East Africa: Anti-Money Laundering
Refreshed June 2024 | CPD time: 2 Hours
This module focuses on anti-money laundering in East Africa, with a specific spotlight on Burundi, Kenya, Rwanda, Tanzania and Uganda. It examines the fundamental meaning of money laundering and its stages, anti-money laundering (AML) laws and regulations, reporting of money laundering suspicions, terrorist financing, sanctions, types of money laundering offences and relevant penalties/sanctions. Specific contexts from the United Kingdom are included to broaden the learning scope and enrich the content with best practices from a country which has a strong legal and regulatory framework. The module uses several case studies to illustrate the practical dimensions of AML with a view to enhance the grasp of the fundamental concepts. Many ‘Did you know…’ facts have been incorporated to accord the learner to reflect on the key concepts pertinent to AML.
1. An Introduction to Money Laundering
2. East Africa Legislation and Regulations
3. Other Legislation and Regulations
4. The UK Money Laundering Regulations
5. The UK Proceeds of Crime Act
6. Terrorist Financing and Proliferation Financing
7. Suspicious Activity Reporting
8. Money Laundering Reporting Officer
9. Sanctions
Module Test