Anti-Money Laundering (AML) and Financial Crime

Duration 3 hours

Last audited 10th February 2023

CPD Approved IIRSM Approved
Anti-Money Laundering (AML) and Financial Crime
For me
For teams
  • 100% online training

  • Start when you like

  • Learn on any device (desktop, mobile or tablet)

  • Instant assessment and result

  • 1 learner per course

  • Train teams of all sizes

  • Bulk discounts starting at 10% off 10 courses

  • Learn on any device (desktop, mobile or tablet)

£26 +VAT

include vat

Includes a 10% discount for 10+ courses

If you work in the financial services sector (a 'regulated sector') then it's important that you understand the UK's regulations relating to financial crime. This course covers areas of the law that deal with the prevention of financial crime and is intended to provide a background for firms that are subject to the Money Laundering Regulations, as well as those outside the ‘regulated’ sector that might still be used in the money laundering process.

100% online training

Access anywhere

Same day digital certificate

Printed certificate posted next working day

Full audio voiceover

Unlimited assessment attempts

Developed by a Chartered Insurance Practitioner

Accredited by CPD and approved by IIRSM

What you'll learn

By the end of this course, you will:

  • Be able to explain the concepts of money laundering, bribery, tax evasion and terrorist fundraising and understand their impact on the financial services sector and the economy as a whole.
  • Be able to identify and explain the law concerning money laundering.
  • Understand what constitutes a bribe.
  • Understand how the law in relation to financial crime impacts upon the work you carry out in terms of procedures and your responsibilities.

Training you can trust

  • Course Content
  • Assessment
  • Suitable for

Module 1: Introduction to Financial Crime and Money Laundering

Financial crime, what is money laundering?, the Financial Sanctions List, the Financial Conduct Authority, enforcement and sanctions, the Joint Money Laundering Steering Group and scams.

Module 2: The Money Laundering Regulations

Supervisors, registered businesses, the 5th and 6th money laundering directives, the MLCP and MLRO, and vetting, training and reporting.

Module 3: UK Anti-Money Laundering Law

Key regulatory requirements of the Money Laundering Regulations, the Criminal Finances Act 2017, The Economic Crime (Transparency and Enforcement) Act 2022, and record keeping, investigation and training.

Module 4: The Proceeds of Crime Act, the Terrorism Act and the Bribery Act

The Proceeds of Crime Act 2002, the Terrorism Act 2000, fundraising, tipping off and failing to disclose, and the Bribery Act 2010.

Module 5: Client Identification

Individual and company identification, Simplified Due Diligence and Enhanced Due Diligence, and Politically Exposed Persons (PEPs).

The online assessment is taken on completion of the training material. You will be asked 15 multiple choice questions with a pass mark of 80%. The answers are marked automatically so you will instantly know whether you have passed. If you don't pass don't worry! You can take the test as many times as you need with no extra charge.

This course is suitable for anyone who works in the financial services sector that handles or processes large amounts of money, particularly those businesses where illegally-obtained cash, property or goods could be bought, sold or exchanged.

It's a legal requirement for businesses in the regulated sector to put in place systems and controls to prevent financial crime, money laundering and counter-terror financing. This includes those businesses in the financial sector, such as accountants and bookkeepers, and businesses where substantial sums of money form part of the business, such as estate agents and those in the gambling industry.

Does your business require an anti-bribery policy? You might be interested in our Anti-Bribery Training.

Written by experts

Profile photo of Karen Malin, Chartered Insurance Practitioner

In partnership with

Karen Malin

Chartered Insurance Practitioner

Karen Malin is a highly skilled financial specialist with over 40 years of experience in the sector. Karen is an Associate and a Fellow of the Chartered Insurance Institute, which is regarded to be the highest level of achievement in financial services and is a Chartered Insurance Practitioner with additional qualifications in customer care, financial planning, financial services and compliance. 

She has also completed the CII business ethics program and has published work that includes The RDR Guide. 

Formerly a compliance director and insurance underwriter, Karen started her own compliance support business to help financial advisory firms with the challenge presented by regulations. 

Karen passionately believes compliance should not be a barrier and continues to work with a variety of organisations to solve their financial challenges.

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