Online AML Training

Anti-Money Laundering (AML)

Training course

Geography Covered: Global | Duration: 30-60 minutes

Money laundering is a potential indicator of terrorist funding and other global crimes, making AML training even more necessary. This AML training course is intended to familiarize employees with the process of money laundering — the criminal business used to disguise the true origin and ownership of illegal cash — and the laws that make it a crime.

 

anti-money laundering, aml

Summary

Can you imagine a drug dealer using a credit-card terminal to accept payment? How about someone paying for a television they bought off the back of a truck with a personal check? Hard to imagine, right? Most criminals conduct their business in cash. For years, criminals kept their ill-gotten gains in cash and used it to pay for everything from real estate to jewelry to things such as private school tuition. This prompted governments around the globe to pass laws prohibiting large cash payments or, at the least, requiring such payments to be reported. These laws created the need for criminals to conceal the true source of the money or to "launder" it.

To combat these threats, laws and regulations have been enacted in countries around the globe that make financial services firms, and in some cases individuals, responsible for preventing or stopping money laundering. Moreover, these laws are frequently updated to deal with ever more sophisticated money laundering schemes. As the burden to stop money laundering largely falls to individual institutions, a lack of AML training and failure to enforce money laundering laws routinely results in multimillion — and occasionally billion — dollar fines. The inevitable and irreversible reputational damage is more difficult to quantify but equally destructive to both the organization involved and its principals.

The available versions for this course include:

AML APAC
This course covers the anti-money laundering laws of Singapore, Hong Kong, Australia, Japan, Malaysia and New Zealand.
AML Africa
This course analyzes financial crime topics including money laundering, terrorist financing, fraud and bribery and corruption. The course raises awareness of financial crime risks, global laws and regulations, laws and regulations applicable to specific nations in Africa, and the systems and controls aimed at detecting and preventing financial criminal acts.
AML Australia
This course provides staff working in financial firms with an understanding of the process of money laundering, the Australian laws and regulations that make it illegal and the responsibilities of employees to help detect and prevent it.
AML Canada
This course covers the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
AML Ireland
This course covers The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 and The Criminal Justice Act 2013.
AML (Germany)
This course covers the rules and obligations enforced by regulators in the DACH region that are designed to prevent firms from being targeted by money launderers and other criminals. Focuses on German regulation, to be applied to German firms or firms doing business in Germany.
AML United States
This course is recommended for all employees who need to understand the process of money laundering, the laws that make it a crime, and how to prevent it.
AML Global
This course provides staff with an understanding of the process of money laundering, the laws and regulations that make it illegal, and the responsibilities of employees to help detect and prevent it.
AML and Counter-Terrorism Financing (APAC)
This course presents an overview of money laundering and terrorist financing with a focus on APAC laws and regulations that help firms and employees combat these financial crimes.
AML Investment Firms (France)
This course covers the European Parliament's Anti-Money Laundering Directive, France's Monetary and Financial Code, and other anti-money laundering laws and regulations as they apply to investment firms. AML Investment Firms (Luxembourg) — covers federal anti-money laundering laws as they apply to investment firms.
AML Investment Firms (Germany)
This course provides staff working in investment firms with an understanding of the process of money laundering, the laws and regulations that make it illegal, and the responsibilities of employees to help detect and prevent it.
AML Investment Firms (Switzerland)
This course covers the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector and a corresponding Ordinance of the Swiss Financial Market Supervisory Authority on the Prevention of Money Laundering and Terrorist Financing.
AML Investment Firms (UK and Europe)
This course provides staff working in investment firms with an understanding of the process of money laundering, the laws and regulations that make it illegal and the responsibilities of employees to help detect and prevent it.
Anti-Money Laundering for MSBs (US)
This course is recommended for employees of money service businesses (MSBs) who need to understand the laws that make money laundering a crime. It covers anti-money laundering rules and regulations that MSBs must comply with and explains how they affect employees' day-to-day job responsibilities.
AML Trade Finance and Trade Based Money Laundering (APAC)
This course provides staff working in investment firms with an understanding of the process of money laundering in Trade Finance, the effective measures to mitigate money laundering and terrorist financing and the responsibilities of employees to help detect and prevent it.
AML Investment Firms (Luxembourg)
This course provides staff working in investment firms with an understanding of the process of money laundering, the laws and regulations that make it illegal and the responsibilities of employees to help detect and prevent it.
Trade Finance and Trade Based Money Laundering (Global)
This course provides staff working in financial firms with an understanding of the process of money laundering in trade finance, the effective measures to mitigate money laundering and terrorist financing and the responsibilities of employees to help detect and prevent it.
(AML) Trade Finance (UK and Europe)
Money laundering and the related field of terrorist financing, present a very severe threat to individual companies as well as national and global financial systems. This course provides trade finance firms with an understanding of their role in preventing money laundering.
(AML) Law Firms (Luxembourg)
Lawyers are key professionals in the business and financial world, facilitating vital transactions that underpin the Luxembourg economy. As such, they have a significant role to play in ensuring that their services are not used to further a criminal purpose. Money laundering and terrorist Financing are serious threats to society, losing revenue and endangering life, and fuelling other criminal activity. This course will provide Law Firms with an understanding of how to prevent money laundering.
Anti-Money Laundering - Insurance
This course is intended for all professionals who are in or provide services to the insurance sector. It will familiarize them with processes used by money launderers, the principal ways in which money launderers tend to target the insurance sector, and best practices in detecting and dealing with the risk of money laundering. The course is designed as a general, global course on anti-money laundering with reference to the insurance sector. It does not cover specific national regulatory requirements or specific company policies.
Anti-Money Laundering (Pakistan)
The purpose of this course is to (1) set out the risks for banks to be susceptible to money laundering and terrorist finance, and (2) understand the specific measures undertaken by financial institutions in Pakistan to identify, prevent and report money laundering practices.
Anti-Money Laundering - Retail Banking
The purpose of this AML for retail banking course is to set out the money laundering and terrorism finance risks that apply to retail banks. The course will also highlight measures undertaken by financial organisations to identify, prevent and report money-laundering practices. Additionally, the course provides an overview of the expectations of the key global regulatory bodies, and some practical examples of the consequences when banks fail to meet AML/CTF requirements.
Anti-Money Laundering (China)
The purpose of this AML in China course is to (1) set out the risks for banks to be susceptible to money laundering and terrorist financing, and (2) understand the specific measures undertaken by Chinese banking organisations to identify, prevent and report money-laundering and terrorist financing practices. Additionally, the course provides a deep dive into the People’s Bank of China's (PBOC) AML expectations.
Anti-Money Laundering for Commercial Banking
The purpose of this AML for Commercial Banking course is to set out the money laundering and terrorism finance risks for Commercial Banks. The course will also highlight measures undertaken by financial organisations to identify, prevent and report money laundering practices. Additionally, the course provides an overview of the expectations of the key global regulatory bodies for commercial banks, and some practical examples of the consequences when banks have failed to meet regulatory requirements.

Features

Like all our courses, the Anti-Money Laundering compliance training courses are written by attorneys and powered by world-leading regulatory intelligence, which tracks more than 550 regulators and exchanges globally to ensure the course content is always up to date.

We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and encourages compliant behavior.

Anti-Money Laundering compliance training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

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