The expression 'money laundering' was originally coined to describe the activities of criminals who attempted to conceal the proceeds of their crimes by assimilating it into apparently legitimate destinations, such as conventional bank accounts.

However, it now has a much broader definition, and refers to any attempt to deal with, possess or conceal the proceeds of any crime.

In many jurisdictions throughout the world, businesses are now required to take appropriate steps to ensure that relevant individual employees, including senior management themselves, are provided with training about the main money laundering offences (including the principles of placement, layering and integration), and how to recognise and deal with situations that may involve money laundering.

The appropriate training will enable businesses to establish a culture of compliance with anti-money laundering legislation.

Financial Market Strategies provide a comprehensive training and instruction programme designed to increase awareness of the crime itself, how to identify it, and what to do if suspicious activity is recognised.

For more details, contact us.