This course covers what is meant by MVTS and how it differs from conventional money remittance activity. Participants will understand the historical background and beneficial nature of genuine MVTS activity through examples and case studies. The course will then focus on identifying the inherent dangers and significant risks of MVTS abuse by criminals to launder funds, often usurping conventional banking systems.
This heavily interactive course enables the instructor to facilitate the participants through their teamwork to ensure they develop and enhance their ability in analysis, critical thinking and recognition of typologies and indicators of risk. An actual case study of a criminal MVTS is utilised in the form of a group exercise whereby successive chronological document feeds of actual MVTS records enable the participants to review, analyse and consider their findings. This will enable financial service providers to recognise suspicious activity.
Training Objectives
Participants will:
Training Outline