Anti-Money Laundering and Counter-Terrorism Financing Course

Price
£25.00
ex. vat
  • Certified by CPD
  • Audio voiceover
  • Approximate duration 2-3 Hours
  • Downloadable certificate on completion

This Anti-Money Laundering and Counter-Terrorism Financing online training course explains the purpose and scope of the UK anti-money laundering and counter-terrorist financing legislation. It also covers the controls that must be put in place to prevent money laundering and terrorist financing.

Businesses in the regulated sector have a legal requirement to put in place systems and controls to prevent financial crime, money laundering and terrorist financing. The regulated sector encompasses a huge variety of businesses including banks, investment firms, insurance firms, accountants, book-keepers, estate agents, law firms, company formation agents, casinos and auction platforms.

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2 – Data Protection and the GDPR Course (Level 2)
3 – Modern Slavery Awareness Course
4 – Equality and Diversity Awareness Course

Who is Anti-Money Laundering training for?

The course is required by anyone involved in handling or managing an organisation’s finances, regardless of whether this is within or outside the regulated sector.

AML Certificate

When do I get my Anti-Money Laundering certificate?

When you have successfully passed the online course you will be able to download and print your certificate straight away.

All of our courses conform to the Continuing Professional Development (CPD) guidelines and have been accredited by the CPD Certification Service. Your certificate will include the CPD logo and therefore, you can use it to provide evidence for compliance.

CPD Logo

Example Screens from Anti-Money Laundering course

(Click on the example screens below to view)

Anti-Money Laundering Example 1Anti-Money Laundering Example 2Anti-Money Laundering Example 3

What does the Anti-Money Laundering course cover?

The online course contains the following 9 topics:

1 – Background

The first topic defines the terms money laundering and terrorist financing. It also explores the consequences and the global nature of these crimes. The topic outlines the role of the Financial Action Task Force on Money Laundering.

2 – The Money Laundering Process

The second topic explains the three stages of money laundering – placement, layering and integration.

3 – Legislation

The third topic outlines relevant UK laws and also describes the offences and penalties under the POCA.

4 – Regulations

Topic 4 identifies the principal supervisory authorities in the UK and describes the work they do. It also explains the regulation of high value dealers and outlines the UK sanctions regime.

5 – Compliance

Topic 5 describes the duties of the Money Laundering Compliance Principal (MLCP) and the Money Laundering Reporting Officer (MLRO). It identifies the importance of employee screening and internal audits. The topic also outlines the training and skills needed by employees, the MLCP and the MLRO.

6 – Risk-based Approach

Topic 6 defines the risk-based approach to compliance and outlines the purpose of an AML risk assessment. The topic also provides examples of risk factors in key regulated sectors and explains how a to calculate a risk score. You will learn about when and how to document risk assessments.

7 – Customer Due Diligence

Topic 7 explains the terms Customer Due Diligence and Know your Customer. It explains what you must do to establish a customer’s identity and how to identify beneficial owners. You will also learn about due diligence checks for regulated and unregulated bodies and the duty to cooperate placed on customers.

8 – Enhanced due diligence

Topic 8 explains enhanced due diligence. The topic covers how to verify ID when a customer is not physically present and the concept of the Politically Exposed Person (PEP). The topic also describes enhanced due diligence checks for high risk countries and money service businesses.

9 – AML Compliance Programme

The final topic summarises money laundering requirements for UK businesses. The topic also focusses on the role of the MLCP and MLRO and AML risk assessments.

Assessment

Once you have completed the nine topics, you will be allowed to take the assessment. The course generates an assessment from question banks so that the questions change each time a candidate takes the assessment. This makes the training suitable for initial and refresher training.

There is no limit on the number of attempts at the assessment. In addition, the training course gives informative feedback so candidates can learn from incorrect responses.

Price
£25.00
ex. vat
DISCOUNTS
Discounts Available For Bulk Purchases
No. of licences
per course
% saving
1 - 9 -
10 - 19 10%
20 - 49 20%
50 - 99 25%
100 - 149 30%
150 - 999 35%
For 200+ licences, please email us at sales@i2comply.com or call us on 0333 577 5016.
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