AML in Money Service Businesses

Anti-Money Laundering training for Money Service Businesses

Course Overview

Our specialist Anti-money Laundering for MSB's eLearning course is divided into six short-courses (or modules) so that learners can take and revisit specific topics as required. Each module tackles an important element in the fight against money laundering, focusing equally on current regulation standards and increased awareness as to the red flags and signs of money laundering activity. The course is broken-down into the following modules:

Legislation, Responsibility, and Policy
What is Money Laundering?
Identifying Unusual Activity
Reporting Unusual Activity
Travel and Corporate Customers
Accounting Red Flags
Decision Making

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Course Duration: 60 minutes

Available in: 1 Language

Tagged in: Anti-Money Laundering (AML) Training

Technical Requirements

CPD Points: Yes

Editable? Yes, using the Adapt Authoring Tool

What to Expect

Suitable for employees at all levels, our anti-money laundering short-courses cover the following information collectively:

What money laundering is and how and why it takes place
What constitutes a money laundering offence
What the 'regulated sector' is, and the role of the bodies that regulate it
An overview of unusual activities which may indicate money laundering taking place
What to look out for with both regular customers and new customers to spot signs of money laundering
A close look at money laundering legislation, e.g. POCA (Proceeds of Crime Act 2002), MAR (Market Abuse Regulations), and CFA (Criminal Finances Act 2017)
What the regulations require from 'relevant persons' in your organisation
The roles, responsibilities, and policies your organisation must put in place to comply with legislation
An in-depth look at the accounting 'red flags' that indicate a high-risk for money laundering activity
What transaction patterns are and how to stay aware of them

Pricing

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£ 29 / per learner
per course
per year

1+ User Licenses

11+ User Licenses

21+ User Licenses

51+ User Licenses

101+ User Licenses

For 150+ learners,

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

About

A money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. It's important that these organisations understand and can meet the special legal requirements placed on them as these exist to help battle organised crime and terrorist financing in the UK and beyond. Some of these requirements place additional duties and responsibilities on organisations operating within the regulated sector because of the high-risk nature their work.

Pricing

Great Value Package

Our Compliance Essentials Suite includes all of our compliance training in one neat bundle, as well as access to our 'Take 5' microlearning courses (compact five-minute courses in the form of challenges, presentations, and short games). The suite also includes regular course updates to ensure compliance with new legislation and working practises.

What's more, our intelligent eLearning platform Astute makes it easy to evaluate learners progress, providing detailed audit trails and infographics analytics.

What's included

Access to all Compliance eLearning for One Great Price
Innovative Astute eLearning Platform
New Courses Added Regularly
Regular Course Updates
Downloadable Posters and Assets
Dedicated Account Manager
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Unlimited Help Desk Support

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