Anti Money Laundering (Risk-Based Approach, Customer Due Diligence) course teaches you everything on the topic thoroughly from scratch so you can achieve a professional certificate for free to showcase your achievement in professional life. This Anti Money Laundering (Risk-Based Approach, Customer Due Diligence) course is a comprehensive, instructor-guided course, designed to provide a detailed understanding of the nature of the related sector and your key roles within it.
To become successful in your profession, you must have a specific set of skills to succeed in today’s competitive world. In this in-depth training course, you will develop the most in-demand skills to kickstart your career, as well as upgrade your existing knowledge & skills. The training materials of this course are available online for you to learn at your own pace and fast-track your career with ease.
Who should take the course
Anyone with a knack for learning new skills can take this Anti Money Laundering (Risk-Based Approach, Customer Due Diligence) course. While this comprehensive training is popular for preparing people for job opportunities in the relevant fields, it also helps to advance your career for promotions.
Once you’ve successfully completed your course, you will immediately be sent a digital certificate. Also, you can have your printed certificate delivered by post (shipping cost £3.99). All of our courses are fully accredited, providing you with up-to-date skills and knowledge and helping you to become more competent and effective in your chosen field. Our certifications have no expiry dates, although we do recommend that you renew them every 12 months.
At the end of the course, there will be an online assessment, which you will need to pass to complete the course. Answers are marked instantly and automatically, allowing you to know straight away whether you have passed. If you haven’t, there’s no limit on the number of times you can take the final exam. All this is included in the one-time fee you paid for the course itself.
In this introductory module, we will develop our understanding of what money laundering is and will explore the three stages of money laundering in detail.
In module two, we will learn the principles of the Proceeds of Crime Act 2002 and discuss the notions and elements of criminal property. It covers the concealing offence, arranging office and the Acquisition, Use and Possession Offence.
In module three, we will familiarise with terrorist legislation and take a more in-depth look at The Proceeds of Crime Act 2002. It provides essential information on the second, third, fourth and fifth Money Laundering Directive.
In module four, we will learn about the role of the money laundering reporting officer and the information that needs to be included in the MLRO’s Annual Report. It also covers internal reporting procedures.
In module five, we will develop our understanding of customer due diligence and the main factors to consider when determining AML risk. It also provides step-by-step guidance on how to assess client risk.
In module six, we will explore the key elements needed in a customer due diligence program, from account opening to customer identification and verification. It also covers consolidated KYC risk management.
In module seven, we will look at record-keeping procedures and best practice, including in what form records should be kept and the consequences of failure to keep records.
In module eight, we will gain an in-depth understanding of what constitutes suspicious activity and what to do if customer activity appears suspicious, as well as the types of events that may cause suspicion.
In module nine, we will take a look at the legal requirements for staff training and awareness, including the responsibilities of senior staff. A wide range of training methods will be explored, as well as key assessment procedures.