AML in UK Private Banking & Wealth Management: CDD, EDD, SARs & FCA Compliance

Training Express Ltd

• AML in UK Private Banking & Wealth Management: CDD, EDD, SARs & FCA Compliance 48:47

  • 1: Module 1 Introduction to AML & Regulatory Landscape 08:14
  • 2: Module 2 Risk-Based Approach in Private Banking 07:04
  • 3: Module 3 Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD) 07:17
  • 4: Module 4 Transaction Monitoring & Suspicious Activity Reporting 08:21
  • 5: Module 5 Emerging Threats & Technology in AML 08:01
  • 6: Module 6 AML Program Design, Governance & Ethics 08:50
  • 7: AML in UK Private Banking & Wealth Management: CDD, EDD, SARs & FCA Compliance 01:00

This online course provides a clear understanding of AML in UK Private Banking & Wealth Management, focusing on regulatory compliance, client due diligence, and suspicious activity reporting. Financial crime risks remain a major concern in private banking due to complex structures, high-value transactions, and cross-border activity.

Private banking and wealth management professionals often work with high-net-worth individuals, trusts, family offices, and politically exposed persons. These relationships require strong CDD, EDD, and transaction monitoring processes to meet FCA and MLR obligations. This course is ideal for compliance staff, banking professionals, risk analysts, and those involved in client onboarding or review.

The course covers the UK AML framework, risk-based approaches, client verification, beneficial ownership, transaction red flags, and SAR submission requirements. Learners will explore case studies from private banking and wealth management settings, understand the responsibilities of MLROs and senior management, and develop confidence in handling complex compliance scenarios.

Course Curriculum :

Module 1: Introduction to AML & Regulatory Landscape

• AML Fundamentals – Definitions, Key Concepts, Money Laundering Stages
• UK Regulatory Framework – MLR 2017 (2025 amendments), FCA, HMRC, FATF guidelines
• Global Standards & Cross-Border Coordination – FATF recommendations, EU directives, international enforcement
• Roles & Responsibilities – Compliance officers, relationship managers, MLROs, board-level obligations

Module 2: Risk-Based Approach in Private Banking

• Understanding PBWM-Specific Risks – High-value transactions, complex structures, family offices
• Customer Risk Assessment – Risk scoring, CDD & EDD processes, PEPs, HNWIs
• Product & Transaction Risks – Investment products, alternative assets, cross-border transactions
• Risk Mitigation & Monitoring – Proportional controls, red flags, escalation protocols

Module 3: Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)

• CDD Fundamentals – Verification, ID/KYC procedures, record-keeping
• EDD for High-Risk Clients – PEPs, politically sensitive industries, complex ownership structures
• Beneficial Ownership & Trusts – Family offices, foundations, offshore structures
• Ongoing Monitoring & Review – Transaction analysis, alerts, continuous risk assessment

Module 4: Transaction Monitoring & Suspicious Activity Reporting

• AML Typologies & Red Flags – Fraud, layering, structuring, trade-based laundering
• Transaction Monitoring Systems – Technology, AI/RegTech integration, alerts prioritization
• Suspicious Activity Reporting (SARs) – UK requirements, format, escalation, deadlines
• Case Studies – Real-world PBWM examples, regulatory enforcement, lessons learned

Module 5: Emerging Threats & Technology in AML

• Digital Assets & Crypto AML Risks – Wallets, exchanges, private portfolios
• AI & Automation in Transaction Monitoring – Risk scoring, anomaly detection, predictive analytics
• Sanctions & Compliance Technology – Screening, regulatory updates, automated alerts
• ESG & Financial Crime Nexus – Sustainable investing, greenwashing, and reputational risks

Module 6: AML Program Design, Governance & Ethics

• AML Program Structure – Policies, procedures, internal controls, audit readiness
• Governance & Senior Oversight – Board responsibilities, MLRO accountability, escalation frameworks
• Training, Culture & Staff Engagement – Embedding compliance culture, continuous learning, role-specific modules
• Ethical Decision-Making & Scenario Simulations – Balancing business objectives with AML obligations, complex case exercises

Accreditation

Our course is fully CPD-accredited, providing you with up-to-date skills and knowledge and helping you to become more competent and effective in your chosen field.

Certification

Once you’ve completed your course, you will immediately be sent a FREE CPD-accredited digital certificate, titled: AML in UK Private Banking & Wealth Management: CDD, EDD, SARs & FCA Compliance. You will also get a FREE hardcopy certificate (Shipping cost £5.99).

Recommended renewal

This certificate does not have a fixed expiration date. However, in accordance with industry best practice guidelines, it is recommended that the certification be renewed every 3 years.

• Private bankers handling high-value client relationships
• Wealth managers onboarding high-net-worth individuals
• Compliance officers in financial services firms
• KYC and due diligence analysts
• Relationship managers handling complex ownership structures

• AML Compliance Officer
• Financial Crime Analyst
• KYC / CDD Analyst
• Enhanced Due Diligence Analyst
• MLRO Support Officer
• Private Banking Compliance Associate
• Wealth Management Risk Officer

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