Certified

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Certified Anti-Money Laundering Specialist Version 7.0 Page 13 Understanding the Risks and Methods of Financial Crime After completing this learning experience, you will be able to: • Describe how money laundering works and the predicate crimes that can include money laundering charges. • Explain the money laundering risks for different banking segments. • Describe the characteristics of nonbank financial institutions' products and their associated money laundering risks. • Explain the money laundering risks associated with nonfinancial services. Certified Anti-Money Laundering Specialist Version 7.0 Page 14 Money Laundering and Financial Crime Introduction Introduction: Money laundering and financial crime This module serves as an introduction to money laundering and other types of financial crime, as well as their consequences and risks. You will learn how criminals exploit financial institutions and trade networks, use emerging technologies to launder illicit funds, and obscure ownership to evade detection. By understanding these types of financial crimes, you will be more prepared to strengthen your compliance programs, enhance transaction monitoring alert management system...