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Anti-Money Laundering (AML) Training Course - Level 3 - CPD Accredited

CPD Accredited Anti-Money Laundering (AML) Training Course | Full Tutor Support | Instant Result | No hidden fees


One Education

Summary

Price
Save 97%
£10 inc VAT (was £370)
Offer ends 21 September 2019
Study method
Online, self-paced
Duration
13 Hours
Access to content
12 Months
Qualification
15 CPD points / hours
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

274 students purchased this course

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Overview

If you are working or aspiring a career in the financial industry, this Anti-Money Laundering (AML) Training Course is a must for you. This course will not only help you with detecting and preventing financial crime like money laundering but also help you understand the vulnerability of your firm to this crime.

Sign up now and get familiar with various fraud prevention tactics and systems to combat increased money laundering risk.

To disguise money that’s been obtained illegally, criminals will often launder their money into more legitimate businesses. Money laundering has potentially devastating economic, security, and social outgrowths, so to prevent this, a set of procedures, laws and regulations were developed – this is known as Anti-Money Laundering (AML).

This Anti-Money Laundering (AML) Training Course is highly recommended for improving your knowledge of money laundering, why it is an unauthorised activity and how a massive amount of money is laundered every year by criminals through different methods. Through this Anti-Money Laundering (AML) Training course, you’ll understand the impacts of money laundering, followed by the different stages and signs of money laundering. In addition to that, in this Anti-Money Laundering (AML) training course you’ll be taught about the laws regarding money laundering, anti-money laundering policy and the strategies for limiting this crime.

Highlights of the Anti-Money Laundering (AML) Training:

  • Define and get a firm understanding of Money Laundering and how it works.
  • Understand the economic and social consequences of Money Laundering and explore various methods of Money Laundering.
  • Gain a holistic understanding of the Anti-Money Laundering (AML) systems and ways to identify and report on suspicious transactions.
  • Grasp the concept of Financial Inclusion and why it is relevant.
  • Explore different fraud prevention tactics for money transfers and design effective systems to combat increased Anti-Money Laundering (AML) risk.
  • Design and implement money-laundering prevention policies and guidelines for your business.

Course media

Description

Why Choose this Anti-Money Laundering (AML) Course:

  • This best ever Anti-Money Laundering (AML) course is suitable for anyone interested in working in this sector or who simply wants to learn more about the topic. If you’re an individual looking to excel within this field then Anti-Money Laundering (AML) Training course is for you.
  • We’ve taken this comprehensive Anti-Money Laundering (AML) course and broken it down into several manageable modules which we believe will assist you to easily grasp each concept – from the fundamental to the most advanced aspects of the Anti-Money Laundering (AML) Training course. It really is a sure pathway to success.
  • All our courses offer 12 months access and are designed to be studied at your own pace so you can take as much or as little time as you need to complete and gain the qualification.
  • We pride ourselves on having friendly and experienced instructors who provide full weekday support and are ready to help with any of your queries. So, if you need help, just drop them an email and await a speedy response.

Course Curriculum

This Anti-Money Laundering (AML)course is designed with the following modules:

Module 1: What is Money Laundering?

  • Understanding Money Laundering
  • Stages of Money Laundering
  • Examples of Money Laundering

Module 2: More Definitions of Money Laundering

  • What the FATF is
  • How criminals use funds without drawing attention
  • The Palermo Convention
  • Concepts in money laundering
  • International standard for Anti-Money Laundering (AML) and CTF activities
  • What terrorist financing is and its link with money laundering

Module 3: How Money Laundering Works

  • The 3 Stages of money laundering cycle
  • Where the money goes
  • How cash transactions are structured

Module 4: The Economic and Social Consequences of Money Laundering

  • Areas where money laundering impact is significant
  • How money laundering increases crime and corruption
  • How money laundering weakens financial institutions
  • How money laundering leads to economic instability
  • Impact of money laundering on a country’s reputation and social costs.

Module 5: Methods of Money Laundering

  • How funds are transferred electronically
  • Why correspondent banking is vulnerable to money laundering

Module 6: Payable Through Accounts

  • What is PTA
  • How PTA differs from normal correspondent accounts
  • Elements for PTA that can endanger money laundering defence

Module 7: Concentration Accounts

  • What concentration accounts are and their use
  • Anti-Money Laundering (AML) practices for concentration accounts
  • Private banking and it’s vulnerabilities to money laundering
  • Concerns in private banking regarding corrupt PEPs

Module 8: Structuring

  • Understanding the method of structuring
  • How foreign money brokers conduct structuring
  • Cuckoo smurfing
  • Micro-structuring

Module 9: Bank Complicity

  • How money laundering can be facilitated by a corrupt bank employee
  • Credit unions or building societies

Module 10: Non-Bank Financial Institutions

  • What the credit card industry includes
  • How money remitters transfer money
  • How criminal cash can transit through money exchange

Module 11: Insurance Companies

  • How the insurance sector is vulnerable to money laundering
  • Real life examples
  • Difficulties dealing with launderers in the security field

Module 12: What is Financial Inclusion?

