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)
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 MSBs (US)
This course covers The Bank Secrecy Act, the Money Laundering Control Act of 1986, The USA PATRIOT Act, the Gramm-Leach-Bliley Act and regulations of the Office of Foreign Assets Control (OFAC).
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 investment firms with an understanding of the money-laundering process in Trade Finance, the effective measures to mitigate money laundering and terrorist financing and the responsibilities of employees to help detect and prevent it.

Features

Content for the Thomson Reuters MicroLearning Suite is powered by world-leading regulatory intelligence, which tracks over 500 regulators and exchanges globally.

Intended as a supplemental solution to our 800+ customizable compliance training course library, this learning suite changes the approach to online AML training, from a ‘once-a-year’ event to a steady flow of interesting and informative trainings that reinforce both the ‘tone from the top’ and an organization’s core values.

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