and jewellrey businesses Product, channel and customer risk factors for money laundering through precious metal dealers What is the “Kimberley process” and which countries have signed up to this Module 7: Case studies involving money laundering through precious metal and jewellrey businesses Money laundering case studies involving precious metal dealers and jewellrey businesses Retail gold and platinum purchases as a direct method of money laundering Silver processing company used as a cover for money laundering Terrorist groups using gold to move value La Mina – the biggest money laundering incident involving the precious metals sector Module 8: Red flags Red flags associated with money laundering and the precious metals sector Learning Assessment