Anti-Money Laundering Training

Overview

This online course is designed to make the user aware of money laundering and the laws, regulations, and employee responsibilities surrounding it. 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.

Learning Outcomes

In this course you will learn:

What money laundering is and procedures for preventing it.
How to recognise suspicious activity relating to money laundering.
The details of the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 and the Proceeds of Crime Act 2002, and your responsibilities for compliance.

Course Contents

This course consists of four sections:

Section 1: money laundering

Section 1 of this course explains what money laundering is and the stages through which it is achieved.

Section 2: customer verification

Section 2 focuses on assessing customers and the level of risk they might post, and verifying that someone is who they say they are through identity checks. It also explains what to do if verification fails or suspicions of identity arise.

Section 3: suspicious activity

Section 3 examines types of suspicious activity and provides guidance on what to look out for. It explains the process for reporting suspicious activity, including the details you will need to report.

Section 4: laws, acts and policies

This course concludes by detailing the laws and policies surrounding money laundering in the UK.

About the Course

The Anti-Money Laundering training course is designed to raise awareness of money laundering risks among those working in the financial sector, or any business in which large amounts of money, goods or property are exchanged.

This course details the process of money laundering, how to verify customers, and how to identify and report any suspicious activity. It explains all relevant legislation and its applications so that you can understand and prevent money laundering in your sector.

Available in 31 languages, the course takes around 30 minutes to complete.