Certificate in Anti Money Laundering (AML)

Become a financial crime prevention superhero with LGCA’s help!

Pick up everything you need to know to join a company’s AML function and start fighting crime with your newfound knowledge and skills.

The Certificate in AML provides participants with a thorough understanding of what constitutes Money Laundering (ML) and how financial institutions should respond to increasingly complex attempts by criminal individuals and entities to process proceedings from illegal activities in a manner that enables them to enjoy such illegal proceedings.

About the Certificate

Participants will investigate what is ML, what constitutes a risk-based approach in dealing with ML and the relevant policies and procedures that may be adopted by a financial institution as part of a coherent AML Strategy. In addition, participants will be provided with an overall assessment of international economic sanctions and how these are valuable tools in combating ML.

The Certificate also offers participants, a practical perspective of how AML attempts have been formally incorporated and have led to the creation of legal frameworks that aim to prevent ML practices.

The knowledge obtained by undertaking this Certificate is an invaluable asset for professionals that seek to enhance their career prospects in AML which is becoming an increasingly significant issue for financial institutions.

Topics covered

• Money laundering methods, techniques, red flags, key risk areas and compliance best practices & checklists

• KYC and CDD: Beneficial ownership, money laundering risks in gatekeeper roles, politically exposed persons, and much more

• Economic Sanctions and relevant frameworks

• Vulnerabilities of Financial Institutions

• Legal Framework for AML – A practical perspective

• Case Studies and analysis

Expected Learning Outcomes

• Identify ML-related risks and dangers that need to be dealt with through a rigid AML strategy

• Understand ML risk assessment and management and learn how to design a comprehensive AML risk-based approach

• Review the relevant processes and procedures that need to be adopted as part of an AML strategy

• Gain a practical perspective through a review of the relevant legal framework that covers AML

• Understand the importance of sanctions and how these can be utilised as a tool to combat ML

Format

• Register at any time

• Study in your own time and at your own pace (you have up to 3 months to complete the Certificate)

• Assessed by an online multiple-choice exam

What is included

• 25 hours of self-paced online interactive learning including analysis of 5 practical case studies

• 1-year free AGRC membership

• Online Exam and AGRC Certificate

Completion Requirements

• Success in all the unit tests. Each unit is allocated two, three or four Multiple Choice questions (MCQs). In total 33 MCQs with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.

• Success in the final test of 40 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

Individuals who aspire to a career in AML, staff with specific anti-money laundering duties and staff working in financial services who want a comprehensive training in AML. No previous knowledge or experience is required although it is assumed that participants have good knowledge of English and a sound education background.

No previous knowledge or experience is required though it is assumed that participants have good knowledge of English and sound educational background.

AML Officer, MLRO, Head of Back Office, Compliance Officer, Risk Manager, Manager, Director