Placeholder image for How companies can minimise their exposure to fraud
eLearning news & guides
Anti-Money Laundering (AML) Training
This Anti-Money Laundering training course aims to increase awareness about money laundering and the laws, regulations and employee responsibilities surrounding it. It particularly concentrates on due diligence and the duty to report suspicious activity.
It's estimated that over £40 billion is laundered through the UK every year. That's over £100 million every working day!
This Anti-Money Laundering training course is for everyone who works in the financial services sector or anywhere large amounts of money, property or goods are bought, leased, sold or exchanged. It's an essential course for anyone in these areas who deals with customers and clients.
Designed to raise awareness, it explains what money laundering is and how crucial it is for employees to be on the lookout for anything that doesn't look or feel right when dealing with customer transactions.
Upon completion of the course, you'll be able to explain the ins and outs of money laundering and it's impacts on financial sectors. You will understand the various laws in relation to laundering crimes and you'll learn about customer verification methods, as well as how to spot suspicious activity.
This Anti-Money Laundering course can be used in conjunction with our Anti-Bribery & Corruption course.
Alternative languages available. Check our translation page if you require an alternative language.
Key features
- Takes just 30 minutes to complete
- CPD accredited
- Engaging use of animation and graphics
- Essential for anyone who works in an organisation regulated by anti-money laundering laws and regulations
- Working towards compliance with regulations
- Provides printable certificates
- Course translations readily available!
Covered in this course
The Anti-Money Laundering (AML) Training course is broken down into 4 sections.
1) Money Laundering
Money laundering is all about converting the proceeds of illegal activity into money or assets which appear to be legitimate or hiding money or assets (which may have come from legal or illegal sources).
In this section, we look at the stages involved in the money laundering process.
2) Customer Verification
This section is all about finding out about customers and deciding what level of risk they pose. It explains how to check identity and what should be done if there are any problems with the evidence provided.
3) Suspicious Activity
This section looks at the RED FLAGS of suspicious activity - the things which everyone should be on the look out for. It explains the importance of reporting concerns, who should be reported to and what sort of information they'll need.
4) Laws, Acts and Policies
In this final section, we're looking at policies and procedures and at the money laundering Laws, Acts and Regulations.
Anti-Money Laundering Certificate
Each of our courses ends with a multiple choice test to measure your knowledge of the material.
This Anti-Money Laundering Training course concludes with a 20 question multiple choice test with a printable certificate. In addition, brief in-course questionnaires guide the user through the sections of the training and are designed to reinforce learning and ensure maximum user engagement throughout.
As well as printable user certificates, training progress and results are all stored centrally in your LMS (Learning Management System) and can be accessed any time to reprint certificates, check and set pass marks and act as proof of a commitment to ongoing legal compliance.
What does my certificate include?
Your Anti-Money Laundering Certificate includes your name, company name (if applicable), name of course taken, pass percentage, date of completion, expiry date and stamps of approval or accreditations by recognised authorities.
Real user reviews
Based on 44 real user reviews.
Very informative and relevant.
No summary provided
Good information
No summary provided
5 stars
No summary provided
Very direct and informative.
No summary provided
Long, not very engaging
This training is dated and not engaging for the individual doing the training. This makes the training difficult to follow.
Comprehensive and great value
I'm very pleased to have found this course, as I am required to undertake annual AML training as a self employed tax consultant. The facility to produce a certificate showing your performance in the test is a bonus, as it enables me to demonstrate to my AML supervisor (CIOT) that I have met their requirements.
Clearly explained in an engaging way
No summary provided
Pretty good presentation
The test could be improved upon A few of the questions could do with re-wording!!! !!!
Read our full reviews for Anti-Money Laundering (AML) Training.
Legislation relating to Money Laundering
It's important that you comply with the law and know the ways in which it affects you and the way you work. Take a look at relevant legislation below.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) / The Proceeds of Crime Act 2002
The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 apply to 5 business sectors, namely:
- Estate Agency Businesses
- Money Service Businesses
- High-Value Dealers
- Accountancy Service Providers
- Trust or Company Service Providers
For more information on the new Money Laundering Regulations of 2017, check out these quick guides from the Law Society and Burges Salmon.