The Professional Certificate in Money Laundering and Terrorism Financing in Banking and Finance Law is essential in the UK due to the increasing threat of financial crimes. According to the National Crime Agency, money laundering costs the UK economy an estimated £24 billion annually. Additionally, the Financial Conduct Authority reported that there were 2,710 Suspicious Activity Reports related to terrorism financing in 2020.
To highlight the industry demand for professionals with expertise in this area, the following statistics are provided:
Statistic |
Value |
Number of reported money laundering cases in the UK |
over 400,000 |
Percentage of UK businesses at risk of money laundering |
45% |
Annual cost of financial crimes to UK businesses |
£190 billion |
With the increasing regulatory scrutiny and financial losses associated with money laundering and terrorism financing, professionals in the banking and finance sector need to be equipped with the necessary knowledge and skills to combat these threats effectively. The Professional Certificate in Money Laundering and Terrorism Financing in Banking and Finance Law provides individuals with the expertise needed to navigate the complex regulatory landscape and protect their organizations from financial crimes.