Anti-Money Laundering

Money laundering is the process through which criminals disguise the origins of money obtained through illegal activities such as drug trafficking, fraud, corruption, tax evasion, or organised crime. The aim is to make “dirty” money appear legitimate so that it can be used openly without attracting the attention of law enforcement or financial institutions.

Overview

By the end of the course, learners will:

• Understand the purpose and importance of Anti-Money Laundering (AML) regulations within the UK.
• Recognise the stages of money laundering and the methods used to conceal criminal proceeds.
• Gain knowledge of key legislation, including the Proceeds of Crime Act (POCA) and the Money Laundering Regulations.
• Develop the ability to conduct customer due diligence (CDD) and apply Know Your Customer (KYC) procedures effectively.
• Identify red flags and suspicious activities that may indicate money laundering or terrorist financing.
• Follow correct reporting procedures, including how to submit Suspicious Activity Reports (SARs).
• Contribute by strengthening organisational compliance and reducing financial crime risk.

Accreditation

This course is CPD Certified

Learning Aims & Outcome

This can include a variety of tasks, such as:

• Provide learners with a comprehensive understanding of Anti-Money Laundering (AML) regulations and their significance in preventing financial crime.
• Equip professionals with the skills required to identify, assess, and report suspicious activities in line with legal and organisational requirements.
• Strengthen organisational compliance by ensuring staff understand their responsibilities under UK AML legislation.
• Develop confidence in applying due diligence procedures and recognising potential money laundering risks.

Duration

Online 2 - 3 Hours

Assesment

The online assessment is taken on completion of the training material. You will be asked 20 multiple choice questions with a pass mark of 100%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the test as many times as you need with no extra charge.