Anti-Money Laundering Course Overview
CPD & Institute of Hospitality Approved
Money laundering is a significant global criminal issue. This course begins by defining money laundering and explaining the “regulated sector” as outlined by the Proceeds of Crime Act.
The course covers various money-laundering offences, including tax evasion, theft, fraud, bribery, and the financing of terrorism. You’ll learn to identify ‘red flags’ that may indicate illegal activities and understand the links between money laundering and certain financial institutions.
You’ll also explore how the regulated sector combats money laundering through compliance, due diligence, and maintaining proper records. Finally, the course will focus on the internal controls and monitoring systems companies use to prevent money laundering, including policy creation, effective reporting channels, and staff responsibilities.
Learning Objectives
By the end of this course, you will be able to:
- Recognise key money-laundering legislation and its connection to other financial crimes.
- Define money laundering, understand what causes it, and its impact on individuals, businesses, and the economy.
- Understand the principles of due diligence and the regulations and regulators involved.
- Evaluate internal controls that help mitigate and monitor money-laundering risks.
- Acknowledge employee responsibilities in enforcing internal controls, identifying signs of money laundering, and reporting suspicious activities.
Target Audience
This course is ideal for individuals working in organisations that handle large sums of money or for anyone entering or working within regulated industries. It’s also beneficial as an introduction to money laundering for those new to the field.
Advantages
Providing staff with training in this area demonstrates that your company is taking active steps to identify and prevent money laundering.
This online course is flexible, allowing learners to complete modules at their own pace, making it easy to fit training around work and personal commitments.
Further Progression
For candidates looking to further enhance their qualifications, our ILM-approved Leadership Skills and Developing Teamwork courses provide recognised certifications.
Those new to management may find our Managing Meetings course a valuable next step. Alternatively, exploring our wider range of Business Skills courses will help broaden their professional development.
For those in the financial sector, our Anti-Bribery and Corruption course delves into another financial crime, offering insights into how management and staff can mitigate the risks of bribery and corruption within their organisations.
Course | Module number | Module name | Pass % required |
---|---|---|---|
Anti-Money Laundering | 1 | Introduction | 70 |
Anti-Money Laundering | 2 | The Law | 70 |
Anti-Money Laundering | 3 | Money-Laundering | 70 |
Anti-Money Laundering | 4 | Due Diligence | 70 |
Anti-Money Laundering | 5 | Internal Controls and Monitoring | 70 |