About the Training
Objective
The “Prevention of Money Laundering and Tax Evasion” training module is crafted to instill a deep understanding of the practices necessary to detect, prevent, and report any activities that could be construed as money laundering or tax evasion. This module is crucial in safeguarding the company against financial crime and ensuring adherence to global compliance standards.
Key Learnings
Defining Money Laundering and Tax Evasion
Trainees will be briefed on the legal definitions, mechanisms, and implications of money laundering and tax evasion, including an overview of relevant laws such as Law No. 4208.
Recognizing Red Flags
The course will cover the indicators of money laundering and tax evasion, equipping participants with the ability to identify and act on suspicious behavior.
Due Diligence Processes
Participants will learn about ‘Know Your Client’ (KYC) and ‘Know Your Business Partner’ (KYBP) procedures that are integral to the company’s preventative framework.
Reporting Obligations
The training will detail the protocols for reporting suspicious activities, emphasizing the individual’s role in maintaining the company’s financial integrity.
Outcome
Participants will emerge with a comprehensive skill set to contribute to the prevention of money laundering and tax evasion, reinforcing the company’s commitment to ethical business conduct and legal compliance.
Target Audience
This module is particularly relevant for employees in finance, compliance, risk management, and any role involved in processing financial transactions or partnerships. It is also essential for management to ensure a top-down approach to compliance and integrity.
