Anti-Money Laundering Training in brief: Online anti-money laundering training for regulated-sector teams, covering core duties, due diligence, red flags, suspicious activity reports and tipping off. It takes approx. 30 minutes across 4 sections. A 20 question test follows, so learners have their certificate as soon as they pass.
Why this training matters
The UK anti-money-laundering regime places specific duties on businesses in regulated sectors. Criminal exposure depends on the offence, role, knowledge and conduct; it is not automatic whenever a compliance mistake occurs.
Anti-Money Laundering explains how money laundering works and why businesses are targeted. It covers due diligence, the behaviour that should raise suspicion, and what the Money Laundering Regulations and POCA expect of employees and employers. Your team then know what to check before they act and when to report a concern.
Anti-Money Laundering Training at a glance
| Course | Anti-Money Laundering |
|---|---|
| Category | Business Compliance |
| Accreditation | CPD accredited |
| Governing framework | Money Laundering Regulations 2017, POCA 2002 Read the official text |
| Price | Quoted for your team: credits, this course on its own, or 12 months of access to all our courses. Request a quote |
| Delivery | Online and self paced on any device, via The Globe LMS |
| Certificate | PDF issued immediately on completion, with your logo on it |
| Provider | ProCompliance Services Ltd, United Kingdom |
What the Money Laundering Regulations ask of firms
The Money Laundering Regulations 2017 apply to the regulated sector. That includes banks, accountants, tax advisers, estate and letting agents, and legal services. The Proceeds of Crime Act 2002 sets out the money laundering offences.
What firms have to do
- Assess the money laundering risks the business faces.
- Put policies, controls and procedures in place to manage them.
- Check who customers are and understand their business, known as customer due diligence.
- Appoint a nominated officer to receive reports of suspicious activity.
- Train relevant staff regularly in the law and how to spot and report suspicious transactions.
- Keep records of checks and transactions.
What you will be able to do
- Understand what Money Laundering is
- Understand what ‘The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017’ is and how to comply with it
- Know how to report any suspicion of money laundering
What Anti-Money Laundering covers
What is money laundering?
This section covers what money laundering is and its different stages.
Due diligence
You will look at due diligence in this section, how to verify customers and assess the risk of money laundering.
Suspicious behaviour
The course then covers what the warning signs of money laundering are.
Your and your employer's responsibilities
You will also cover the responsibilities you and your employer have, how to report your concerns and the consequences of non-compliance.
Who should take Anti-Money Laundering Training
Staff in firms covered by the Money Laundering Regulations. That includes accountants, tax advisers, estate and letting agents, and legal and financial services. It also suits anyone who handles client money or checks customer identity.
Where this course fits
The sectors that use it most, as well as the standard it meets.
Common questions
How can my business get Anti-Money Laundering training for its staff?
Enrol them on ProCompliance's Anti-Money Laundering course. It runs online through The Globe LMS in approx. 30 minutes, and each learner gets a certificate as soon as they pass. It carries CPD accreditation, and it follows the Money Laundering Regulations 2017, POCA 2002. You can also try it free first, or book a demo to see how assigning and tracking it works.
Is anti-money laundering training a legal requirement?
Yes, for firms in the regulated sector. Regulation 24 of the Money Laundering Regulations 2017 requires them to make relevant staff aware of the law and train them regularly.
Who needs anti-money laundering training?
Staff in the regulated sector whose work is relevant to spotting or preventing money laundering. That includes anyone who deals with customers, payments or identity checks.
What is money laundering UK?
Money laundering involves the illegal activity in concealing the original source of money, usually obtained from criminal acts. Financials are disguised and falsified so that the illegal activity used to obtain the money goes undetected
How do I get an anti-money laundering awareness certification?
Our anti-money laundering training online will provide you with an immediate certificate upon completion of the online training course.
What is anti-money laundering?
Our online anti-money laundering training refers to the steps and processes a company or business will take to ensure compliance with UK laws and legal requirements, monitoring, preventing and recognising suspicious activities or illegally sourced money.
Where can I learn anti-money laundering?
You can easily learn online with our anti-money laundering online training course! You choose when and where you take the course! From the comfort of your own home or from your workplace or even your local coffee shop. As long as you have an internet connection you’ll be able to complete the course.
