Introduction to Anti-Money Laundering (AML)
- 145 Minutes
- All Levels
- 21 Lessons
- 1 Quiz
This anti-money laundering online course is self-paced and will give you the opportunity to have an insight into the world of money laundering and Terrorist financing. All of our AML online courses and KYC training are broken down into a clear and easy way and on completion of the Anti-Money Laundering course you will receive a digital certificate as evidence.
In this course you will learn about the following:
- What is money laundering
- What is terrorist financing
- The impact of money laundering on our society and economy
- The money laundering cycle
- Where does money laundering occur
- What should individual Governments be doing about it
- How to comply with AML regulations
- What are the consequences of not being compliant
- Key AML organizational bodies
- The elements of an AML program
- Reporting suspicious behaviour
Who is the course suitable for?
- Anyone with an interest in Anti Money Laundering/Know Your Customer
- New entrants in AML Compliance/Client onboarding roles
- Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process
Benefits of taking this AML/KYC course:
Taking a KYC certification course or Anti Money Laundering Certification Course will not only enhance your knowledge but give you the opportunity to stand out from the rest of your peers at your current role or at the time of applying for an AML/KYC position.
Accessibility
Access across any smart device (smartphone, tablet) personal computer or desktop with ability to pause progress and revisit, continue at any time.
This course includes:
- 120-minute video lessons,
- End of course Quiz (15 questions)
- Certificate of Completion
Introduction to AML Course
- Introduction to course – Anti-Money laundering
- Course Objective – Introduction to AML course
- What is money laundering and terrorist financing
- The money laundering cycle
- The impact of money laundering on our society and economy
- Where does money laundering occur
- What should individual Governments be doing
- What does the Local Regulation say
- How to Comply with AML/CFT regulations
- The Consequences of not being compliant
- Key Organizational Bodies
- Caribbean Financial Action Task Force (CFATF)
- How to implement an effective AML Program
- Factors to consider at the time of risk rating a customer Pt1
- Factors to consider at the time of risk rating a customer – Product and Services Risk
- Factors to consider at the time of risk rating a customer Geography Risk
- What is Source of Wealth (SoW) and Source of Funds (SoF)
- Raising Awareness – Red Flags
- Reporting Suspicious Behavior
- Environmental, Social and Governance (ESG)
- Proliferation Financing
- Recap – Introduction to AML course
- End of Course Quiz – 15 questions / 20 minutes
As well as the above courses, we can also work with you to tailor make your training which will cater to your business needs.
- Understanding Source of Wealth and Source of Funds
- Introduction to Customer Risk Rating
- What are Virtual Currencies
- Introduction to Screening
- Understanding Red Flags
AML Video Tutorials
As well as providing online courses, we also provide a wide range on AML tutorial videos. Each video focuses on a chosen subject and explains the processes in a clear and engaging way. Some of the videos we provide are:
- The difference between Tax avoidance and Tax evasion?
- What are Red Flags?
- What is Customer Due Diligence?
- What is a PEP?
- What is Transaction Monitoring?
We have numerous AML Tutorial videos readily available, but we can also work with you to customize videos to meet your own AML business needs.
