AML – Anti-Money Laundering

Overview

The AML - Anti-Money Laundering course provides an overview of the legal framework and regulatory environment designed to prevent money laundering. Participants will gain a comprehensive understanding of money laundering, its consequences, and the measures required to combat it. The course will begin with an introduction to money laundering, its definition, and its history. The course will then delve into the Proceeds of Crime Act 2002 and its significance in combating money laundering. Participants will learn about the Anti-Money Laundering Regulation Development, its evolution, and its impact on financial institutions. Participants will also gain an understanding of the Money Laundering Reporting Officer's Responsibilities, which includes identifying and reporting suspicious activities to the relevant authorities. The course will also cover the Risk-based Approach and how it is applied to combat money laundering. Furthermore, the course will explore Customer Due Diligence, which is a crucial process for identifying and verifying customer identities and preventing fraudulent transactions. Participants will also learn about Record Keeping and how it is used to maintain accurate and complete records of financial transactions. The course will then discuss Suspicious Conduct and Transactions, including the indicators of suspicious activity and the actions to be taken in response. Finally, participants will learn about Awareness & Training, which includes the importance of educating employees on the risks of money laundering and how to recognize and report suspicious activity. By the end of this course, participants will have gained a comprehensive understanding of money laundering and the measures required to prevent it. They will have the knowledge and skills necessary to comply with AML regulations and effectively mitigate the risk of money laundering within their organizations.

What Will You Learn?

• The definition and history of money laundering.
• The Proceeds of Crime Act 2002 and its significance in combating money laundering.
• The development and impact of Anti-Money Laundering Regulation.
• The importance of Awareness & Training in educating employees on the risks of money laundering and how to recognize and report suspicious activity.

• The Risk-based Approach and how it is applied to combat money laundering.
• The Customer Due Diligence process and its importance in preventing fraudulent transactions.
• The Record Keeping requirements to maintain accurate and complete records of financial transactions.
• The indicators of suspicious activity and the actions to be taken in response.

Who Should Take The Anti-Money Laundering Course?

• The AML - Anti-Money Laundering course is designed for individuals and organizations operating in the financial sector.
• The course is recommended for professionals in compliance, risk management, and legal departments.
• The course covers the legal framework and regulatory environment designed to prevent money laundering and terrorist financing.
• Participants will learn about the history of money laundering, the Proceeds of Crime Act 2002, and Anti-Money Laundering Regulation.
• The course will also cover the Risk-based Approach, Customer Due Diligence, Record Keeping, Suspicious Conduct and Transactions.
• Upon completion of the course, participants will have a comprehensive understanding of AML regulations.

Requirements

• There are no specific requirements to take the AML - Anti-Money Laundering online learning course.
• A basic understanding of the financial sector and regulatory environment would be beneficial.
• The course is suitable for professionals at all levels of experience, from beginners to advanced.
• All that is required is an interest in learning about money laundering prevention and compliance with AML regulations.
• Participants will need a reliable internet connection and a device such as a laptop, desktop computer, or tablet to access the course content.