Anti-money laundering is a good skill to learn if you want to become a senior member service representative, money manager, or tax compliance agent. Here are the top courses to learn anti-money laundering:
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1. Anti-Money Laundering (AML) Fundamentals
This course on Anti-Money Laundering Fundamentals is designed to provide candidates with a basic knowledge of concepts such as the methods and risks of money laundering, which are essential for those looking to start a career or develop their skills in the AML and compliance field. It is comprised of three modules: Methods of Money Laundering, Risks of Money Laundering and the Global Regulations on AML and Combating Terrorism Financing (CFT). At the end of each module, there is a quiz designed to test your knowledge on the topics covered. Additionally, this course provides the necessary foundation to pursue the prestigious CAMS certification, which is considered the gold standard in AML certifications and recognized by financial institutions and regulators around the world...
2. Anti-Money Laundering in Gambling
This course will introduce you to the importance of anti-money laundering and counter terrorist financing within gambling. It will explore the regulatory approach towards money laundering within the gaming industry and will provide you with a clear understanding of how gambling is used to launder criminal proceeds and the methods used to assess and combat the risks. The main learning outcomes of the course will be;To understand what money laundering and terrorist financing is, why the gambling industry is so attractive to criminals and the three stages of money laundering. To gain an overview of regulatory and legislative concepts that govern the way in which the gambling industry responds to money laundering risk, what the risk based approach is and what are some of the key risk indicators of money laundering in online and land-based gamblingTo be able to explain the different types of money laundering risks within gambling and how present and future risks can assessed To recognise how effective policies, procedures and processes can mitigate money laundering risk within a gambling business and the skills needed to be a competent AML professional. To learn how culture and governance can influence and help establish a compliance-forward organisation and staff...
3. Anti-Money Laundering (AML) Business Risk Assessment
Your Goals and ProfileChoose our course if you want to become knowledgeable in:(a) the categories of money laundering risks, related to the types of customers, particular products and services, geographical exposure, and product delivery channels;(b) the methodology of AML risk management, including the likelihood and impact of money laundering risks, qualitative and quantitative analysis, the notions of inherent and residual risks and assessing the effectiveness of controls;(c) the steps of carrying out an AML risk assessment, which are identifying and assessing risks, defining control measures, and determining, whether the residual risk falls within your company's risk appetite;(d) the vulnerabilities of particular industries and products, that can be exploited by money launderers; we will review the following types of businesses: - cash-intensive businesses; - banking, payments, e-money and fintech industries; - cryptocurrency and virtual financial assets service providers; - providers of corporate services; - traders in high-value goods; - accountants and tax advisors; - notaries and legal professionals; - gambling sector entities; - free-trade zones; and - citizenship for investment programs.(e) the typical mistakes made while carrying out the entity-wide money laundering risk assessments. The Sources of Information UsedThe sources of information used are the recommendations and publications by:- the Financial Action Task Force (FATF);- the US Financial Crimes Enforcement Network (FinCEN); - Organisation for Economic Co-operation and Development (OECD);- The Wolfsberg Group;- European Banking Authority;- International Compliance Association; and- The Basel Institute on Governance. Why is our Course DifferentThere is no shortage of AML courses on the market. Most often, they teach you the basic concepts while attempting to cover the whole spectrum of anti-money laundering, sometimes in just one hour of total training. We are offering you something different. This is a specialized course, devoted to the primary element of any AML framework, which is an entity-wide AML business risk assessment. Additional Value for Money1) all sections of the course will be supplemented by quizzes that will help to check your understanding of the concepts;2) you will obtain a template spreadsheet to use when carrying out AML risk assessments;3) the course provides plenty of additional materials for further reading;2) upon completion, you will be issued a certificate. What's Next?Our future courses in this series, will cover other aspects of AML, such as customer-level risk assessment, KYC and customer due diligence, ongoing monitoring of transactions and customer relationships, risks related to politically exposed persons and international sanctions, enhanced due diligence, dealing with high-risk and non-reputable jurisdictions, internal and external reporting of suspicious transactions, etc...
