Anti-Money Laundering (AML) and MLRO
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Wisdom Learning Limited
Summary
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Overview
AML and MLRO
Our course, "AML and MLRO : Ensuring Compliance in the UK," offers essential knowledge and skills for professionals in the financial services sector. Tailored to the UK regulatory framework, this comprehensive AML and MLRO course covers the fundamentals of Anti-money laundering (AML) regulations, including legal frameworks, risk-based approaches, and transaction monitoring. Participants will learn about the roles of Money Laundering Reporting Officers (MLROs) and gain insights into suspicious activity reports (SARs) and the National Crime Agency's (NCA) role. Equipped with this expertise, participants can effectively safeguard their organisations from financial crime, regulatory breaches, and reputational damage.
Key Features- AML and MLRO
This AML and MLRO includes the following offers:
- AML and MLRO - Instant Free Certificates
- Self-paced learning
- 24/7 Support
Enrol on our AML and MLRO course to gain a comprehensive understanding of AML and MLRO.
Curriculum
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Module 1: Introduction to AML in the UK 07:00
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Module 2: AML Legal Framework 07:00
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Module 3: Risk-Based Approach to AML 07:00
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Module 4: Enhanced Due Diligence (EDD) 07:00
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Module 5: AML Compliance Program Development 04:00
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Module 6: Technology and Data Analytics in AML 05:00
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Module 7: Transaction Monitoring and Suspicious Activity Reporting 06:00
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Module 8 MLRO (Money Laundering Reporting Officer) 09:00
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Module 9 SAR (Suspicious Activity Reports), NCA (National Crime Agency) 16:00
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Module 10: Law and Acts of AML in the UK 18:00
Course media
Description
AML and MLRO Learning Outcomes:
Upon completion of this AML and MLRO course, participants will:
- Understand the fundamentals of (AML) regulations in the UK, including the evolution of legislation and the impact of money laundering on the financial system.
- Gain comprehensive knowledge of the legal framework governing AML, including key acts such as the Proceeds of Crime Act (POCA) and Terrorism Act and the obligations under the Money Laundering Regulations (MLR).
- Learn how to implement a risk-based approach to AML compliance, including conducting risk assessments, developing risk profiles, and implementing risk-based customer due diligence measures.
- Acquire skills in conducting enhanced due diligence (EDD), identifying high-risk customers and transactions, and leveraging technology for enhanced risk management.
- Develop the ability to design and implement effective AML compliance programmes, including policies, procedures, and monitoring mechanisms for ongoing compliance.
- Understand the role of technology and data analytics in AML compliance, including utilising data analytics for suspicious activity detection and adopting AML technology solutions.
- Learn the principles of transaction monitoring, identifying red flags, and the procedures for suspicious activity reporting.
- Gain insights into the role and responsibilities of Money Laundering Reporting Officers (MLROs), including their obligations under AML laws and reporting obligations.
- Understand the process and significance of suspicious activity reports (SARs), including legal requirements, submission procedures, and the role of the National Crime Agency (NCA).
- Gain knowledge of AML legislation in the UK, key frameworks, and the roles of regulatory bodies and enforcement agencies such as the Financial Conduct Authority (FCA), HM Revenue & Customs (HMRC), and the NCA and (JMLIT)
How this Course Can Help (UK): By completing this AML and MLRO course, participants will be equipped to:
- Ensure compliance with AML laws and regulations, reducing the risk of financial penalties and reputational damage for their organisations.
- Implement effective risk-based AML compliance programmes tailored to the specific needs and risks faced by their businesses.
- Identify and mitigate the risks associated with money laundering and terrorist financing activities.
- Fulfil reporting obligations, including the timely submission of suspicious activity reports (SARs) to the National Crime Agency (NCA).
- Enhance their career prospects by acquiring in-demand skills and knowledge in the field of AML compliance.
- Contribute to the overall integrity and stability of the UK's financial system by actively combating financial crime.
AML and MLRO Certificate
Upon completing the AML and MLRO Course, you will receive an instant AML and MLRO certificate from Reed.
Who is this course for?
This AML and MLRO course is designed for professionals working in the financial services sector in the UK, including, but not limited to:
- Compliance Officers
- Risk Managers
- Legal Counsel
- Financial Analysts
- Audit and Internal Control Professionals
- MLROs and Deputy MLROs
- Employees of banks, financial institutions, insurance companies, and other regulated entities
Requirements
AML and MLRO
- Learners with no prior AML and MLRO knowledge may enrol in this AML and MLRO course.
- This AML and MLRO course has no requirements.
Career path
AML and MLRO
AML AND MLRO training offers a unique opportunity to gain valuable skills and advance your career
Questions and answers
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Certificates
Reed Courses Certificate of Completion
Digital certificate - Included
Will be downloadable when all lectures have been completed.
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.