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Anti Money Laundering AML Fundamentals

European Institute of Management and Finance

Summary

Price
£60 inc VAT
Or £20.00/mo. for 3 months...
Study method
Online
Duration
2 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free

Overview

An introductory course that provides a Certificate of Attendance, aimed at professionals in the Financial, Legal, Accounting, and Fiduciary sectors that want to get to grips with the basics of AML.

Course media

Description

Participants in this course will learn the fundamentals of anti-money laundering measures that must be taken by organisations such as financial institutions, lawyers and other regulated entities.

What is money laundering is and how it is performed? Questions like this will be analysed within this course, and participants will learn how this phenomenon has been addressed over the years through standards set by international bodies and their subsequent adoption by legislators and regulators across the world.

The key principle of applying a risk based approach to money laundering will be the main focal point in this course. Delegates will discover how this is applied through different due diligence measures according to risk indicators and learn concepts such as Know Your Client (KYC) and Politically Exposed Persons (PEPS).

Presenters will address some of the challenges of identifying the ultimate beneficial owner (UBO) especially if the client is a large corporate structure. Further issues that will be discussed are the monitoring of clients’ activities and reporting of any suspicions with respect to money laundering. A final and very important matter that will be examined are penalties that are associated with laundering of illicit funds and how in some cases people who are non-perpetrators may also fall under criminal conviction.

Who is this course for?

Junior compliance and AML Compliance officers of Banks, Funds, Fund Managers, Investment Firms, and other Financial Institutions.

Consultancy and fiduciary services providers catering towards the financial services sector.

Executive and Non-Executive Directors of Financial Institutions that want a refresher on AML.

New-entrants to the sector that want to obtain a certificate of AML Knowledge

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

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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.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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