Anti-Money-Laundering Training

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This online Anti-Money Laundering course is designed to make the user aware of money laundering and the laws, regulations, and employee responsibilities surrounding preventing money laundering from happening.

It has a key focus on due diligence and the duty to report suspicious activity. The course aims to provide the user with an understanding of The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, and The Proceeds of Crime Act 2002.

This course is split into four sections:

1. Money Laundering

Money laundering is, Concealing criminal assets, Disguising criminal assets, Converting criminal assets, Transferring criminal assets and Removing criminal assets.  

Money laundering is taking money which has come from crime or illegal sources and making it appear clean.  The process is split into three stages called Placement, Layering, and Integration. In this section the course looks at these three stages of money laundering in detail and finishes with a series of questions to check that you have understood the content.

2. Customer Verification

In most cases, customers pose no risk, or a very low risk, but sometimes the risks involved with specific individual customers can be high.  The identity of the customer must be verified.  

In this section, the course looks at how you decide the level of risk and how you check and verify customer details.

The section finishes with an interactive question to ensure that you have understood the content.

3. Suspicious Activity

It’s YOUR responsibility to report any criminal or suspicious activity.

Along with due diligence, it’s the most important thing you must do to help your organisation combat money laundering.

In this section, the course explains what you should be looking out for and what you should do if you think something looks suspicious.

The section finishes with an interactive question to ensure that you have understood the content.

4. Laws, Acts and Policies

The Senior Managers of any organisation are responsible for making sure that their organisation meets all its responsibilities under UK and international law. If they don’t, it could lead to a prison sentence or a fine.

It’s your responsibility to read, understand and follow the procedures they set out. Following what they say will help protect you and your organisation from having any association with money laundering.

In this final section the course looks at policies, procedures and the money laundering Laws, Acts and Regulations.

Conclusion

On completion of this online Anti-Money Laundering course you will have a clearer understanding of what money laundering is and how important it is to prevent it.

You will have looked at the regulations and laws surrounding money laundering and you will have learnt that your responsibilities as an employee are to do everything you can to help prevent financial crime from happening in your organisation.

The course concludes with a test to check your understanding of the content of the course and will provide you with a CPD accredited downloadable certification on successful completion of the test.

Course Sections

1. Money Laundering
2. Customer Verification
3. Suspicious Activity
4. Laws, Acts and Policies

Discount available for multiple courses. Please contact us for details