Investigating Money Laundering

Money laundering is described as the scheme that criminals use to disguise the original ownership and control of the proceeds of criminal activity by making these proceeds of crimes appear to have derived from a legitimate source. It can also be described as a series of financial transactions that are intended to transform fraudulent gains into legitimate money or other assets.

The key to successfully combatting money laundering is by following the money. This involves the methodological mapping of transactions to track the money that has been illegally entered into the financial system. Funds can be channelled through the purchase and sales of investment instruments, or wire transfers through a series of accounts at various banks across the globe using a technique called layering.

For this workshop, the sessions would focus on three critical areas vital to a successful money laundering case; these are:

• Financial Intelligence
• Building the Case File
• Investigating Money Laundering Cases

Participants will learn how to utilise criminal investigative techniques to identify the witnesses and evidence that will be used to prove each of the elements of a money laundering and corruption violation and to direct an asset recovery action.