Should not repeat
Course Title
- 100% Online
- Duration: 2-3 hours
- Digital Certificate
- 100% Online
- 2-3 hours
- Certificate
£25.00
This course is essential for understanding the legal framework surrounding financial crime and money laundering prevention. It is a must for individuals and firms within the regulated financial sector to comply with the Money Laundering Regulations. These regulations are also applicable to those outside the regulated sector who may be involved in financial crime or money laundering processes. This course provides a comprehensive understanding of the financial crime prevention landscape. It equips learners with knowledge of how to comply with legal requirements.
Throughout the course, learners will participate in interactive exercises to assess their knowledge while completing the units to reinforce learning objectives and improve understanding. By the end of the course, learners will have the required knowledge, skills, and strategies to fulfil supervisory roles effectively and comply with regulatory standards.
- Developed by industry experts
- Accredited by CPD
- Downloable study material
- 24/7 Access
- Certificate upon completion
- Unlimited access
Learning outcomes
On successful completion of the course, learners should be able to:
- Identify and define different types of financial crime.
- Identify indicators of potential money laundering activities.
- Understand the methods and techniques used by criminals to launder money.
- Recognise red flags and suspicious transactions that may indicate money laundering or terrorist financing.
- Recognise the importance of sanctions.
- Understand the importance of regulatory frameworks and compliance measures, such as anti-money laundering (AML) regulations.
- Conduct thorough due diligence on customers and counterparties to assess their risk profiles.
- Report suspicious activities and transactions to relevant authorities.
- Assess and manage AML risks within an organisation's operations and business activities.
- Understand the role of organisational culture in combating financial crimes.
Course content
Unveiling Financial Crime and AML
Learning the fundamentals of Financial Crime, Money Laundering, Sanctions Lists, Terrorist Financing, Fraud & Bribery and corruption, Insider trading and Cybercrime.
Supervision and Compliance Responsibilities
The supervisory roles and compliance responsibilities. The MLCP and MLRO within the context of anti-money laundering (AML) and compliance frameworks. The processes of vetting, training, and reporting within compliance.
The UK Legal and Regulatory Framework
The legal and regulatory frameworks governing financial activities within the UK. The 5th and 6th money laundering directives, the Criminal Finances Act 2017, the Economic Crime (Transparency and Enforcement) Act 2022 and others.
Client Verification
The processes, protocols, and regulatory requirements associated with verifying and monitoring client identities and activities. How to conduct thorough Customer Due Diligence (CDD) checks and ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Monitoring client activity and reporting suspicious activity.
Tackling Money Laundering and other financial crimes.
Record Keeping, maintaining comprehensive and accurate records. How to assess and prioritise risks based on factors such as customer profiles, geographic locations. How to formulate and implement AML and financial crime policies and procedures.
Format, delivery and assessment
Everything you need to know
This course is entirely online and available all year round without any formal intake. It can be completed within approximately 2 hours. Students will have access to the course for 12 months from enrolment.
The course consists of a series of interactive lessons, case studies, and assessments designed to enhance your understanding of money laundering and financial crimes and their implications.
The course is evaluated through a self-assessment quiz covering various topics outlined in the syllabus. To obtain the Certificate, students must achieve a minimum score of 80%. Results are available immediately upon completion. The Certificate of Achievement can be downloaded instantly or shared on social media to demonstrate your accomplishment.
- Request demo
- Download syllabus
Suitable for
This course is designed for professionals in the banking, financial services, legal sectors and retail looking to enhance their knowledge and skills in AML practices. This includes the following:
- Accountants, auditors, tax advisors.
- Client relations, marketing, sales professionals
- Compliance officers, managers, MLROs
- Consultants, advisors, independent contractors
- Financial crime, risk officers
- Funds managers, officers
- Legal professionals (Lawyers/solicitors/attorneys)
- Managers, corporate administrators
- Secretarial, administration
- Senior managers
- Trust assistants, officers, administrators
Certificate
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What people say?
Frequently Asked Questions
No prior knowledge or experience in AML is required. The course is designed to accommodate beginners as well as those with some background in financial regulations or compliance.
It is open entry. There are no formal prerequisites. However, a basic understanding of financial systems and legal concepts is beneficial to fully grasp the course content.
You’ll need a mobile phone or computer or tablet with internet access and an up-to-date web browser. No specific software is required beyond this.
Yes, participants will have access to the course materials for 12 months after completion, allowing for review and continuous learning.
Yes, we offer group discounts for organisations or groups of five or more participants. Please contact our sales team for more details.
- Instant online access
- Developed by industry experts
- Accredited by CPD
- Downloable study material
- 24/7 Access
- Certificate upon completion
- Unlimited access
