Money laundering is an illegal act which can be conducted in a variety of settings, posing risks to both staff and businesses. This course covers the essentials about understanding what money laundering is, how it’s carried out, the surrounding legislation, and implications of money laundering to help staff recognise potential instances of money laundering and how to implement control measures.
This online course would be suitable for anyone who works in financial, credit, legal, or estate agency sectors and generally anyone working in a role that involves payments or money such as casinos or accountants.
By taking this course you will have a clear understanding into the key essential facts around money laundering, what money laundering is, the stages of money laundering and help identify money laundering in day to day business. This will help keep you and your business on top of the legislations and controls associated with anti-money laundering.
Who should take this course?
This course is aimed at anyone working in a role that involves payments or money. The course can be used as a general overview of the topic including the legislation and implications. The business sectors can include:
- Financial and credit businesses
- Independent legal professionals
- Accountants, tax advisers, auditors and insolvency practitioners
- Trust and company service providers
- Estate agents
What does this course cover?
This course covers a number of areas in relation to anti-money laundering practices and procedures, including vital information your staff will need to know. The topics covered include:
- What is money laundering?
- The stages of money laundering
- The institutions fined for inadequate controls
- The money laundering risks
- Why it is important to have adequate controls?
- Source of wealth and source of fund
- Politically exposed persons (PEPs)
- Reporting AML
- State what money laundering is
- Identify the three stages of money laundering
- Recognise the legislation regarding money laundering in the UK
- Identify industry types that are potential high risk areas within money laundering
- Define what a politically exposed person (PEP) is
Anti-Money Laundering Course Certificate
The end of course test consists of 15 multiple choice questions. Learners are required to achieve a 75% pass mark, and, if necessary, may attempt the test three times at no extra cost.
If learners do not achieve the 75% pass mark, further attempts may be given by contacting our support team.
Learners will be able to download a digital certificate on completion.