# Anti-Money Laundering Act
#### Our courses: Expertise from industry leaders

## E-learning course: Money Laundering Act

### Your lecturer

#### Wolfgang Schönwaldt Consultant hsp

### Course overview
- Accessible via a web browser
- Available via the app
- 15 lessons
- 11 topics
- 1 test
- Course certificate

### Why this course?

Law firms, take note\! With this cost-effective training course, starting at €15, you can demonstrate to the Chamber of Tax Advisers at the next inspection that all requirements under the Money Laundering Act have been implemented.

And it’s really simple: book this course for your staff, monitor each participant’s progress and receive a certificate upon completion.

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### Money laundering has, of course, been an issue for a long time. What is new is that you are now a regulated entity within the meaning of the GwG, the Money Laundering Act.

Anyone can act with gross negligence and recklessly accept large sums of cash without enquiring about the source of the money, thereby making themselves liable under money laundering legislation. And this applies not only to money, but also to valuables. As an adviser, you therefore bear a great deal of responsibility and must identify and assess the risks – both for yourself and for your clients.

In this course, you will learn what money laundering is and how to identify it. What processes are involved in money laundering? Due diligence requirements call for both risk management and the precise documentation of all relevant incidents, right through to archiving. And in the event of a suspected case, you are the „whistleblower“ yet are bound by a duty of confidentiality. We have presented this complex topic in an engaging and informative course.

#### Course content(1c0e439e02637beff)

| ---------------------------------------------- |
| Welcome and introduction of the lecturer    |
| ### Fundamentals                |
| What do I need to know about money laundering? |
| Money Laundering Act – where can it be found? |
| What does the Money Laundering Act cover?   |
| How is money laundering identified?      |
| ### Forms of money laundering         |
| Documenting and Storing            |
| Risk analysis                 |
| ### Duties of tax advisers           |
| General duties of care             |
| Special duties of care             |
| The duty to provide information        |
| The obligation to retain records        |
| Breaches and Conclusion            |
| The report of a suspected case         |
| ### Practical implementation          |
| Who is affected? What needs to be done?    |
| A practice area for the law firm        |
| ### Money Laundering Quiz           |