ANTI-MONEY LAUNDERING training course
- COURSE NAME:ANTI-MONEY LAUNDERING COURSE
- REQUIREMENTS: Computer and Internet.
- ENTRY LEVEL: All levels, basic numeracy and literacy.
- MINIMUM TIME: 2 Hours +
- PASS RATE: Required 80%, unlimited re-take.
- EXAM TYPE: Online QUIZ, True/False and Match.
- CERTIFICATE: Instant download on completion.
This Anti- Money Laundering and Counter Financing of Terrorism course seeks to equip participants with knowledge pertaining to regulatory and structural requirements needed to comply with Anti-Money Laundering/Counter Financing of Terrorism requirements.
ANTI-MONEY LAUNDERING training course
COURSE CONTENT:
1. INTRODUCTION TO MONEY LAUNDERING
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- MONEY LAUNDERING HISTORY
- KEY TAKEAWAYS
- MONEY LAUNDERING A MASSIVE PROBLEM
- REGULATION REQUIREMENTS
2. ANTI-MONEY LAUNDERING LEGISLATION AND REGULATORY FRAMEWORK
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- INTRODUCTION
- UNITED NATION CONVENTIONS
- ANTI-MONEY LAUNDERING LEGISLATION IN THE UK
3. ANTI-MONEY LAUNDERING ORGANISATIONS RESPONSIBILITIES
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- INTRODUCTION
- COMMON TERMINOLOGY USED
- COMPANY COMPLIANCE
- REPORTING OFFICER
- EMPLOYEE SCREENING
- EMPLOYEE RESPONSIBILITIES
- ANTI-LAUNDERING POLICIES
4. ANTI-MONEY LAUNDERING RISK BASED APPROACH
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- COMMON TERMINOLOGY USED
- TYPES OF BUSINESS TO BE IDENTIFIED
- YOUR CUSTOMERS
- LOCATION
- SECTOR
- DEVELOPING A RISK BASED APPROACH
5. CUSTOMER DUE DILIGENCE
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- INTRODUCTION
- COMMON TERMINOLOGY USED
- CUSTOMER DUE DILIGENCE
- SITUATIONS TO APPLY TO
- CUSTOMER IDENTIFICATION OF BENEFICIAL OWNERS
- CUSTOMER DUE DILIGENCE MEASURES
- ENHANCED DUE DILIGENCE (E.D.D.)
- SIMPLIFIED DUE DILIGENCE (S.D.D.)
- POLITICALLY EXPOSED PERSONS (P.E.P.)
- RECORD KEEPING
- HIGH RISK COUNTRIES
6. RECORD KEEPING
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- INTRODUCTION
- COMMON TERMINOLOGY USED
- DUE DILIGENCE RECORDS
- SUSPICIOUS ACTIVITY REPORTS (S.A.R.)
- TRAINING RECORDS AND AWARENESS
- GENERAL RECORDS OF INTERNAL A.M.L. CONTROLS
- USE OF ELECTRONIC DATA
- DELETION OF PERSONAL DATA
7. IDENTIFYING AND REPORTING SUSPICIOUS ACTIVITY
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- IDENTIFYING SUSPICIOUS ACTIVITY
- SUSPICIOUS ACTIVITY REPORTING
- INCLUDED IN EXTERNAL SAR
- CONFIDENTIALITY
- CONSENT NEEDED
- BUSINESS OPERATION AFTER SUBMISSION OF SAR
- REPORTING SUSPICIOUS ACTIVITY
- WHISTLE-BLOWING
8. STAFF TRAINING
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- RELEVANT BUSINESS
- TRAINING PROGRAMS
- TRAINING REQUIREMENTS
- NOMINATED OFFICER
- WHEN TO TRAIN
- WHEN SHOULD TRAINING BE COMPLETED?
- CPD TRAINING