AML Awareness
Overview
Employees of FCA-authorised firms are subject to a wide-ranging set of obligations in relation to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) and firms have a legal duty to train their staff regarding these obligations.
This course is intended to help firms meet this legal obligation by providing employees with an understanding of the legal framework, the specific criminal offences relating to AML and CTF and their personal responsibilities. It also considers the firm’s responsibility to implement adequate systems and controls following a risk-based approach, particularly in relation to Customer Due Diligence (CDD), or ‘Know Your Customer’ (KYC).
Who is this for?
This comprehensive course is designed for those with little or no existing knowledge of AML and CTF, but is also suitable for use as a ‘refresher’ for both existing employees and new joiners.
Learning Outcomes
After attending this course, participants will:
- Explain the nature of the money laundering and terrorist financing risks facing financial services firms
- Apply the principal legislation and regulations governing money-laundering and terrorist financing
- Work to the responsibilities within the regulatory regime, and the effects of failure to comply
- Apply the practical steps required to manage money-laundering and terrorist financing risks, including customer due diligence, suspicious activity reporting and ongoing monitoring
Course Details
- What is Money Laundering?
- The Legal Framework
- Proceeds of Crime Act 2002
- Money Laundering Regulations 2017
- FCA Supervision
- JMLSG Guidance
- Risk Assessments
- Customer Due Diligence
- Monitoring
- Awareness and Training
- Record Keeping
Delivery
Have the flexibility to deliver your In-House training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.
