Anti Money Laundering Online Training

  • Defines money laundering with typical examples
  • Raises awareness of how to watch for signs of money laundering
  • Explains what you need to do if you suspect money laundering
  • Provides a case study for the learner to apply and consolidate their knowledge

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Tablet Friendly
Customisable
Accredited for CPD

Description

In preparing this course the Regulatory Team of Reynolds Porter Chamberlain LLP were consulted.

The EssentialSkillz Anti Money Laundering (AML) online training explains the responsibilities of organisations and individuals to prevent money laundering.  The consequences of money laundering to society, to organisations and to individuals who fail to prevent it are explained. It is made clear that allowing others to launder money through ignorance or inaction can lead to serious penalties for both the employer and the individuals concerned, particularly if the money is being used to fund terrorism.

The AML online training explains to learners how to look for indicators of money laundering in the behaviour of others, or in patterns of transactions. It gives information about what they should do if they have any concerns, and this information can be customised by your course administrator to refer to local procedures and contacts.

In the third lesson the Anti Money Laundering online training provides an engaging case study, encouraging learners to think more deeply about the issues raised in the first two lessons. The case study takes the learner step-by-step through a story (based on a real example), giving them the opportunity to apply their learning and test their understanding.

The course includes additional optional content for people working in the regulated sector.

Like all EssentialSkillz courses, this online Anti Money Laundering training can be customised to meet your needs, enabling your workforce to understand the specific policies and procedures in your organisation. A designated course administrator can edit the text and images within the course, and link to organisation-specific documentation at no extra cost.

 

 

Course Objectives

  • To highlight why money laundering is an issue.
  • To describe types of money laundering.
  • To highlight possible signs of money laundering.
  • To show how money launderers target organisations.
  • To describe what you need to do if you suspect money laundering.

Course Details

Certification

On successful completion of the test users can download and print a certificate.

Duration

The course lasts approximately 45 minutes.

Test

Users are required to take a final test consisting of 10 default questions. The default pass mark is 70%

The course administrator within your organisation can:

  • Change the pass mark
  • Implement the random test question feature which selects 10 questions from a bank of 20.
  • Can specify that more than 10 questions must be answered (up to the full bank of 20 questions)

Target Audience

The course is suitable for employees in roles where they receive money, make payments, or process orders and contracts, or to those managing such employees.  The self-employed will also benefit from understanding money laundering to protect themselves and their clients.

While the course provides a suitable introduction for Money Laundering Reporting Officers and other people nominated to have responsibility for money laundering issues in an organisation, people in specialist roles should also receive training specific to their industry or business type.  Similarly, the course provides an introduction for staff in a regulated sector which should be backed up by specific guidance and training approved by their supervisory body.

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