Anti Money Laundering Course
The Anti Money Laundering Course provides employees with the knowledge and skills to identify, prevent, and report suspicious activities, supporting compliance with the Proceeds of Crime Act 2002 and Money Laundering Regulations 2017.
Money laundering poses a significant threat to global security and public services, and it costs the UK economy more than £100 billion a year. For businesses, money laundering can cause financial damage, legal penalties and reputational damage. It can also trigger increased regulatory scrutiny and long-term compliance costs.
This CPD-accredited course increases employees’ awareness of the consequences of money laundering and their responsibilities, helping your organisation to safeguard operations and demonstrate a commitment to ethical practices and regulatory compliance.
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Anti Money Laundering Course
Equips managers with the knowledge and skills to identify, address, and prevent money laundering activities in the workplace, ensuring compliance with the Money Laundering Regulations 2017 and other relevant UK legislation.
£25
Complete the form below to discuss multi-licence discounts with our team.
Course duration
The Anti Money Laundering Course online takes approximately 45-60 minutes to complete.
Who should take this course?
The Anti Money Laundering Course is relevant to organisations of all sizes across every sector.
Everyone can benefit from the course, but it is particularly valuable for business owners, managers and employees in high-risk positions, such as those who manage money and finances.
Course aims
By the end of the Anti Money Laundering Course online, participants will be able to:
- Explain what money laundering is and how money is laundered.
- Understand the human and economic consequences of money laundering.
- Understand employers’ and employees’ responsibilities under anti-money laundering laws.
- Identify red flags and common money laundering scams.
- Apply appropriate levels of customer due diligence based on risk levels.
- Understand the process for reporting suspicious activity.
Course accreditations
Our accreditations mean you can be confident that we deliver high-quality, effective eLearning that forms part of a professional development programme.
We pride ourselves on our extensive certification and accreditation. We’re CPD Certified and this course is SCORM compliant which means it can be integrated as part of your existing LMS or used as part of our SHINE learning management system.
Learn more about our health and safety accreditations.
Benefits of the Anti Money Laundering Course
- Provides employees with the knowledge to identify and mitigate money laundering risks.
- Supports compliance with anti-money laundering regulations (AML), promoting trust with stakeholders and regulators.
- IOSH Approved, CPD Certified and SCORM Compliant training.
- Anti Money Laundering Course can be completed at the participant’s own pace, at a time that suits them.
- Interactive training to keep participants engaged throughout.
- Multiple choice quizzes so participants can check their understanding as they go.
- Summaries at the end of each section to enhance understanding.
Course Overview
1. What is money laundering?
What money laundering is and the human and economic consequences.
3. What are the UK anti-money laundering (AML) regulations?
What the following regulations mean for organisations:
- Money Laundering Regulations 2017 (MLR 2017)
- Proceeds of Crime Act 2002 (PCA)
- Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018)
- 5th Money Laundering Directive (%AMLD)
- Criminal Finances Act 2017
- Economic Crime (Transparency and Enforcement) Act 2022
- Terrorism Act 2000
Bribery Act 2010
5. Organisations responsible for preventing money laundering.
The UK organisations responsible for preventing money laundering and their roles.
7. Scams to be aware of
Scams closely linked to money laundering that businesses need to be aware of, and the red flags to look for.
9. Evaluating risks
How to evaluate money laundering risks based on customers, geographic locations, products/services and transactions.
The importance of verifying and identifying customers to comply with the Money Laundering Regulations 2017.
How to calculate and score risks to allocate resources efficiently.
When to apply customer due diligence (CDD), regular due diligence (RDD) and enhanced due diligence (EDD).
11. Assessing geographical, product/service, and transaction risks
How to identify countries/regions and products/services that pose a higher money laundering risk.
How to identify when transactions are suspicious.
13. Providing training for employees
What anti-money laundering training must be provided under AML regulations.
15. How should you report suspicious activity?
When to file a Suspicious Activity Report (SAR), and the correct procedures to follow.
The information to provide in a SAR, including supporting documents.
The importance of confidentiality and how ‘tipping off’ is a criminal offence.
