Anti-Money Laundering (AML) and Financial Crime
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This online Anti-Money Laundering (AML) and Financial Crime training course explains how the law deals with the prevention of financial crime in the UK. The course outlines how to be alert to financial crime in your industry, including money laundering, bribery and terrorist financing, and explains how the law impacts the work you carry out.
By the end of this training, you will be confident in your knowledge of financial crime and the laws surrounding it and understand the impact these have on the financial services sector.
- Developed by a Chartered Insurance Practitioner
- Approved by CPD and IIRSM
- Fully online course and assessment with no time limits
- Full audio voiceover
- Approximate duration: 2-3 hours
- On completion, certificate is posted the next working day
Who Should Take This Course?
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.
All of our courses are accredited by the CPD Certification Service as conforming to universally accepted Continuing Professional Development (CPD) guidelines.
Additionally, this course has been independently recognised by the International Institute of Risk and Safety Management as meeting the standards of its Training Approval Scheme.
On successful completion of the course you will be sent a quality assured certificate through the post the next working day. This can be used to provide evidence for compliance and audit.
This certificate does not have an expiry date. However, based on industry best practice guidelines, the recommended renewal period for this training is 2 years. We will print this recommended renewal date on your certificate.
Screenshots (click to view)
If you wish to try this course then register for a demo by clicking the 'interactive demo' button. You will be given the option to purchase and continue with your course at the end of your demo!
|1||Introduction to Financial Crime and Money Laundering|| |
Financial crime, money laundering, the financial sanctions list, the Financial Conduct Authority, enforcement, sanctions, the Joint Money Laundering Steering Group, scams.
|2||The Money Laundering Regulations|| |
Organisations subject to the Money Laundering Regulations, supervisors, the 5th Money Laundering Directive, registered businesses, additional requirements, the MLCP and MLRO, the 6th Money Laundering Directive, staff vetting and training, reporting, customer due diligence, HMRC.
|3||EU Money Laundering Directives and the Criminal Finances Act|| |
EU money laundering directives, the Criminal Finances Act 2017, record keeping, investigation, training.
|4||The Proceeds of Crime Act and the Terrorism Act|| |
The Proceeds of Crime Act 2002, the Terrorism Act 2000, fundraising and other offences, defences, failure to disclose, tipping off.
|5||The Bribery Act|| |
Bribery offences, what constitutes a bribe, gifts hospitality and free services, examples of bribery.
|6||Client Identification|| |
Individual identification, Simplified Due Diligence (SDD), identification of address, company identification, registered charities, clubs and societies, electronic identification, Enhanced Due Diligence (EDD), red flags, politically exposed persons (PEPs).
Download Course Overview (PDF)
Aims of the Course
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.
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.
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