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You are here: Course Outline

Introductory Money Laundering Training for Accountants 2018

Credits:1View Alternative Price Options
Course Code: AML
Schedule

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Course Aims and Objectives

This introductory AML course for accountants and tax advisers is available to watch right now.

The Money Laundering Regulations 2017 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 Content

  • Introduction to the need for Anti-Money Laundering training
  • The process of laundering money
  • Identifying and dealing with suspicious activity
  • When and where consent to continue is needed 
  • The exemption from reporting in privileged circumstances
  • Tipping off and prejudicing an investigation
  • The need for risk assessments
  • Customer due diligence: the need for evidence of ID
  • Know Your Client (KYC) and ongoing monitoring
  • A short multi-choice test to ensure you have understood

 N.B. This course is an introductory course and so does not cover more complicated issues, nor does it specifically refer to the differences between the 2007 and 2017 regulations.

 For information on the changes brought in by the 2017 regulations, please see the SWAT course “Money Laundering 2017 Regulations - What changes are needed in practice” (https://www.swat.co.uk/CourseOutline.aspx?course_id=3529).