Money laundering detection and investigation
On a national and international level, commercial crime poses a significant threat to the stability of financial systems and democratic institutions.
Strategies have been developed globally to combat such crimes by targeting the illicit proceeds and removing the profit element.
In line with international efforts, South Africa has passed legislation making money laundering one of the most serious offences with sanctions of up to R1 billion and life imprisonment. As the offence can be committed negligently, organisations and their employees are well advised to implement risk mitigating procedures and ensure compliance with the requirements of South African anti-money laundering legislation.
Learning outcomes
After completion of this course, delegates will have a better understanding of:
- international and South African frameworks
- regulations and guidelines on client identification
- money laundering schemes
- the tracing of assets
- asset seizure and forfeiture
Outline of course content
The course covers the following topics:
- Anti-money laundering laws and regulations
- Money laundering schemes and case studies
- Responsibilities of financial institutions and others
- Responsibilities of the regulatory authorities
- Investigation methodology
- Independent audits and reviews
Time: 08:30 - 16:00
Venue: SRC Chamber, Pretoria
Cost: R9,500