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Updated: 29 Mar 2025
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People Skills
Updated: 29 Mar 2025
Updated: 29 Mar 2025
20 People Recommended
Duration Minimum 30 mins
100% Online Course
365 Days Access
Instant Access and Certification
Full Voiceover
The Anti-Money Laundering (AML) and Financial Crime Awareness course is designed to provide a thorough understanding of money laundering, financial crimes, and the regulatory measures established to prevent them. It is tailored for professionals in financial services, compliance, and risk management, equipping them with the knowledge to identify and mitigate risks effectively.
This course covers key UK legislation, including the Proceeds of Crime Act 2002, Money Laundering Regulations, and the Economic Crime (Transparency and Enforcement) Act 2022, offering practical insights into compliance requirements. Participants will explore the principles of customer due diligence (CDD), enhanced due diligence (EDD), and Suspicious Activity Reports (SARs), learning to recognise suspicious patterns and behaviours while adhering to best practices.
By completing this course, professionals will be prepared to safeguard their organisations against financial crime, legal penalties, and reputational damage, contributing to the broader integrity and security of the financial system.
£25
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Learning Outcomes.
By the end of this course,participants will be able:
To understand the concepts and legal framework of Anti-Money Laundering (AML) and financial crimes.
To identify the roles and responsibilities of financial institutions in preventing money laundering and financial crime.
To apply customer due diligence (CDD) and enhanced due diligence (EDD) procedures in compliance with regulations.
To recognise suspicious activities and transaction patterns indicative of financial crimes.
To file Suspicious Activity Reports (SARs) in accordance with UK regulatory standards.
To evaluate the consequences of non-compliance with AML laws, including legal and reputational risks.
Course
Contents.
01
Understanding Financial Crime and Money Laundering
Overview of key concepts, including the role of regulatory bodies like the FCA.
03
UK AML Legislation
Exploration of major legislation, including the Proceeds of Crime Act 2002 and the Economic Crime Act 2022.
05
Financial Sanctions and Risk Management
Recognising sanctions and strategies for mitigating financial risks.
08
Consequences of Non-Compliance
Legal, financial, and reputational implications of failing to meet AML obligations.
06
Detection and Reporting of Suspicious Activities
Identifying red flags and filing Suspicious Activity Reports (SARs).
09
Building a Culture of Compliance
Encouraging organisational accountability and fostering compliance awareness.
02
Compliance with Money Laundering Regulations
Key requirements and responsibilities under UK regulations.
04
Customer Identification and Due Diligence
Best practices for applying CDD and EDD, including managing Politically Exposed Persons (PEPs).
07
Effective Record-Keeping
Importance of accurate documentation and adherence to compliance frameworks.
10
Continuous Improvement of AML Systems
Strategies for regularly updating systems to counter emerging risks.
The Anti-Money Laundering (AML) and Financial Crime Awareness course equips professionals with the knowledge and tools to combat financial crime and ensure compliance with UK regulations. By addressing key legislation, due diligence processes, and reporting requirements, the course supports organisations in safeguarding their operations from legal, financial, and reputational risks. This training reinforces the importance of a compliance-driven culture and provides the skills necessary to uphold the integrity of financial systems.
Summary