2. How is money laundered?
A detailed look at the three stages of money laundering: placement, layering and integration.
4. Which types of organisations must be supervised under the Money Laundering Regulations 2017 (MLR 2017)?
The types of organisations that must be supervised under MLR 2017, and when organisations not listed as needing to register may still need to register.
6. Sanctions for money laundering
The sanctions for money laundering under the Proceeds of Crime Act 2002 (POCA).
8. How to take a risk-based approach to anti -money laundering (AML)
What a risk-based approach to AML is under the Money Laundering Regulations 2017.
How to implement a risk-based approach to money laundering to focus resources on higher-risk areas.
10. Carrying out customer and company identification checks
How to carry out customer and company identification checks, step-by-step,
The importance of identifying politically exposed persons (PEPs) and those on the UK Sanctions List.
How to verify a company, directors and beneficial owners.
12. Maintaining accurate records
The importance of keeping accurate records and what records to keep to comply with AML regulations.
How long to keep records for and why.
14. Reviewing and updating AML policies
When to review and update AML policies.
16. JMLSG: Guidance & support for organisations
The ways in which the Joint Money Laundering Steering Group (JMLSG) supports organisations.
Start your learning adventure
Created by experts. IOSH Approved. CPD Certified. Our fire, health and safety courses support your compliance training needs. We offer flexible eLearning options. Buy individual courses now and start learning. Or simply call us to discuss group discounts and enterprise pricing options.
Buy now – individual course
- Fully interactive – online learning
- Certified training – created by experts
- Perfect for smaller businesses and sole traders starting out
Call us – volume discount
- Save money – volume discounts
- Control – central dashboard
- Reporting – monitor training progress
- Ideal for mid-sized SMEs needing to deploy training at scale
Call us – Enterprise pricing
- Bespoke – tailored to your needs
- Comprehensive – over 50 courses
- Support – 1-2-1 account management
- Perfect for larger businesses needing a wide variety of training
Anti Money Laundering FAQs
Can I customise the Anti Money Laundering Course to include organisation-specific examples?
Yes, the course content can be tailored to include scenarios or examples relevant to your industry or organisation, enhancing its relevance and effectiveness.
Is the course suitable for employees with no prior knowledge of money laundering?
The course is suitable for everybody. It provides a clear introduction to money laundering concepts while gradually building more advanced understanding.
Does the course include updates to reflect the latest AML regulations?
Yes, the course is regularly reviewed and updated to reflect changes in anti-money laundering laws and regulations, ensuring your training remains current.
What kind of support can I expect if I encounter issues with the course?
We offer full technical support to ensure a smooth experience, whether you’re using our SHINE platform or integrating the course into your LMS. Additionally, our customer support team is available to answer any questions related to course content or compliance.
Is there a discount if I need to train a large team?
Yes, we offer volume discounts for businesses that need to train multiple employees. Please contact us to discuss your requirements, and we can provide pricing based on your team size.
Is there a discount if I need to train a large team?
Yes, we offer volume discounts for businesses that need to train multiple employees. Please contact us to discuss your requirements, and we can provide pricing based on your team size.
What happens if someone fails the course assessment?
Participants who don’t pass the assessment on their first attempt can review the course material and retake the assessment. The course is designed to support learning, with interactive elements and quizzes to reinforce understanding throughout.
Can I monitor employee progress throughout the training?
Yes, if using the SHINE platform, you can track employees’ progress, view completion rates, and download certificates for compliance records.
How is it delivered?
The Anti Money Laundering Course is delivered online or through a computer network to each trainee at their desktop, laptop or mobile device.
We can also provide the course to be integrated into a SCORM compliant LMS.
Training can be completed at the employee’s own pace by “bookmarking” and recording progress and returning to the training later.
SHINE – compliance record keeping
The Praxis42 Digital Platform SHINE is our advanced eLearning management system and helps organisations deliver effective online learning for their employees.
A cost-effective tool for compliance record-keeping, SHINE allows you to view and manage employee training records easily. Individual training certificates can be printed as proof of compliance for audits or visits from enforcing agencies.
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