Anti-Money Laundering: What Is It And Why It Matters?

Anti-Money Laundering

Did you know that global money-laundering transactions are estimated to be worth $1-2 trillion? 

Money laundering is one of the biggest issues plaguing the global economy. Companies all across the world look for ways to counter this problem. Money laundering hurts the capital market and makes it difficult for organizations to thrive.

Hence, organizations rely on investment banking professionals to protect the capital market. In the following sections, we will cover the issue of money laundering in detail and learn how companies use anti-money laundering (AML) procedures to counter this issue.

You will also find out how you can become a part of the solution by enrolling in Investment banking courses in India.

MBA online CoursesWhat is Money Laundering?

Money laundering is a significant financial crime. It refers to the process of legalizing money that has been obtained illegally. It focuses on hiding the nature, source, and act of a crime to give it a legal image.

Some of the illegal activities that utilize money laundering are terrorism, corruption, drug trafficking, and human trafficking. Governments and companies all over the world strive to combat this issue as it damages the economy and society as a whole.

What is Anti-money Laundering?

Anti-money laundering refers to the provisions and procedures companies use to prevent money laundering in their organization. One of the most popular AML procedures is KYC (know your customer).

In this procedure, a company requires its customer to verify their details such as an address, name, and ID. This way, the company can mitigate suspicious transactions. And, if a customer performs one, it can track him/her quickly.

There are many AML procedures and they help a lot in combating the issue of money laundering. However, industries require professionals that are well-acquainted with the advanced AML procedures.

How you can get involved?

Money laundering is a big issue and one of the best ways to combat this problem is by learning the necessary compliance and skills.

If you are interested in pursuing a career in finance, then you should take a course that covers anti-money laundering provisions and procedures properly. This way, you would be well-equipped to combat this problem at the organization you work in.

The best way to go about this process is to join investment banking courses in India. Most reputable investment banking courses in India cover AML procedures along with the basics of investment banking.

Before joining a course, be sure to check its crucial details such as the investment banking course fees, duration, and modules. After completing investment banking courses in India, you can apply for high-paying roles in the finance sector and help organizations in protecting and growing the capital market.

AML implementations help companies in mitigating money laundering activities. However, they require the expertise of skilled professionals to do so.

You can become a part of the AML solution by enrolling in relevant investment banking courses. If you are interested, then check out Imarticus’ Certified Investment Banking Operations Professional (CIBOP) program to get the right direction.

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