Anti-Money Laundering for Europe Training

A level set on the importance of anti-money laundering (AML) training and awareness, including real-world examples of how money laundering affects everyday businesses.

Explains what money laundering is, walks through the placement, layering, and integration stages, and covers common red flags employees should watch for.

Outlines the framework of AML laws that apply across Europe, including the role of the EU’s Anti-Money Laundering Directives and how they shape national rules.

Describes trade-based money laundering, including techniques like over- and under-invoicing, and explains why trade transactions are a common vehicle for disguising illicit funds.

Connects anti-money laundering with countering the financing of terrorism (CFT), explaining how the two regimes overlap and what obligations they create.

Provides practical steps employees can take to identify, escalate, and respond to suspected money laundering in their day-to-day work.

Examines newer money laundering threats, including risks tied to virtual assets, cryptocurrencies, and evolving criminal methods.

Explains Austria’s Financial Market Anti-Money Laundering Act (Finanzmarkt-Geldwäschegesetz), which implements EU AML requirements for the financial sector and sets out due diligence and reporting duties for obliged entities.

Outlines the AML and CFT obligations set out in France’s Monetary and Financial Code (Code Monétaire et Financier), including customer due diligence and the duty to report suspicions to Tracfin, France’s financial intelligence unit.

Explains Germany’s Money Laundering Act (Geldwäschegesetz, or GwG), which requires obliged entities to perform customer due diligence, keep records, and report suspicious activity.

Describes Italy’s AML framework under Legislative Decree 231/2007, which transposes EU AML directives and imposes customer due diligence and suspicious transaction reporting obligations on obliged parties.

Outlines Luxembourg’s law on combating money laundering and terrorist financing, which sets professional obligations including due diligence, internal controls, and reporting to the financial intelligence unit.

Explains the Dutch Money Laundering and Terrorist Financing Prevention Act (Wet ter voorkoming van witwassen en financieren van terrorisme, or Wwft), which requires institutions to conduct customer due diligence and report unusual transactions.

Outlines Spain’s Law 10/2010 on the prevention of money laundering and terrorist financing, including obligations for due diligence, record keeping, and reporting suspicious activity to the financial intelligence authority (SEPBLAC).

Explains the UK’s core AML framework under the Proceeds of Crime Act 2002 (POCA) and the Money Laundering Regulations 2017, covering the principal money laundering offences and the duty to report suspicious activity.

Introduces the UK Corporate Criminal Offence under the Criminal Finances Act 2017, which can hold an organisation liable for failing to prevent the facilitation of tax evasion.

Covers the reasonable prevention procedures organisations can put in place to build a defence against UK Corporate Criminal Offence liability.

Breaks down what a healthy KYC program includes and why it matters, defining concepts like beneficial owner, customer identification, customer due diligence (CDD), and enhanced due diligence (EDD).

Covers how customer activity is monitored for red flags and explains when and how suspicious transactions are escalated and reported to the relevant authorities.

Highlights the consequences of money laundering failures, including fines, criminal penalties, and reputational harm for both individuals and organisations.