Anti Money Laundering Certificate

Course details

Learn how to safeguard the financial system from money laundering through the Anti-Money Laundering Course. This course is designed to acquaint you with the intricacies of money laundering, enabling you to secure your company against illicit financial activities.

Throughout the program, you will delve into crucial aspects of anti-money laundering, recognizing the importance of raising awareness about various types of crimes. Initially, you'll grasp the concept of money laundering and familiarize yourself with the techniques involved. Subsequently, the course delves into the Anti-Money Laundering Legislation and regulatory framework in the UK, outlining your responsibilities in combating money laundering. The Risk-Based Approach (RBA) is explained through examples, and you'll learn how to implement Customer Due Diligence, navigate legislation, and effectively maintain records.

The course also covers methods for identifying and reporting suspicious activities, concluding with guidance on training your employees to handle such situations. Upon completion, you will possess the confidence to protect your company or business firm from financial threats posed by money laundering.


Anti Money Laundering Certificate Course Learning Outcomes:

• Understand the concept of money laundering and its implications in the financial sector.
• Gain knowledge of various definitions and methods associated with money laundering.
• Comprehend the economic and social consequences linked to money laundering activities.
• Familiarize oneself with different money laundering methods such as payable through accounts, concentration accounts, and structuring.
• Recognize the role of both banks and non-bank financial institutions in the context of money laundering.
• Explore the involvement of insurance companies and their impact on anti-money laundering efforts.
• Define and grasp the importance of financial inclusion in the broader anti-money laundering framework.
• Develop skills in record keeping, high currency amount transaction reporting, suspicious transaction reporting, and fraud prevention for money transfers.

Anti Money Laundering Certificate Course Outline:

• What is Money Laundering?
• More Definitions of Money Laundering
• How Money Laundering Works
• The Economic and Social Consequences of Money Laundering
• Methods of Money Laundering
• Payable Through Accounts
• Concentration Accounts
• Structuring
• Bank Complicity
• Non-Bank Financial Institutions
• Insurance Companies
• What is Financial Inclusion?
• Anti Money Laundering
• Record Keeping
• High Currency Amount Transaction Reporting
• Suspicious Transaction Reporting
• Fraud Prevention for Money Transfers
• Terrorism Financing Prevention
• Designation of a Compliance Officer

Mock Exam

• Mock Exam: Anti-Money Laundering Course

Final Exam

• Final Exam: Anti-Money Laundering Course

Updated on 11 December, 2023