Anti-Money Laundering Training Course

Anti-Money Laundering and Compliance Procedures and Requirements

What you'll learn

1. Understanding the fundamental principles of anti-money laundering (AML) and compliance: students will be able to grasp the core concepts and principles under

2. Developing skills for risk assessment and mitigation: through this course, students will be equipped with the necessary skills to assess and mitigate money l

3. Gain knowledge of AML and compliance regulations and best practices: through this course, students will acquire a comprehensive understanding of relevant AML

4. Applying AML and compliance strategies in practical scenarios: students will be able to learn how to apply their knowledge and skills in real-world scenarios

Requirements

This is a beginner level course, and can be accessed by anyone with introductory to basic levels of knowledge regarding Anti Money Laundering and compliance processes. The course requires an intermediate level of understanding and comprehension of the English language. Some prior experience and knowledge of AML is required, but the course will teach students everything else they need to know.

Description

The benefits of this course for students include:1. Understanding the fundamental principles of anti-money laundering (AML) and compliance: students will be able to grasp the core concepts and principles underlying AML and compliance efforts, including the identification, prevention and detection of money laundering activities. They will become familiar with key terms, regulations and guidelines that govern AML and compliance practices.2. Developing skills for risk assessment and mitigation: through this course, students will be equipped with the necessary skills to assess and mitigate money laundering risks effectively. This includes the ability to identify potential vulnerabilities within financial systems, evaluating the risk levels associated with different transactions and customer profiles, and how to implement appropriate measures to mitigate those risks.3. Gain knowledge of AML and compliance regulations and best practices: through this course, students will acquire a comprehensive understanding of relevant AML laws, regulations and best practices at both the national and international levels. They will be made familiar with the regulatory frameworks governing financial institutions, the reporting requirements for suspicious activities, and the obligations of different stakeholders in preventing money laundering.4. Applying AML and compliance strategies in practical scenarios: students will be able to learn how to apply their knowledge and skills in real-world scenarios related to AML andcompliance. They will be taken through an understanding of AML concepts such as risk based approach, name screening and transaction monitoring. This objective emphasises the practical application of learned concepts to develop critical thinking and problem-solving capabilities.

Overview

Section 1: Introduction

Lecture 1 Introduction to course

Lecture 2 What is money laundering?

Lecture 3 The three stages of money laundering

Lecture 4 Designated or predicate offences

Lecture 5 Why is money laundering bad?

Lecture 6 What makes money laundering easier?

Section 2: Section 2: AML and CFT Regulations

Lecture 7 AML & CFT Regulations

Lecture 8 Managing Risk

Section 3: Section 3: Know Your Customer/Know Your Business

Lecture 9 Section 3: Know Your Customer

Section 4: Section 4: Name Screening

Lecture 10 Name Screening

Section 5: Section 5: AML Investigations

Lecture 11 AML Investigations

Section 6: Test your knowledge

This course is designed for individuals who work in financial institutions such as banks, credit unions or investment firms, as well as professionals in other sectors vulnerable to money laundering risks, such as insurance companies, real estate agencies or even multi-national corporations. This course is essential for compliance officers, risk managers, auditors and anyone involved in the financial industry who needs to or wants to have a comprehensive understanding of AML regulations and best practices. Additionally, this course is suitable for individuals seeking to enhance their knowledge and skills in AML and compliance, such as law enforcement officials, consultants or the like – who can benefit greatly from taking this course. Overall, anyone responsible for ensuring the integrity of financial transactions and preventing money laundering activities would greatly benefit from this course. It is suitable for entry-level positions for individuals in any of the aforementioned roles, it is not for anyone seeking advanced certification in the field.