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Click on the image below to download the Anti-Money Laundering Online Course Flyer.
Anti-Money Laundering Online Course
£20.00 + £4.00 VAT
- Approved by IIRSM
- Certified by CPD
- Audio voiceover
- Approximate course duration 2-3 Hours
- Downloadable certificate on completion
- 100% online training
- No time limits
Our Anti-Money Laundering Training helps employees understand how to recognise and prevent money laundering and terrorist financing. This Anti-Money Laundering Online Course covers UK anti-money laundering legislation, AML risk assessments, Customer Due Diligence (CDD), Know Your Customer (KYC), Enhanced Due Diligence (EDD) and the procedures used to identify and report suspicious activity.
Suitable for employees working in regulated sectors and other roles where money laundering risks may arise, this course provides practical awareness of the controls used to prevent financial crime and identify suspicious activity.
The course can be completed entirely online and takes approximately 2 to 3 hours. Learners can study at their own pace with no set time limit.
What is Money Laundering?
Money laundering is the crime of processing dirty money (obtained through crime) through a legitimate business, or moving it into foreign bank accounts, to hide the fact that the money was illegally obtained. The ‘cleaned’ money can then be spent as if it was obtained from legal sources.
Money laundering is usually used to fund criminal/illegal operations. Money laundering can be linked to many activities such as fraud, drug trafficking, tax violations and embezzlement.
Read our article The 3 Stages of Money Laundering that explains money laundering process in more detail.
Who needs Anti-Money Laundering Training?
Anti-Money Laundering Training is particularly relevant to employees working in regulated sectors, including banking and financial services, accountancy, legal services, estate agency and other businesses subject to anti-money laundering requirements. It is also suitable for employees responsible for customer due diligence, Know Your Customer (KYC) checks, AML risk assessments or reporting suspicious activity.
Reviewed and approved by lead bodies
The training course complies with the Continuing Professional Development (CPD) guidelines and is accredited by the CPD Certification Service.
Our Anti-Money Laundering course has also met the standard of the International Institute of Risk and Safety Management Training Approval Scheme.
What will you learn on the Anti-Money Laundering Online Course?
At the end of the online Anti-Money Laundering course, you will be able to describe:
- The terms money laundering and terrorist financing
- Global efforts to tackle financial crime
- The money laundering process
- Key laws that address money laundering and terrorist financing
- The role of the regulators
- Who is responsible for compliance in a regulated firm
- Compliance measures that the responsible person must take
- What is meant by a risk-based approach to compliance
- The role of risk assessment
- Customer Due Diligence
- Know Your Customer
- Enhanced Customer Due Diligence
- The essentials of a compliance programme
Example course pages
Below are examples of what to expect from our online Anti-Money Laundering training. With years of experience providing training to businesses all over the UK, we’ve learnt how to keep slides straightforward and accessible.
(Click on the example screens below to view)
What does the Anti-Money Laundering Online Course cover?
The online course contains the following nine topics:
1 – Background
The first topic defines the terms money laundering and terrorist financing. It also explores the consequences and the nature of these crimes. Finally, the topic outlines the role of the Financial Action Task Force.
2 – The Money Laundering Process
In the second topic you will learn about the three stages of money laundering.
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 main 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
In topic 5 you will learn about the duties of the Money Laundering Compliance Principal and the Money Laundering Reporting Officer. The topic goes on to identify 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 to calculate a risk score. You will also 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. Next, 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. Then the topic covers how to verify ID when a customer is not physically present and the concept of the Politically Exposed Person (PEP). Finally the topic 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.
How is the Anti-Money Laundering Training assessed?
The assessment will contain 20 questions which the course will select from question banks. The questions change each time a candidate takes the assessment, so the course is suitable for initial and refresher training.
You can take as many attempts at the assessment as you need to pass. Knowing this helps participants relax and gain a better score without added pressure.
Anti-Money Laundering Training Certificate
After completing i2Comply’s online Anti-Money Laundering course, your certificate is available to view, save and print immediately.
Your course certificate will include the IIRSM Approved Training and CPD logos and can be used as evidence that the learner has successfully completed the Anti-Money Laundering Training.
How long is the Anti-Money Laundering certification valid?
