Anti-Money Laundering and Counter-Terrorism Financing

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

Our 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, and 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.

This Anti-Money Laundering and Counter-Terrorism Financing online training course has been certified by The Continuing Professional Development Certification Service (CPD).

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Other Courses

Bribery Act 2010 online training.

Who is it for?

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

Certificate Example

When do I get my certificate?

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

As this training course has been accredited by the CPD Certification Service, your certificate will contain the CPD logo and can be used to provide evidence for compliance.

Example Screens

(Click on the example screens below to view)

Anti-Money Laundering Online Training Screenshot 1Anti-Money Laundering Online Training Screenshot 2Anti-Money Laundering Online Training Screenshot 3
What does the course cover?

The course contains the following 9 topics and includes an assessment:

Background

  • What is meant by the terms money laundering and terrorist financing
  • The consequences of money laundering and terrorist financing
  • The global nature of money laundering and terrorist financing
  • The role of the Financial Action Task Force on Money Laundering (FATF)

The Money Laundering Process

  • The placement stage of money laundering
  • The layering stage of money laundering
  • The integration stage of money laundering

Legislation

  • The Proceeds of Crime Act 2002 (POCA)
  • The five offences under the POCA and the penalties for failing to comply with the legislation
  • The Terrorism Act 2000
  • The Money Laundering, Terrorist Financing and Transfer of Funds 2017 Act
  • The relationship between UK legislation, EU Directives and FATF

Regulations

  • The role of the supervisory authorities
  • The principal supervisory authorities in the UK
  • The role of the Financial Conduct Authority (FCA)
  • The professional bodies regulated by the FCA
  • The supervisory role of HMRC
  • The professional bodies regulated by the HMRC
  • The regulation of ‘high value dealers’, money brokers and insurers
  • The UK sanctions regime
  • Sanctions and Anti-Money Laundering Act (SAMLA)

Compliance

  • The duties and responsibilities of the Money Laundering Compliance Principal (MLCP)
  • The duties and responsibilities of the Money Laundering Reporting Officer (MLRO)
  • The need for employee screening
  • The requirement and purpose of internal audits
  • The training that must be provided for employees
  • The skill set of the MLCP and MLRO
  • The need for supervisory authority approval of individuals in the MLCP and MLRO roles

Risk-based Approach

  • What is meant by a ‘risk-based approach’ to AML/CTF compliance
  • The purpose of an AML risk assessment
  • The need to tailor the risk assessment to the organisation
  • Examples of risk factors in some key regulated sectors
  • How a ‘risk score’ is obtained to indicate the level of risk
  • The need to document the outcome of the risk assessment
  • When the risk assessment should be done or updated

Customer Due Diligence

  • What is meant by the terms Customer Due Diligence and Know your Customer
  • The action to take if you doubt a customer’s identity
  • How a person’s identity can be verified
  • When you need to apply customer due diligence measures
  • The need to identify beneficial owners
  • The due diligence checks for regulated and unregulated corporate bodies
  • The duty to cooperate placed on customers
  • Customer due diligence for occasional transactions

Enhanced due diligence

  • What is meant by the term ‘enhanced due diligence’
  • How to verify ID when a customer is not physically present
  • What is meant by the term Politically Exposed Person (PEP)
  • Who is considered to be a PEP
  • Enhanced due diligence checks for transactions involving high risk countries
  • Enhanced due diligence for money service businesses

AML Compliance Programme

  • The role of the MLCP and MLRO
  • AML risk assessments

Assessment

The assessment is generated from question banks so that the questions change each time a candidate takes the assessment – making the training suitable for initial and refresher training.

There is no limit on the number of attempts at the assessment and informative feedback is given so candidates can learn from their incorrect responses.

Price
£25.00
ex. vat
DISCOUNTS
Discounts Available For Bulk Purchases
No. of licences
per course
% saving
1 - 9-
10 - 1910%
20 - 4920%
50 - 9925%
100 - 14930%
150 - 99935%
For 200+ licences, please email us at sales@i2comply.com or call us on 0333 577 5016.
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Competence Assurance

Our integrated software environment helps you to plan, develop and monitor enterprise capability and compliance, to minimise the risk of incidents and non-compliance.

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