Anti-Money Laundering
This course explains how criminals try to make the proceeds of crime look legitimate, and the UK laws designed to stop them, including the Proceeds of Crime Act 2002, the Money Laundering Regulations 2017 and the Terrorism Act 2000. You will learn about customer due diligence, common red flags, the role of the nominated officer and how internal reports and Suspicious Activity Reports work. You will also learn why you must never tip off someone you suspect.
- Modules
- 4
- Duration
- About 45 minutes
- Pass mark
- 80%
- Assessment
- 10 questions from a bank of 17
Learning outcomes
- ✓Explain what money laundering and terrorist financing are and the three stages of laundering.
- ✓Describe the main offences under the Proceeds of Crime Act 2002 and the Terrorism Act 2000.
- ✓Outline the customer due diligence requirements in the Money Laundering Regulations 2017.
- ✓Recognise red flags that may indicate money laundering or terrorist financing.
- ✓Make an internal report to the nominated officer promptly and know how Suspicious Activity Reports work.
- ✓Avoid tipping off or prejudicing an investigation.
Course contents
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Module 1: Understanding money laundering
Video (4 scenes) · 2 lessons · 2 practice questions
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Module 2: The law in the UK
Video (4 scenes) · 2 lessons · 3 practice questions
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Module 3: Customer due diligence and red flags
Video (4 scenes) · 2 lessons · 2 practice questions
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Module 4: Reporting suspicions and tipping off
Video (4 scenes) · 2 lessons · 2 practice questions
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Final assessment & certificate