An introduction to FINANCIAL STATEMENT information to enable further ANTI MONEY LAUNDERING investigations

What you will learn

Understand financial information in annual accounts enabling you to ask further questions or do additingal investigations to uncover money laundering

Grasp how the income statement and cash flows impact the balance sheet

Understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.

Recognize laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations

Understand illegal practices, sucha as the VAT carousel, property flipping and asset value manipulations

Learn to signal red flags that can indicate manipulation of financial information to launder criminal proceeds

Make a risk assessment to decide if further client investigation is necessary to expose money laundering

Recognize possible illegal transaction, such as trade based money laundering by over- and under invoicing

Description

This course helps you to expose criminals that use companies to manipulate financial information in annual accounts disguising the illegal source of the funds to whitewash the proceeds.

You don’t have to be an accountant or financial expert to understand information in annual accounts. Finance is not rocket science! This course is designed for participants that have no or limited financial knowledge.

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If you work or plan a career in the anti money laundering field, for example as Know Your Customer or Customer Due Diligence professional, this course might be for YOU!

After completion of this course you:

  1. Understand financial information
  2. Can signal red flags that can indicate manipulation of financial information to launder criminal proceeds
  3. Are supported to make a risk assessment to decide if further client investigation is necessary to expose money laundering

This course contains almost 1,5 hour of video’s presentations and 39 multiple choice questions to test and enhance your knowledge. There are three sections with in total 16 lectures and 9 quizzes.


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Section 1 is an introduction to the annual account.

  • You will learn about accounting categories and regulations.
  • Also, you get an overview financial information of a balance sheet, income statement and cash flow statement.

Section 2 offers you more in-depth knowledge to understand and analyse a balance sheet.

  • You will understand the difference between equity and liabilities, depreciation and valuation of long term assets, liquidity and solvency.
  • This part contains practical examples of money laundering constructions using equity and loans, off shore structures, the VAT carousel, property flipping and asset value manipulations.
  • Red flags examples help you to recognize potential criminal activities to support you to ask further questions for investigation.

Section 3 focuses on the income and cash flow statements.

  • You will learn the basic accounting principles to calculate earnings before interest and taxes (EBIT) and to understand the difference between revenue and cost with receipts and payments.
  • Practical examples illustrate how the income statement and cash flows impact the balance sheet.
  • Finally, this part enable you to spot red flags for possible illegal transaction, such as trade based money laundering by over- and under invoicing, phantom shipping, multiple invoicing and asset valuation manipulation.

You can preview the free accessible parts and the course program before you decide to enrol.

If you have further questions, please don’t hesitate to send me a message.

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Content

Introduction

Introduction to financial information
Financial information types, use, documents and regulation: introduction

Ballance sheet introduction

Balance sheet information and structure
Balance sheet structure
Equity and AML
Shares and red flags to signal potential money laundering with equity
Annual account balance sheet credit side: funding by loans
Loans on the credit side of the balance sheet
Balance sheet liabilities: Loan structures and money laundering
Loan constructions for money laundering
Balance sheet liabilities red flag signals for potential money laundering

Annual account balance sheet assets (debet)

Further introduction to assets
Current assets: liquidity analysis (ratio’s) to signal money laundering
Assets, liquidity and VAT
VAT carrousel fraud
Valuation of long term assets on the debit balance sheet (depreciation)
Fixed asset valuation and depreciation
Long term assets money laundering: property flipping and red flags

Annual account profit and loss statement

P&L introduction
P&L difference with cash flow statement and accounting principles
Income and cash flow statement
Accounting principles application: an example
Signalling mixing criminal funds for integration
Trade-Based Money Laundering and other red flags
Trade-Based Money Laundering