AML Training- Money Laundering Challenge

Take the challenge and test your knowledge of anti-money laundering regulation.

Key Learning Points:

  • How to deal with a suspicious transaction
  • What to do before working on a transaction
  • What are the consequences of not completing due diligence correctly
  • How can businesses prevent money laundering
  • What is the maximum penalty for money laundering
AML Training- Money Laundering Challenge
AML Training- Money Laundering Challenge
AML Training- Money Laundering Challenge
AML Training- Money Laundering Challenge
CPD Points

Course Overview

This engaging online training course is designed to raise awareness on the lengths people will go to make money laundering appear legitimate. In this interactive course, learners will understand how to prevent money laundering using a fictionalised case study.

The course is presented in the form of a challenge to confiscate laundered money from career criminal and hand it over as evidence to the police. Learn the tactics used by criminals to launder money and recognise the signs of money laundering activities.

By raising awareness, learners will be empowered to report suspicions and perform thorough due diligence and understand the significance of criminal property and the penalties.

Course Details

  • Course duration: 5 minutes
  • Online microlearning course
  • Gamified course
  • Certificate on completion
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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:

  • Accountants
  • Tax Advisers
  • Auditors
  • Insolvency Practitioners
  • Trust and Company Service Providers
  • Estate Agents
  • Money Handlers
  • Independent Legal Professionals

The Assessment

Learners will face a number of scenarios involving Frank, a career criminal with money laundering experience. During this challenge, learners will aim to confiscate laundered money to hand in as evidence. For every correct answer, learners will gain a portion of the cash to turn over to the police. Learners must take the right decisions and pass the challenge by collecting all five portions of cash.

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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What is Money Laundering?

Money laundering is the term used to describe a process whereby proceeds of criminal activity are made to look legitimate. In the process of money laundering, profits from such things as drug trafficking or terrorist activity are made to appear 'clean' so that its source and its destination can be concealed. It is important that all employees who could come into contact with money laundering activity know what checks to carry-out and what the warning signs of money laundering could be.

What is Money Laundering?

FAQ's

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

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What is a suspicious transaction?
It is any form of transaction or activity that triggers suspicion that it may be linked to money laundering. Some examples of suspicious transactions include activities involving funds above the threshold amounts, irregular amounts of cash deposits without legitimate source, numerous types of cash withdrawals, and deposits or withdrawals using fake identification.
How to prevent money laundering?
Always know your customer and carry out enhanced due diligence on customers to identify any risks they may pose. Ensure you are monitoring customer activity and looking out for any red flags associated with money laundering, such as large deposits without justifiable source or transferring money from high-risk countries. Finally, ensure you are training your employees to look out for the red flags and mitigate the risks by emphasising on the importance of AML.
What are some examples of money laundering?
Under the Proceeds of Crime Act (POCA) published in 2002, money laundering or attempting to launder money is an offence under sections 327-329 of the POCA. Some of the main money laundering offences include tax evasion, theft, fraud, bribery and corruption, and terrorist financing.

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