Anti-Money Laundering for busiuness

Anti-Money Laundering

Rated by learners
5/5

This Anti-Money Laundering course meets the tough AML legislation for those individuals who work in the financial sector in the United  Kingdom & recognised internationally.

Approved by CPD & Institute of Hospitality

This Anti-Money Laundering course provides a solid understanding of money laundering, Due Diligence, Internal Controls, and Monitoring. It’s particularly useful for those working in the financial services sector and covers the UK’s regulations on financial crime prevention. The training focuses on reporting suspicious activity to help staff fulfil their obligations and align with legislation.

Money laundering is a serious criminal problem worldwide, with an estimated £40 billion laundered through the UK annually, equating to over £100 million daily. If you work in the financial services sector, it is crucial to understand the UK’s regulations on financial crime.

This Anti-Money Laundering course provides a far-reaching overview of money laundering, including related offences such as tax evasion, theft, fraud, bribery, and financing of terrorism. You’ll learn to identify the warning signs of illegal activity and the links between money laundering and financial institutions. The the Anti-Money Laundering course you’ll also explore the regulated sector’s methods of combating money laundering, including compliance, due diligence, and record-keeping.

This course helps companies prevent financial crime, including money laundering. It’s useful for regulated firms and those not subject to regulation but at risk of being used in money laundering.

In summary, the Anti-Money Laundering course examines the internal controls, and monitoring companies use to fight against money laundering, including policy statements, effective reporting systems, and staff responsibilities.

 

 

 

This Anti-Money Laundering online course is approved by:

 

 CPD certification service :

The CPD certification service helps organisations to formalise their expertise into a structured and recognised approach in learning. This conforms the course content is alilgned to the universally accepted Continuing Professional Development (CPD) guidelines.

 

Institute of Hospitality:

This is a professional body for managers and aspiring managers working and studying in hospitality, leisure and tourism sectors. The institute helps the managers to become the most demanded manaagers within the industry. This recognition makes this course demanding for accomodation managers, catering managers, chef, conference centre managers, event managers, fast food restaurant managers, hotel managers, public house managers, restaurant managers, retail managers and even for apprentices.

Upon completion of this course, you will be able to achieve the following learning objectives:

  • Recognise and identify key legislations related to money laundering and its connection with other offences.

  • Define the term “money laundering,” its causes, and its effects on various aspects, including businesses and the economy.

  • Understand the concept of due diligence and its regulations, along with the relevant regulators to be consulted.

  • Evaluate internal controls to reduce and monitor activities that lead to money laundering.

  • Recall employee responsibilities in implementing internal control, detecting signs of money laundering, and reporting concerns.

  • Explain the concepts of money laundering, bribery, tax evasion, and terrorist fundraising and comprehend their impact on the financial services sector and the economy as a whole.

  • Identify and clarify the laws governing money laundering.

The Anti-Money Laundering (AML) course is designed for:

 

  • Individuals who work or want to work in the financial industry

  • Other financial institutions

  • Banking professionals

  • Insurance professionals

  • Accounting professionals

  • Law enforcement officials who are involved in preventing, detecting, and reporting money laundering activities

  • Regulators who oversee AML compliance

  • Bookkeepers

  • Estate agents

  • Those in the gambling industry

  • Operational or front-line staff

  • Regulated sector

  • Those looking after a company or organisation’s finances

  • Those who sign off invoices or handle the hiring of new suppliers

  • Anyone in these areas who deals with customers and clients.

Over five modules, this course will help you understand how to handle AML and areas of the law that deal with financial crime prevention.

Module 1-  Introduction: 

This section covers the basic of money laundering along with the relevant legal aspects. It also covers areas of the law that deal with financial crime prevention and is intended to provide a background for firms subject to Money Laundering Regulations.

Module 2- The Law 

This module explains Identify the critical pieces of legislation regarding money laundering and its relation to other offences.

Module 3- Money-Laundering

This section details what money laundering is and how illegal money is placed into the system. It also looks at the regulations and why they play an essential role.

Module 4-Due Diligence

In this module, the course looks at the different types of due diligence that should be performed to prevent money laundering. You’ll understand the concept of due diligence, the applicable regulations, and the regulators that can be consulted.

You’ll understand the concept of due diligence, the applicable regulations, and the regulators that can be consulted.

