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ANTI-MONEY LAUNDERING TRAINING COURSE

ANTI-MONEY LAUNDERING TRAINING COURSE

  • COURSE NAME:ANTI-MONEY LAUNDERING COURSE
  • REQUIREMENTS: Computer and Internet.
  • ENTRY LEVEL: All levels, basic numeracy and literacy.
  • MINIMUM TIME: 2 Hours +
  • PASS RATE: Required 80%, unlimited re-take.
  • EXAM TYPE: Online QUIZ, True/False and Match.
  • CERTIFICATE: Instant download on completion.

ANTI-MONEY LAUNDERING TRAINING COURSE

This Anti- Money Laundering  and Counter Financing of Terrorism course seeks to equip participants with knowledge pertaining to regulatory and structural requirements needed to comply with Anti-Money Laundering/Counter Financing of Terrorism requirements.

COURSE CONTENT:

1. INTRODUCTION TO MONEY LAUNDERING

    • MONEY LAUNDERING HISTORY
    • KEY TAKEAWAYS
    • MONEY LAUNDERING A MASSIVE PROBLEM
    • REGULATION REQUIREMENTS

2. ANTI-MONEY LAUNDERING LEGISLATION AND REGULATORY FRAMEWORK

    • INTRODUCTION
    • UNITED NATION CONVENTIONS
    • ANTI-MONEY LAUNDERING LEGISLATION IN THE UK

3. ANTI-MONEY LAUNDERING ORGANISATIONS RESPONSIBILITIES

    • INTRODUCTION
    • COMMON TERMINOLOGY USED
    • COMPANY COMPLIANCE
    • REPORTING OFFICER
    • EMPLOYEE SCREENING
    • EMPLOYEE RESPONSIBILITIES
    • ANTI-LAUNDERING POLICIES

4. ANTI-MONEY LAUNDERING RISK BASED APPROACH

    • COMMON TERMINOLOGY USED
    • TYPES OF BUSINESS TO BE IDENTIFIED
    • YOUR CUSTOMERS
    • LOCATION
    • SECTOR
    • DEVELOPING A RISK BASED APPROACH

5. CUSTOMER DUE DILIGENCE

    • INTRODUCTION
    • COMMON TERMINOLOGY USED
    • CUSTOMER DUE DILIGENCE
    • SITUATIONS TO APPLY TO
    • CUSTOMER IDENTIFICATION OF BENEFICIAL OWNERS
    • CUSTOMER DUE DILIGENCE MEASURES
    • ENHANCED DUE DILIGENCE (E.D.D.)
    • SIMPLIFIED DUE DILIGENCE (S.D.D.)
    • POLITICALLY EXPOSED PERSONS (P.E.P.)
    • RECORD KEEPING
    • HIGH RISK COUNTRIES

6. RECORD KEEPING

    • INTRODUCTION
    • COMMON TERMINOLOGY USED
    • DUE DILIGENCE RECORDS
    • SUSPICIOUS ACTIVITY REPORTS (S.A.R.)
    • TRAINING RECORDS AND AWARENESS
    • GENERAL RECORDS OF INTERNAL A.M.L. CONTROLS
    • USE OF ELECTRONIC DATA
    • DELETION OF PERSONAL DATA

7. IDENTIFYING AND REPORTING SUSPICIOUS ACTIVITY

    • IDENTIFYING SUSPICIOUS ACTIVITY
    • SUSPICIOUS ACTIVITY REPORTING
    • INCLUDED IN EXTERNAL SAR
    • CONFIDENTIALITY
    • CONSENT NEEDED
    • BUSINESS OPERATION AFTER SUBMISSION OF SAR
    • REPORTING SUSPICIOUS ACTIVITY
    • WHISTLE-BLOWING

8. STAFF TRAINING

    • RELEVANT BUSINESS
    • TRAINING PROGRAMS
    • TRAINING REQUIREMENTS
    • NOMINATED OFFICER
    • WHEN TO TRAIN
    • WHEN SHOULD TRAINING BE COMPLETED?
    • CPD TRAINING

ANTI-MONEY LAUNDERING TRAINING COURSE