Anti-Money Laundering (AML) Training

A CPD-accredited Anti-Money Laundering (AML) online training course designed to raise your employees awareness of money laundering in order to confidently identify and report signs of money laundering activity in your business.

Key Learning Points:

  • What constitutes money laundering and what legislation exists to safeguard against it
  • Where and why money laundering takes place
  • Red flags to look out for to spot money laundering
  • What legislation organisations must comply with
  • How to make informed decisions when suspicious of money laundering
Anti-Money Laundering (AML) Training
Anti-Money Laundering (AML) Training
Anti-Money Laundering (AML) Training
Anti-Money Laundering (AML) Training
Anti-Money Laundering (AML) Training
Anti-Money Laundering (AML) Training
CPD Points

Course Overview

This AML eLearning course offers a comprehensive overview of anti-money laundering legislation. It will familiarise employees with the process of money laundering and the laws that make it a crime so that they can confidently recognise the red flags associated with criminal activity and combat the risks of non-compliance.

The course is designed to raise awareness and empower employees to make the right decisions in the fight against money laundering.

Course Details

  • Course duration: 55 minutes
  • CPD-certified online course
  • Certificate on completion
  • Created using the latest xAPI technology
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Course Contents

Our specialist anti-money laundering training course is designed to raise awareness and introduce money laundering as a genuine risk to employees. The course is structured as follows:

Legislation, Responsibility, and Policy
Legislation, Responsibility, and Policy
This module introduces the learner to a number of legislations that they need to be aware of. Understanding AML legislation enables learners to identify, report and prevent money laundering activities. This module also covers the roles, responsibilities and policies that organisations must have to comply.
What is Money Laundering?
What is Money Laundering?
This module looks at how money laundering can occur. It also explores what constitutes as criminal property, the scenarios in which a person could benefit from proceeds of crime, directly or indirectly, and the tactics used by criminals to deposit proceeds of crime into the financial system.
Identifying Unusual Activity
Identifying Unusual Activity
Employees in high-risk industries must be able to spot the signs of money laundering. There are a number of signs to look out for when dealing with both new and existing customers. This module covers the common red flags to look out for to identify unusual activity associated with laundered money.
Reporting Unusual Activity
Reporting Unusual Activity
Reporting unusual activity is a legal requirement under AML legislation. Knowledge or suspicion of money laundering activities must be reported correctly to avoid prosecution for inaction. This module examines the various reporting activities employees must take while assessing suspicious activity.
Accounting Red Flags
Accounting Red Flags
Money laundering can often be difficult to detect at the first transaction which is why it’s important to look out for accounting red flags. Employees working in accounts are the second line of defence against money laundering activities. This module covers spotting accounting red flags and reporting concerns.

Who Should Take This Course?

This general awareness course on anti-money laundering is recommended for employees at all levels but is particularly beneficial for employees within money services businesses (MSBs), which includes any organisations handling currency exchange, currency remittance, cheque cashing, foreign currency exchange services, and those processing traveller's cheques or pre-paid cards.

  • Accountants
  • Tax Advisers
  • Auditors
  • Insolvency Practitioners
  • Trust and Company Service Providers
  • Estate Agents
  • Employees in high risk industries
  • Money Handlers
  • Independent Legal Professionals

The Assessment

Learners are tested on their knowledge throughout the course with short quizzes and detailed feedback on the answers. At the end of each module, learners must take an assessment test with questions relating to real-life scenarios. To complete the module, learners must answer 80% of the questions correctly. Learners can also take the assessment again to improve their score.

2 Ways of Purchasing

You can purchase our courses individually or for even better value you can purchase the complete range of Compliance, Health and Safety or Performance Management courses in one neat bundle.

1. Individual Licenses

If you buy courses on an individual bases you pay a price per learner, per course per year. You can run these courses on your own LMS if Xapi/SCORM compliant or you can take them.

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2. Complete Bundle

Buy all of the Compliance, Health and Safety or Performance Management courses in one great value package and receive unlimited benefits.

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1. Individual Pricing

Number of Learners Cost (per year)
1 - 10 29 / per learner
11 - 20 25 / per learner
21 - 50 20 / per learner
51 - 100 15 / per learner
101 - 150 10 / per learner
150+ POA

Exchange rates are updated regularly but are only intended as a guide.

2. Complete Bundle Pricing

If you buy all the Compliance, Health & Safety or Performance Management in a complete bundle, all features come as standard, no matter the size of your organisation!

Number of Learners Cost (per year)
1 - 100 30 / per learner
101 - 200 25 / per learner
201 - 300 21 / per learner
301 - 400 18 / per learner
401 - 500 15 / per learner
501 - 750 12.50 / per learner
751 - 1000 10 / per learner
1001 - 2500 8 / per learner
2501 - 5000 6 / per learner
5000 - 10,000 5 / per learner
10,000 + POA
Included Features
  • All courses in our catalogue
  • New courses added regularly
  • Branded, downloadable posters
  • Customise Course Content for Your Team
  • Astute eLearning Platform
  • Regular course updates
  • Dedicated Account Manager
  • Unlimited help desk support

Exchange rates are updated regularly but are only intended as a guide. Prices are based on a 2 year contract.

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Why You Need AML Training

Each year, billions of pounds of criminal finances are laundered through the economy. Money laundering is the umbrella term used to describe the criminal process wherein illegally gained profits are processed (or 'laundered') to make them seem legitimate.

More often than not, laundered money is obtained from criminal activities like extortion, illegal gambling and drugs, and modern slavery. Criminals often launder money to disguise both its origin (to avoid prosecution, paper-trails, and taxes) and its final destination (the money is often used to fund further criminal activity such as terrorist activity and organised crime).

The impact of money laundering can be felt by a number of organisations within the regulated sector and their employees. These organisations can ensure compliance with anti-money laundering legislation by increasing awareness and enabling employees to confidently identify the red flags and signs of money laundering activity.

Why You Need AML Training

FAQ's

If you have any questions that are not covered here, please get in touch.

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What is money laundering?
Money laundering is the process of taking illegally obtained and often large sums of money and making it appear as it though it has come from legitimate sources. The money, often referred to as ‘dirty money’, is often generated through proceeds of crime such as drug trafficking and is ‘laundered’ to make it look clean.
Why is money laundering considered illegal?
Money laundering is illegal because it enables criminals to profit from crime and usually involves a number of illegal steps to take place. This includes attempts to conceal or disguise the nature, location, source, ownership, or control of the proceeds of crime. While the source of the money is what makes money laundering illegal, the act of laundering money is also illegal.
What are some of regulations under the UK anti-money laundering regime?
Regulations under the UK anti-money laundering (AML) regime include the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (to implement the changes required by the EU’s 5th Money Laundering Directive (5MLD), The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLR 2017), The Proceeds of Crime Act 2002 and The Terrorism Act 2000.

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