Anti-Money Laundering Compliance
This course outlines the rules and regulations involved in anti-money laundering compliance and thoroughly explores the kind of in-depth customer due diligence accountants should be carrying out to mitigate the risks of money-laundering and terrorist financing.
£150 +VAT
Anti-Money Laundering Compliance
£150 +VAT
365 days’ access
Anti-Money Laundering Compliance
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Create a solid company AML policy and make sure you have the correct processes and procedures in place
- Get to grips with current anti-money laundering regulations
- Understand the typical typologies used to launder money
- Spot the many “red flags” that could point to money laundering
- Conduct a ten-step AML risk assessment and scrutinise those risks
- Identify potential areas of improvement in your own organisation
About the course
Both financial crime itself and anti-money laundering (AML) regulation are constantly evolving. Digitalisation means new ways of committing financial crime are being created and regulators are being kept on their toes to protect consumers and safeguard the financial system. The role accountants can play in identifying illegal activity in this area is key.
This course outlines the rules and regulations involved in anti-money laundering compliance. It thoroughly explores the kind of in-depth customer due diligence that accountants and finance professionals should be carrying out to mitigate the risks of money laundering and terrorist financing.
The course dives into the finer details of AML regulation structure and will help you to assess your control framework and ensure that you have all the correct processes and procedures in place.
Please Note: This course only covers AML regulation in the UK and Ireland
Contents
The world of money laundering
Money laundering activities
Anti-money laundering regulation
An international framework
Making sense of the regulations
Developing AML policy
The role of technology
Recognising the threat
Red flags for accountants
Best practice
Anti-money laundering regulations
Anatomy of AML regulations
Regulation revisions
Staying up to date
Creating an AML policy
A culture of compliance
Reporting suspicious activity
Three lines of defence
Compliance is good for business!
Protecting your organisation
Conducting an AML risk assessment
Preventive measures for accountants
Keeping down compliance costs
How well do you know your customer?
Audit and regulatory reporting
The digital landscape
Assessing clients for risk
Risk mitigation strategies
Applying levels of risk
Determining due diligence
Who benefits?
Does ownership matter?
The problem with PEPs
Know your sources
Ongoing monitoring
Technology and AML
Author
Michael Harris
Michael works with technology and data companies who provide anti-money laundering and anti-bribery compliance solutions. Michael offers unique insights into the changing geo-political risk landscape, the evolution of financial crime regulation, the genesis and development of AML and ABC regulation, and how data and technology can empower organisations.
22 reviews for Anti-Money Laundering Compliance
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Dawn Parkin –
There is a lot to take in with AML so was good to go though this.
Irene Awala –
Great
Andrew Ball –
Excellent course, has provided me with a thorough understanding of the AML process.
Anna Ball –
This course has been designed very well. Going back to basics, giving thorough understandings and explanations in understandable language. It is easy to follow. You can go at your own pace. A very good refresher all-round on the area with the latest guidance in mind.
Charles Mason –
I thought the content and course structure was very clear and I have actionable insights and checklists I can use in my business
Paul Gough –
This is a great course for those worried about the regulation surrounding this topic. It helps you get a better understanding of what it is about and how to help you put things in place to protect your practice and your clients.
Christopher Hartley –
I thought that the course would be more of a weniar. Also, it would be good to be able to download some templates of client onboarding, AML firm overviews, etc
Anne McNeillie –
It is good to have a review of current AML procedures and to learn what tools AI are available and which websites can help with guidelines and particular problems, good to review and monitor current guidelines and thinking.
Laura Marshall –
I’ve done a few different AML courses in the past and this is by far the best, I wanted something that focussed more specifically on the accountancy sector and this was ideal. It was detailed and information but also offered a lot of practical guidance.
Christine Woodrow –
It was an extremely helpful course particularly the videos but I felt at times the text was AI generated and one answer in two quizes was not what I would have expected. Please could you double check those.
Mehmud Nathu –
Will help in devising a full proof RBA for our practice
David Wyllie –
Everything you need to know and more, is contained in this course. It will help you ensure you don’t get “caught out” facilitating money laundering and may well save you and/or your firm penalties and/or loss of reputation. Even experienced practitioners would benefit from taking this course and would remain safe in the knowledge that you’ve done everything reasnably possible to deter and prevent money laundering.
Graham Gold –
Very useful & good. I was really poor in this area and this has really brought me up to date and incentivised me to revise my company’s procedures
Mehmet Kemal Yenilmaz –
five star
Ann Cummings –
A very well structured step by step approach which provides a good basis for reviewing AML policy and procedures. The module about a risk based approach was particularly useful.
Simon Freshwater –
To maintain a robust AML policy the dynamic nature of the process must be given consideration and always be managed/evolved
Rosa Maria Williams –
Thorough and interesting
Stuart Williamson –
simple explanations and comprehensive information
Rajnikant Khetia –
Sabrina Devi –
Interesting read – some good real life examples of companies added which were insightful.
Rishi Sharma –
A relevant course!
Marta Olszewska-Delgado –
very informative but easy to follow