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 all relevant approvals.
Real User Reviews30
Based on 30 real user reviews.
Person presenting the training had a clear precise voice so made training easier to follow and test was okay.
This course was nice and easy to follow and was good to have videos to watch with a written summary at the end of each one. I found this easier to follow than other courses that are all in writing.
Easy to navigate. Clear and concise teachings. Would recommend.
No summary provided
No summary provided
Interesting with the pictures which will help to remember the course
I liked the use of visual aids that makes remember key lessons very simple
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