Descriptions of AML Training
To disguise money that’s been obtained illegally, criminals will often launder their money into more legitimate businesses. Money laundering has potentially devastating economic, security, and social outgrowths, so to prevent this, a set of procedures, laws and regulations were developed – this is known as anti-money laundering – AML -Training.
This Anti-Money Laundering – AML Training Course is highly recommended for improving your knowledge of money laundering, why it is an unauthorised activity and how a massive amount of money is laundered every year by criminals through different methods. Through this course, you’ll understand the impacts of money laundering, followed by the different stages and signs of money laundering. In addition to that, you’ll be taught about the laws regarding money laundering, anti-money laundering policy and the strategies for limiting this crime.
Learning Outcomes of Anti-Money Laundering Training
- Develop a knowledge of money laundering and how it occurs
- Describe the suspicious behaviour and transactions, as well as the odd transactions
- Learn about the Proceeds of Crime Act of 2002 and adhere to the anti-money laundering provisions
- Identify and assess the responsibilities of Money Laundering Reporting Officers, as well as the person who can be designated as an MLRO the suspicious behaviour and transactions, as well as the odd transactions
- Recognise the need of conducting employee training on anti-money laundering and terrorist funding
AML Training Course Design
The AML Training course is delivered through our online learning platform, accessible through any internet-connected device such as laptop, tab or smartphones. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.
You are taught through a combination of
Video lessons
Online study materials
Mock exams
Multiple-choice assessment
Method of Assessment
To assess your learning, you have to participate in an automated multiple choice question exam. You have to score at least 60% to pass the exam and to qualify for Quality Licence Scheme endorsed and CPD QS accredited certificates. After passing the exam, you will be able to apply for a certificate. However, if you fail, you can always retake the exam for £3.99.
In addition, to enhance the depth of your knowledge regarding the course and further assess your learning, you are advised to complete the assignment questions provided at the end of the course, which you can complete anytime you wish. After submitting the assignment, our expert tutor will assess your assignment and will give you feedback on your performance.
Certification
After completing this course’s assessment, you will be eligible for:
A CPD QS accredited Certificate from One Education.