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Covered in this course
This training course is broken down into 4 sections
- 1 Money Laundering
- 2 Customer Verification
- 3 Suspicious Activity
- 4 Laws, Acts and Policies
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.
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.
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.
In this final section, we're looking at policies and procedures and at the money laundering Laws, Acts and Regulations.
About this course
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.
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Anti-Money Laundering certificate
Download and print
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 (AML) Training 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.
Please note if you are using our course content via SCORM in a third party LMS then we are unable to provide certificates and you will need to generate these in your host LMS yourself.
215 real user reviews
Very comprehensive, simple to follow
Excellent refresher, information update and reminder of key aspects, for all staff.
Could provide more examples of laundering
The course was informative and straightforward to use, it was easy to navigate. The training provided a good overview of the requirements that were easy to understand.
Clear and precise presentation
This user gave this course a rating of 5/5 stars
Really easy to follow
It made a difficult subject more interesting. The presenter was very engaging too. The summary at the end of each slide made it easier to follow too.
The training video was well structured and set at a level that was appropriate for the subject. There was sufficient explanation at each stage to understand the principals and the process.
Really enjoyed this course and was really interesting
Informative / well presented
The course was well explained and broken down into easy interesting sections. I did get a little confused between the understanding of layering & integration. Maybe some more examples would be useful.
Why is this training important?
It's important that you comply with the law and know the ways in which it affects you and the way you work.
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
Over £40 billion are illegally laundered in the UK every year.
The financial services sector and anywhere which handles large amounts of money, property, or goods are all high-risk areas for money laundering and a number of very strict laws exist to help combat it. It’s a crime to have, move, or hide assets which result from criminal activity; to help somebody else who has assets resulting from criminal activities; and, most importantly, to fail to do anything at all – whether knowingly or unknowingly. Using our Anti-Money Laundering course to train yourself and your staff in how to spot, avoid, properly report, and safely guard against money-laundering is an essential step in doing something to comply with your legal obligations, avoid being an unwitting accomplice, and to make it harder for criminals to profit from their activities.