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Certified Anti Money Laundering Specialist (CAMS) - CPD Certified

FREE PDF Certificate | Audio Visual Training | 10 CPD Points | Assessment Included | Tutor Support | 1 Year Access


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Summary

Price
Save 94%
£18 inc VAT (was £315)
Offer ends 14 August 2020
Study method
Online, self-paced
Duration
4 Hours
Access to content
1 Year
Qualification
No formal qualification
CPD
10 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

261 students purchased this course

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Overview

Want to protect your finances and bank accounts from fraudulent activity? Take steps to become a certified AML compliance officer and anti-money laundering specialist with the Certified Anti Money Laundering Specialist (CAMS) course. This anti-money laundering training certification will teach you how to detect and assess suspicious money laundering activities that pose potential threats to your organisation.

This course is suitable for anyone who works in the financial, legal or real estate sector, as well as in roles that involve frequent cash transactions. You will explore the Anti-Money Laundering Act in detail, and the different stages of money laundering. You will also learn how to report AML and develop practical knowledge to be able to identify potential risks and counteract attacks.

Learning Outcomes of The Certified Anti Money Laundering Specialist (CAMS):

  • Gain a full understanding of the definition of money laundering
  • Learn how to assess risk and implement a risk-based approach for your business
  • Understand what determines if a transaction is suspicious
  • Learn how to detect and report suspicious money laundering activities
  • Know how to comply with the Bank Secrecy Act and retain records of specific information
  • Familiarise with the AML glossary of terms
  • Be aware of the pitfalls of outsourcing and how to avoid them
  • Ensure that your KYC (know your customer) information is kept up-to-date

CPD

10 CPD hours / points
Accredited by The CPD Group

Course media

Description

Benefits of studying the Certified Anti Money Laundering Specialist (CAMS)

  • Earn a free e-certificate upon successful completion.
  • Accessible, informative modules taught by expert instructors
  • Study in your own time, at your own pace, through your computer tablet or mobile device
  • Benefit from instant feedback through mock exams and multiple-choice assessments
  • Get 24/7 help or advice from our email and live chat teams.

Course design

The Certified Anti Money Laundering Specialist (CAMS) is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.

You are taught through a combination of

Online study materials
Mock exams
Multiple-choice assessment

************************** Course Modules**************************

Certified Anti Money Laundering Specialist (CAMS)

Module 01: Money Laundering

  • Introduction to Money Laundering
  • Three Stages of Money Laundering
  • Why should Society Care about Money Laundering?
  • Terrorism & Terror Financing

Module 02: Money Laundering Law & Regulation

  • Source of Money Laundering Law and Regulation
  • Money Laundering Regulations 2017
  • Fifth Money Laundering Directive (5MLD)
  • Money Laundering Regulations 2019

Module 03: Risk-Based Approach

  • What Is Risk-Based Approach
  • Core Obligation
  • Introduction and legal obligations
  • Identification and Assessment of Business Risks

Module 04: Customer Due Diligence & Record-Keeping Requirements

  • Customer Due Diligence
  • The Changing Circumstances of Your Customers
  • When to Carry out Enhanced Due Diligence
  • Complete a Policy Statement for Your Business

Module 05: Money Laundering Training

  • The Importance of Staff Awareness and Training
  • Legal and Regulatory Obligation
  • Responsibilities
  • Internal Training Procedure

Module 06: Reporting Requirements

  • Meaning of a Suspicious Activity or Transaction
  • When to Report Suspicious Activity
  • Get Consent for a Transaction

Module 07: Register for Money Laundering Supervision

  • Businesses Covered by the Regulations
  • Supervisory Authorities
  • Premises to Register
  • Agents or Franchisees

Module 08: Compliance Checks, Penalties and Appeals

  • Why HMRC Visits Businesses
  • Professional Advisers
  • Office-Based Compliance Checks
  • Penalty Administration Charge

Module 09: Money Laundering Responsibilities

  • Money Laundering Reporting Officer
  • MLRO Appointment
  • The Safe Harbour and Its Limitations
  • Matrix Management
  • MLRO’s Annual Report

Certification

Upon successful completion of the course, you can instantly download your e-certificate free of cost. Print copy by post is also available at an additional cost of £9.99 and PDF Certificate at £4.99.

Questions and answers


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A asked:

Could I please have a look the sample certificate for this course?

Answer:

Good afternoon. You can see a sample certificate from the 'Course Media' section in the course information page. Stay Safe.

This was helpful. Thank you for your feedback.

Thabo asked:

I am based in Botswana, ido i qualify to enroll for the course? I noticed that most of the courses are for UK residents

Answer:

Hi Thabo, Good afternoon. The course is open to all from all academic backgrounds, and there are no specific requirements to attend this course. All of our courses are online courses. Therefore, you can do the courses from anywhere in the world. Thanks

This was helpful. Thank you for your feedback.

Ana asked:

Hello, what is schedule for this course? is it fully online and I can access it when I find time for it or there is schedule? Thank you

Answer:

Dear Ana, Good morning. You will get one year access to the course after purchasing, and you can complete it anytime within a year. You can study the course at a convenient time. All of our courses are online courses. All of our course materials are online. Thanks

This was helpful. Thank you for your feedback.

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Service
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Content
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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk 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.

What are CPD hours/points?

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.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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