4. Anti-Money Laundering and Combating Terrorism Financing
[March 2023 Update]Modules subtitled in six (6) languages - Dutch, French, Japanese, Portuguese, Simplified Chinese, TurkishAdded module on State capture and money laundering. Updated general content and added Money Laundering and Terrorism Financing modules, more details on the three + 1 topics (KYC, CDD, EDD & AML Risk, including quizzes, case studies and assignments. Bonus Resources include- Wolfsberg AML Principle on Political Exposed Persons (PEPs)This course is a five-series topic covering the fundamentals or concepts of AML/CFT compliance. The course aims to enable students not just to be able to describe money laundering and terrorist financing; but also to understand predicate offenses, customer due diligence, and risk. The knowledge to be gained will build students' job-related confidence. This course will cover definitions, concepts, and processes that you will need to plan your policies, among other things. These will extensively address the following. Introduce you to money laundering (ML) and terrorism financing (TF). It will also explain how these two illegal activities are related. Taught in a thorough but straightforward explanatory style which will coverThe art of disguising laundered money, a brief history of Money Laundering and lesson on state capture, tax havens. How ML/TF are committed; learn about predicate crimesLearn about an uncommon type of terrorism - Eco-terrorism in terms of its nature, history, philosophical justifications of its perpetrators, and some of the tactics used by eco-terrorists. What is Know-Your-Customer (KYC)? Why KYC is necessary, why financial institutions like banks, insurance companies and others are easy Money Laundering targets. Financial and non-institutions must go beyond just identifying their customers to familiarize themselves with the right processes and learn about the KYC guidelines. Under Customer-Due-Diligence (CDD), we will define CDD and differentiate between KYC and CDD. We will also explain why CDD is Important and what best standards are available. We will examine the essentials of a proper KYC/CDD strategy and why we need a good plan. Under Enhanced-Due-Diligence (EDD) - what is it all about and when is it applied, how do you de-escalate enhanced risk etc. BONUS resource - Wolfsberg AML Principle on PEPs - Definitions, identify high-risk associates, family members etc And lastly, we will discuss Anti Money Laundering (AML) risks in detail -This will be addressed by Region, Financial Institution Products, and types of Customers and their transactions...
5. Anti-Money Laundering Concepts: AML, KYC and Compliance
[April 2023 Update]Updated content for the lecture on Consequences of Money LaunderingWelcome to the course on Anti-Money Laundering (AML), where you will learn about the key issues faced by financial institutions today: Money Laundering and Terrorist Financing. This course will educate you on Money Laundering and Terrorist Financing laws, Know Your Customer, Customer Due Diligence, Sanctions and Politically Exposed Persons. This is a comprehensive course that captures all relevant concepts required for training employees of an organization. We will start the course by understanding the term Money Laundering and will then cover the process & impact of the same. Post which, we will learn about terrorist financing and then cover the differences and similarities between money laundering & terrorist financing. In the next lectures, we will cover the Anti-Money Laundering policies along with KYC procedures, Economic Sanctions & Politically exposed persons. We will also go through some common indicators to identify suspicious Money Laundering activity. There are no prerequisites for this course and can be completed in ~2 hrs (including situation based practice scenarios & exercises). Course enrollment grants you lifetime access, with no expiration, to all the course lectures. In addition, you'll also receive 1-on-1 support for any questions or uncertainties that come up. And this all comes with a money-back guarantee. You have nothing to lose and so much knowledge to gain. Just ask the students who've already taken this course:★★★★★ 1.5 hours of lecture will cover up all the topics of AML KYC , its very much helpfull to learn and you can always apply on your real life senarios, also help you to takle complex interviews questions.-Supratim Majumder★★★★★ This course was very informative and covered a wide variety of areas. I especially liked the fact scenarios to test assimilation of the material and the guidance on what to include in a money laundering policy. Thanks for that.- Danine K. Jones★★★★★ The Course is Great and I suggest not only Business Personalities or the Person in Financial Field, But, to Everyone as it is very important content. This should be Educated and printed in Text Books of Students too. I admire the Instructor and Thank You and I hope this helps everyone.- Abdulbasiru Rabilu★★★★ It was nice taking this course, i have acquired more knowledge about money laundering and i love the way videos and quiz has been set.-Pillwax Bulambo★★★★★ I was very fascinated about the topic from the very start of the course. The course was great and especially with the examples the understanding was clear and crisp.-Subham Saha...
