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You are here: Course Outline

Introductory Money Laundering Training for Regulated Businesses

Credits:1View Alternative Price Options
Course Code: AMLTGEN
No Dates Scheduled
If you would like to book this course please call us on 01752 725700 to discuss your requirements.

Course Aims and Objectives

This 90 minute introductory AML course for businesses in the money laundering regulated sector is available to watch right now. The Money Laundering Regulations 2007 require you:

  • to make all “relevant” staff aware of the law relating to money laundering and terrorist financing; and 
  • to give them regular training in how to recognise and deal with suspicious activities.

This course will meet the first requirement and provide the initial training in recognising and dealing with suspicious activities.

The course also includes an anti-money laundering test at the end to quiz the user's knowledge of the regulations. Users can also print a certificate on completion, enabling you to evidence their anti-money laundering training.

Who Should Attend

Since “relevant” staff will include anyone who may encounter suspicious activity we recommend that ALL principals and staff in the firm go through this training. We also recommend that it is included in the induction programme for all new employees in the firm.

Course Contents

  • Introduction to the need for Anti-Money Laundering training
  • Who is caught under the Money Laundering Regulations?
  • The process of laundering money 
  • Identifying and dealing with suspicious activity
  • When and where consent to continue is needed  
  • Tipping off and prejudicing an investigation
  • The need for risk assessments
  • Customer due diligence: the need for evidence of ID
  • Record keeping obligations
  • Know Your Client (KYC) and ongoing monitoring
  • Annual Compliance Reviews
  • Terrorist Financing
  • A short multi-choice test to ensure you have understood