As a financial professional, perhaps the most fundamental subject for one to understand is the compliance regime under which they work. According to the United Nations Office on Drugs and Crime (UNODC), an estimate of between 2 and 5% of global GDP is laundered each year. This video will give a brief introduction to the history of anti-money laundering across different jurisdictions.
Key learning objectives:
Understand what constitutes money laundering and the 3 steps in money laundering
Understand the history of money laundering regulations