Module 5-Internal Controls and Monitoring

This module emphasises the importance of employee responsibility in recognising signs of money laundering, applying internal controls, and reporting concerns to comply with AML regulations and prevent financial crime.

 

 

At the end of this Anti-Money Laundering course there is a multiple-choice exam. The required pass mark for all modules is 70%. It is essential to achieve the requried pass mark to issue a certificate.

Retake information :

You will be given 3 attempts at each module. If a module is failed on the third attempt,
it will become locked and you need to contact us for the module to be
unlocked again. You are only permitted up to 3 extra attempts per
course.

You can take the exam up to 3 times, and if not successful, should repay the course fee and start again.

Course Duration:

50 minutes (Note: This is based on the amount of video content shown and is rounded off.

It does not account in any way for loading time or thinking time on the questions).

 
After successful completion of the Anti-Money Laundering course you will get an accredited Certification of Completion from Course Central. This can be downloaded from you dashboard.
 
Your can order printed course certificate to be delivered by post.  Once successfully the order is placed you can expect the certificates to arrive within 5-7 working days in UK and Europe. For rest of the world it can take upto 12 working days.
 
 

 

This entirely online course can be accessed from any device with the following system specifications:

    Browser: Up to date web browser
    • Video: Up to date video drivers

    • Memory: 1Gb+ RAM

    • Download Speed: Broadband (3Mb+)

 

Course FAQ

An approved course is a skills based course which has been checked over and approved by an independent awarding body. Approved courses are not regulated so do not result in a qualification. However, the Certificate of Completion and Transcript for the course showing the awarding body’s logo  confirms that you have the best knowledge and skill for the job role.

 

There are no prerequisites for this course. However, it is advised have at least Level 1 understanding for a Level 2 course  and  a Level 2 understanding for a Level 3 course. This helps to contextualise the content delivered through the course and ensure effective learning.

Having a minimum literacy, numeracy, English  as the course content in mainly in Enfglish.

A basic understanding of how to use a website through your device to access, attend and complete assessments will benefit the user.

 

Your course will be assigned to you within 24 hours upon successful completion of your purchase.

CPD is your Continuous Professional Development, an investment you make in yourself. It helps to keep your skills and knowledge up to date to prepare yourself for the greater responsibilities you want. We have a range of CPD courses for you to complete online.

Once you achive 70% pass mark for all modules you’ll be able to see your digital certificate straightaway. We can email you the digital certificate within 24 hours. It is essential to achieve the requried pass mark to issue a certificate.

You can take the exam up to 3 times, and if not successful, should repay the course fee and start again.

We also have option for you to order printed course certificate to be delivered by post to your work or home address.  Once successfully the order is placed you can expect the certificates to arrive within 5-7 working days in UK and Europe. For rest of the world it can take upto 12 working days.

You can always buy this course for your team members. Please let us know about your business training needs. You also gift this course to your family and friends. Just let us know after successful purchase of the course.

This course will aid refresher training. It will give evidence of an understanding for staff induction. It will evidence awareness and improve your knowledge supporting your current skillset.

How this course works?

Step 1: Purchase and payment
Choose all necessary courses and follow our checkout process to pay using your Debit or Credit card.

Step 2: Course Access

Upon successful payment, please look for an email from [email protected] for your course access detail. For single-course purchases, you'll have unique access details. When you purchase more courses, they will be added to your account.
If you purchase multiple courses for your team, all the access details will be emailed to the team members.

Step 3: Certificate

Once you complete your course, you'll receive a PDF certificate instantly. However, you can order the printed certificate, and we will send a hard copy of your certificate to your UK postal address. This might take 5-7 working days, although we will try to deliver it as soon as possible.

Please note: if your company pays by invoice, we can only issue certificates after your order has been fully paid.

Step 4: Support

Our friendly Learner support team is happy to help at any stage of your course. Call us on 0203 488 1760 (Mon - Fri: 10 pm - 4 pm | Excluding Bank Holidays) or contact [email protected]. Alternatively, have a look into our support page for useful information and guidance to complete your course.

What others say about this course:

Samantha Briggs
Samantha BriggsMakes me feel more confident
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Love that I can log in and out when I want to complete the course and can go back to re learn when and if needed. Course central makes me feel relaxed and at eased and gives me more confidence in knowing I can learn at my own pace. Highly recommended course central and can't wait to choose what course to do next.
A.
A.Good quality trainings
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Good quality trainings are available. Ideal if you want to learn something new for a reasonable price.
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