6. Anti Money Laundering (AML) - Become a Subject Matter Expert
By the end of this course you will be a Subject Matter Expert on PEP risk within the Financial Crime and Anti Money Laundering (AML) Industry. This course will not only provide you with a practical understanding of what PEPs are and the Anti Bribery and Corruption & Terrorist Financing risks associated with PEPs, but it ill also provide you with the knowledge on how a PEP name screening detection system is designed and implemented. You will understand from an operational perspective how to conduct PEP alert investigation from start to finish. You will understand how a name screening system works from how to source PEP data as well as understanding how to set system thresholds and tuning the system to increase efficiency and effectiveness, as well as getting a glimpse into various suppression techniques used to help operational efficiency. You will also learn about the different types of PEPs and their risk as well as PEP declassification You will also understand the wider financial crime framework and where PEP name screening falls within client life cycle management. This course will give you a 360-degree understanding into the world of Financial Crime PEP risk, from identification to the associated treatment strategy involved...
7. All-Inclusive Guide to Anti-Money Laundering Compliance 2023
The All-Inclusive Guide to Anti-Money Laundering Compliance is the course that you need to gain or enhance your knowledge in Anti-Money Laundering (AML) matters. At the end of this course, I guarantee that you will be a more resourceful person in AML compliance. The right words, pictures (perfect illustrations) and examples have been meticulously picked for you to better understand each lesson. Throughout the course, realistic examples will be provided for your benefit. Every section will end with a case study and you will have to complete some practical questions in order to test your understanding at the end of the course. In the first section, you will learn about the concept of money laundering, terrorist financing and some key bodies. You will then understand the importance and the role of key compliance officers. Just after, you will learn about the "risk-based approach", the risk assessment exercise (for a business and its clients) and the importance of establishing strong policies, procedures and controls. Moreover, I will cover the Customer Due Diligence (CDD) lessons, namely a standard CDD, a simplified one and an enhanced CDD. You will also know the difference between Know-Your-Client (KYC) and CDD. After that, you will learn about some high-risk factors, the various screening methods (public domain, risk intelligence database and several sanctions lists), the concept of placing reliance on third parties to conduct part of the CDD measures and ongoing monitoring of transactions. I will then go through some interesting money laundering techniques, some indicators of suspicious transactions and key tips on how to scrutinize suspicious transactions. You will then learn about the tipping-off concept and the steps to report a suspicious transaction. Then, I will cover the record keeping requirements, the importance of screening officers and employees, the usefulness of training and the risk of having an untrained workforce. Just after, you will learn about the importance of appointing an independent auditor to check the effectiveness of the AML framework. I will end this section with the repercussions of non-compliance. Finally, I will take you through the key takeaways from this course, where you will also be apprised of some interesting facts about money launderers. To demonstrate your diligence throughout this course, you will be awarded with a Certificate upon completion. In case you wish to discuss on any subject covered in this lesson or require further enlightenment on a particular subject, please feel free to comment in the discussion forum and I will personally attend to your queries. You may also reach out to me (Hassita Nowbuth) on LinkedIn. Course enrollment grants you lifetime access, with no expiration. Guaranteed, you have so much to learn from this course...
Jobs that use Anti-Money Laundering
Updated December 8, 2023