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Anti-Money Laundering - How money laundering works Anti-Money Laundering - Policies, controls and procedures Anti-Money Laundering - Standard due diligence

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Anti-Money Laundering Training - Target Audience

Money laundering is a serious global crime, with the United Nations estimating that between 2% and 5% of global GDP is laundered each year. It is used for a range of purposes, including to hide the proceeds of a crime and to fund further criminal operations, meaning that taking steps to prevent money laundering can also prevent a significant number of additional crimes from taking place.

For this reason, UK legislation requires certain businesses, including those that provide financial services such as bank accounts or cross-border money transfers, to take steps to prevent financial crime. These measures include reporting suspicious transactions to a law enforcement agency, ensuring that a customer's money comes from a legitimate source, and establishing an anti-money laundering policy.

This anti-money laundering (AML) training course explains how money laundering works, covers some of the measures that an organisation must take to prevent it from occurring, and explores customer due diligence in detail. It is suitable for anyone that regularly handles money as part of their job, as well as those who work for organisations that are more likely to come across money laundering, such as financial institutions, estate agents and casinos.


    •  Full voiceover.
    •  Instant downloadable certificate and 1 CPD credit.
    •  Takes an average of 1 hour to complete.
    •  Instant access to PDF certificate on completion.
    •  No hidden costs - includes 12-months access and unlimited assessment re-sits.

Anti-Money Laundering Training Online Course | Instant downloadable certificate

Instant start & login available 24/7 | Duration 1 hour | 1 CPD credit


Fulfil your obligations/responsibilities with our online Anti-Money Laundering course. Sign up Today!

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Bundle Upgrades

Anti-Money Laundering Training

This course is available in the following bundle deals:

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Anti-Money Laundering Training - Accreditation and Certification

CPD Certificate

Successful candidates will receive a CPD Certificate and 1 CPD Credit.

This certificate has no expiry date because there is no formally recognised period of validity for this type of course. The HSE recommends refresher training is carried out whenever it is felt necessary. Safety registration bodies such as CHAS, SafeContractor, ConstructionLine & SMAS and other members of the SSiP scheme recommend that most re-training is done every 3 years. We would recommend refreshing knowledge as and when legislation or guidance changes applicable to these regulations.

All of our courses, systems and services have been registered to the internationally recognised ISO 9001:2015 quality standard. Quality Management Systems Ltd (QMS) made this prestigious award to Commodious in January 2018. This gives assurance that the training and assessment was completed with a quality registered organisation.

Anti-Money Laundering Training - Course Overview

Overview

A significant amount of money is laundered through financial systems each year, which is often used to hide the proceeds of a serious organised crime and make them appear to be legitimate. As a result, there are strict laws in place that prevent people from handling assets that have been obtained illegally and require certain organisations to implement strict measures to prevent money from being laundered.

Providing anti-money laundering training to staff is an essential part of ensuring that they are up-to-date on how the process works and the measures that they need to take in order to prevent it from taking place within their organisation.

This course covers:

  • What money laundering is, and how it works.
  • Some of the common signs of money laundering.
  • What the money laundering regulations are, and who they affect.
  • What businesses can do to prevent money laundering.
  • What customer due diligence is, and how to assess the risk a customer poses.

Duration

It takes approximately 1 hour to complete the course. This can be spread out over multiple sessions or completed in a single session, and there is no time limit for completion.

Assessment

All candidates must complete a multiple choice assessment after working through the training material. The candidate will be asked 12 multiple choice questions and need to answer a minimum of 9 correctly to pass. Candidates will be given instant feedback after completing the assessment stating whether they have passed or failed. The assessment can be retaken as many times as is required to pass at no additional cost.

Module Summary

This module explores:

  • What money laundering is, who carries it out, and how they do so.
  • The money laundering legislation that applies in the UK, including the Proceeds of Crime Act 2002.
  • The role of the Financial Action Task Force (FATF) and its member states.

This module explores:

  • What the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 are.
  • Who is affected by these money laundering regulations.
  • The responsibilities placed on certain businesses by these regulations.

This module explores:

  • What customer due diligence is.
  • The three forms of due diligence.
  • What to do if a customer fails due diligence.
  • How to identify the risk a customer poses.

Anti-Money Laundering Training and Awareness Course - System requirements

Our courses are compatible with the latest versions of all modern desktop web browsers, including Google Chrome, Mozilla Firefox, Microsoft Edge and Safari. On mobile devices, they are compatible with the latest version of Safari or Google Chrome running on iOS 12/Android 6.0 or later.

You can check your current web browser, and whether it is the latest version, by visiting whatismybrowser.com.

For the best experience, we recommend using Google Chrome version 90 or later. We do not recommend using Internet Explorer to access our courses as this can cause compatibility issues and lead to a poor experience.

Bulk Purchases

After a successful purchase you will be automatically taken to our registration process. Here you create your learner(s) and assign the course(s) to them so that they can start training immediately. If you do not know all the learner details - no problem, you can return later and create the learners when it suits you.

The system automatically creates an admin group of your learners, this means you can access your learner accounts to obtain certificates or schedule reports on the progress of your group, useful for Health & Safety audits or Registration to organisations such as CHAS, SMAS, SafeContractor, ConstructionLine etc or site access when certificates are required.

If this all sounds too complicated feel free to contact us, we are more than happy to enrol you or your colleagues on your behalf.

Anti-Money Laundering Training

Free Trial

We know how difficult it can be choosing online training, we have been there ourselves! That is why we are giving free access to all our health and safety training courses (excluding exams) so you can try them out and satisfy yourself with the quality.

We know that when something looks too good to be true, there's often a catch. There are no catches, we simply want to give you a more informed choice. Email us with your requirements and we will set you up.

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Anti-Money Laundering Training