Anti-Money Laundering | E-Learning

Anti-Money Laundering: E-Learning

Money laundering is not a victimless crime, and involvement, however unwitting, carries serious consequences.

The Proceeds of Crime Act 2002 created a broad range of money laundering offences, including the criminal offence of failing to disclose knowledge or suspicion of money laundering activity. In sectors where large sums change hands, including financial services, legal practice, estate agency, accountancy, high-value goods and some aspects of retail, the obligation to have trained, alert staff is both a legal requirement and a first line of defence.

This CPD-approved online course provides employees with a clear, practical understanding of what money laundering is, how it operates, and what their responsibilities are if they encounter or suspect it in their work.

What You Will Learn

• What money laundering is, and the three stages of the laundering process: placement, layering and integration
• The “regulated sector” as defined by the Proceeds of Crime Act 2002, and why this matters for your organisation
• The main money laundering offences under the Proceeds of Crime Act 2002 and the Terrorism Act 2000, including tipping off and failure to disclose
• Common methods of money laundering, including cash-intensive businesses, trade-based laundering and the use of shell companies
• The connection between money laundering and related offences, including tax evasion, theft, fraud, bribery and terrorist financing
• Red flags: the transactional, behavioural and relationship-based signals that may indicate money laundering activity
• Customer due diligence (CDD) and Know Your Customer (KYC): what the regulated sector is required to do, and why
• Record-keeping and compliance obligations
• How to make a Suspicious Activity Report (SAR), when to make one, and to whom

Course Details

Certificate:

• PDF format certificates are issued as standard, as soon as you complete the course.

Course duration:

• The course includes around 50 minutes of video lead learning.

Test:

• This Anti-Money Laundering course is tested online & you’ll need to gain a minimum of 70% in each of the modules to pass.
• You will undertake a multiple choice exam at the end of the course with short tests throughout to help cement your learning.

Pre-requisites:

• We recommend that you have a reasonable understanding of English & maths (e.g. GCSE grade D/Level 1) before undertaking this course.

Candidates:

• Purchase a place for yourself, or purchase a bundle for your colleagues.

Geographical coverage:

• The Anti-Money Laundering course is available to candidates in the UK.
• The course can be delivered in other countries however candidates should be aware that the content was developed in accordance with current UK practice, protocols & guidance.

Venue:

• The Anti-Money Laundering course can be run on any electronic device, but we recommend that a laptop/desktop is used to ensure that you can see the screen clearly.

Joining instructions:

• Shortly after you purchase your place on the course, we will email you your login details for the course.
• Visit this page to read the course joining instructions including everything you need to know about our e-learning courses.

Links:

• Anti-Money Laundering – GOV.UK