  • Why financial inclusion in important
  • State of financial inclusion

Module 13: Anti Money Laundering (AML)

  • What Anti-Money Laundering (AML) Compliance program must include
  • Steps required for regular Policies
  • What files should contain

Module 14: Record Keeping

  • Recordkeeping requirements for money transfers
  • Some examples of recordkeeping situations

Module 15: High Currency Amount Transaction Reporting

  • How money launderers structure their high currency transactions
  • Examples of structuring

Module 16: Suspicious Transaction Reporting

  • Reasons to suspect
  • Filling requirements
  • Record keeping
  • Examples of suspicious activity

Module 17: Fraud Prevention for Money Transfers

  • Steps to prevent money transfer fraud
  • Example of agent and customer fraud-related activity

Module 18: Terrorism Financing Prevention

  • Examples of indication of terrorism financing
  • International government watch list
  • Penalties for violators of Anti-Money Laundering (AML) laws and regulations

Module 19: Designation of a Compliance Officer

  • Responsibilities of a compliance officer
  • Training involved
  • Anti-Money Laundering (AML) criminal framework, the crime of money laundering and who can be prosecuted
  • Regulatory framework and requirements
  • OFAC penalties

How is the Anti-Money Laundering (AML) course assessed?

To successfully complete the Anti-Money Laundering (AML) course you must pass an automated, multiple-choice assessment. The assessment is delivered through our online learning platform. You will receive the results of your assessment immediately upon completion of Anti-Money Laundering (AML) course.

While I receive a certificate of completion?

Upon successful completion of Anti-Money Laundering (AML) course you will qualify for the UK and internationally-recognised professional qualification and you can choose to make your achievement formal by obtaining your Certificate at an additional cost.

Who is this course for?

Whether you’re an existing practitioner or aspiring professional, this Anti-Money Laundering (AML) course will enhance your expertise and boost your CV with key skills and an accredited qualification attesting to your knowledge.

What our learners say:

Elliot Rice

"This Anti-Money Laundering (AML) is a really fascinating course with a lot of useful lessons about anti-money laundering. I found the format of the modules easy to understand, and when I did get stuck, I was able to access the interactive student learning portal where I could receive 24/7 support. I now feel more comfortable looking out for suspicious activity and have boosted my career prospects."

Benjamin Hanson

"I work in finance, so had some knowledge of anti-money laundering (AML) before I took this course. However, as this course covers so many different areas, from the existing legislation to Risk Based Approach and due diligence, I was still able to learn a lot. And at such an affordable price, this course is a total steal."

Requirements

The Anti-Money Laundering (AML) Training is open to all, with no formal entry requirements. All you need is a passion for learning, a good understanding of the English language, numeracy and IT, and to be over the age of 16.

Career path

  • Starting salaries for compliance officers range from £18,000 to £35,000.
  • Compliance managers can earn between £30,000 and £75,000.
  • Senior managers in compliance can earn up to, and more than, £100,000.

Questions and answers


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Oluwakemi asked:

What are the qualifications/certifications at the end of the course? Is it just a certificate of attendance?

Answer:

Hi Oluwakemi, Thanks for the question. This is a Level - 2 Certificate course. There will be two exams (mock & final) at the end of the course. Upon passing the final exam, you will be able to obtain an accredited certificate. Thanks.

This was helpful. Thank you for your feedback.

Ana Maria asked:

How many hours is the study for this course?

Answer:

Hi Ana, The course duration is 13 hours if you want to finish it in one sitting. However, you will have a one-year access to the course after purchasing the course and can complete the course anytime within a year. Thanks Help Desk.

This was helpful. Thank you for your feedback.

Raj asked:

can you download the course material to read whilst off line

Answer:

Dear Raj, Thanks for contacting us. No, you can't download the course material. You will get one year access within this one year anytime you can access the course. Many thanks, Help Desk

This was helpful. Thank you for your feedback.

Zakida asked:

Does this course only allow one attempt at passing the exam?? If unsuccessful in the first attempt is it possible to retake the exam?Is there a charge

Answer:

Dear Zakida, Thanks for the question. If you fail in the final exam, you will be able to reset it by paying a little additional charge. Prior to the final exam, you can take the mock exam three times without any charge. Thanks.

This was helpful. Thank you for your feedback.

Sevil asked:

Hi there, is 19 modules for one certificate? Do we need to pay separately for the exam? Thank you

Answer:

Dear Sevil, Thank you for contacting us. Once you will successfully complete and pass the course, you will be able to obtain an accredited certificate of achievement. The exams are included in the course price. Thanks

This was helpful. Thank you for your feedback.

Sergio asked:

What are my options if I do not pass the exam?

Answer:

Dear Sergio, Thank you for contacting us. You can take the mock exam for three times and the final exam for one. You can retake the final exam with the additional fee for three(3) times. Thanks

This was helpful. Thank you for your feedback.

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