Our Anti-Money Laundering course certificate doesn’t include an expiry date. Although your certificate won’t expire, we recommend refreshing your knowledge every 12 months. The suggested date of renewal/refresher training is on your certificate.
Course reviews
If you’ve read the anti-money laundering course details and still are unsure if the training suits you or your workplace, we’d suggest you read our Anti-Money Laundering Course Reviews..
We pride ourselves on providing a 5-star service to all our customers. Let us know how we are doing by leaving a review on Reviews.io or leaving a review on Google, we would really appreciate it.
Frequently Asked Questions
Businesses in the regulated sector have legal responsibilities to prevent money laundering and terrorist financing and must ensure relevant employees receive appropriate Anti-Money Laundering training. Training helps employees understand money laundering risks, their responsibilities and the procedures they should follow when suspicious activity is identified.
Yes. Our Anti-Money Laundering Online Course is completed entirely online, allowing learners to study at their own pace. There is no set time limit for completing the course.
The Anti-Money Laundering Online Course takes approximately 2 to 3 hours to complete. This is an estimated duration, and learners can take as much time as they need to work through the training.
Yes. After successfully completing the course, learners can immediately access, save and print their Anti-Money Laundering Training certificate. The certificate includes the IIRSM Approved Training and CPD logos and provides evidence that the learner has successfully completed the training.
The i2Comply Anti-Money Laundering Training certificate does not have an expiry date. However, relevant employees should receive regular refresher training to ensure their knowledge remains up to date. HMRC expects Anti-Money Laundering training to be delivered at least annually, with more frequent training where appropriate for higher-risk businesses. We therefore recommend refreshing your Anti-Money Laundering Training every 12 months.
Why is Anti-Money Laundering Training important?
Money laundering costs the UK billions of pounds a year. Criminals, organised gangs, and terrorists use it to move funds and pay for assets.
No one wants money laundering happening in their business. There is a risk of loss of revenue and a loss of reputation.
This online Anti-Money Laundering (AML) and Counter-Terrorism Financing course makes employees aware of illegal practices and helps them to identify AML risks. It explains the relevant UK laws, and explains the controls that must be put in place to prevent money laundering and terrorist financing.
Start your Anti-Money Laundering Online Course
Booking our Anti-Money Laundering course is simple and takes only a few clicks. Start by adding the course to your basket from the top right-hand side of the page before payment.
There is no set time in which you need to complete the course after purchase. You can buy the course now and start studying whenever you like. This means you can take advantage of our bulk buying option for your staff to complete later.
Other online Regulatory Compliance courses
Are you looking for other regulatory compliance courses like our online Anti-Money Laundering training? i2Comply offer a range of courses from Equality & Diversity to GDPR.
Find a list below of all of our Regulatory Compliance courses. You can view additional information on each course by clicking the titles listed below.
- Bribery Act 2010 Training Course
- Cyber Security Training Course
- Data Protection and the GDPR Course
- Data Protection and the GDPR (Advanced) Course
- Disability Awareness Training Course
- Equality and Diversity Awareness Course
- Freedom of Information and the Law Course
- Mental Health Awareness Course
- Modern Slavery Awareness Course
- Sexual Harassment Awareness Training Course
- Unconscious Bias Training Course
Our range of online training courses is much more than just Regulatory Compliance. For example, we also offer courses on fire safety, health and safety, food hygiene and health & social care.
Questions about our Anti-Money Laundering course?
Have a few questions to get out of the way before you commit to buying our course licences? We totally understand, and we’re here to help. Contact a team member who will be happy to answer any of your questions regarding the online course.
If you aren’t aware, we have already answered some of the questions we’ve been asked in our help & knowledge base. Have a look to see if this section has previously answered your question. We’ve responded to questions on things like account settings, licences, certificates and payment.
Request an online training quote
Whether you are looking to train a small team or an entire business, we’re here to help. Let us know your online training requirements and we’ll provide you with a quote.
£20.00 + £4.00 VAT
Discounts Available For Bulk Purchases
| No. of total licenses | % saving |
|---|---|
| 1 - 9 | - |
| 10 - 19 | 10% |
| 20 - 49 | 20% |
| 50 - 99 | 25% |
| 100 - 199 | 30% |
| 200 - 499 | 40% |
| 500 - 999 | 50% |
| 1000 + | 60% |
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