Compliance Essentials Course Library

AML & CTF Compliance Training Course

When the proceeds of crime find their way into the formal economy via a web of transactions designed to conceal their true origins, this is money laundering.

To prevent this criminal activity, nearly all countries in the world have committed themselves to extremely tough laws against money laundering that incur severe penalties.

Terrorist financing can come from rogue regimes or well-organised terrorist organisations that feed their cells worldwide under cover of trade payments, investments, remittances and money for education.

Our AML & CTF Compliance Training Course covers regulatory regimes across 17 key regions.

For a UK focus, see our AML & CTF Training Course.

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AML & CTF Compliance Training Course
Compliance Essentials Course Library

About this Course

Our global AML & CTF Compliance Training Course helps your employees understand their obligations in relation to preventing these crimes.

Learning Objectives

This course will prepare your employees to:

  • Define money laundering and terrorist financing
  • Recognise their legal obligation to prevent money laundering and terrorist financing
  • Explain your company's policies & procedures for the prevention of money laundering & terrorist financing
  • Conduct proportionate risk-based Customer Due Diligence
  • Spot common red flags and taking appropriate action
  • Know when & how to seek advice or report suspicions of money laundering or terrorist financing
  • Fulfil their obligation not to tip-off anyone suspected of money laundering or terrorist financing

New in 2021

Full design review conducted by an AML expert.

  • Text & image updates throughout the course
  • New pages, activities & scenarios
  • News illustrative AML story
  • New Canadian legislation section
  • Clarification added regarding reporting & tipping off
  • Updated scenarios & learning activities
  • Updated post-course assessment questions

Course Outline

Welcome

What is money laundering?

- What is terrorist financing?
- You make the call: Is it money laundering or terrorist
- financing?
- How does money laundering work?

Consequences: In the news…

- How could you get implicated?
- You make the call: What's the risk?

AML/CTF controls

- What this means for you
- Exercise: Dos and don'ts of AML/CTF compliance

Customer due diligence (CDD)

- Assessing risk
- Standard CDD
- You make the call: Is the evidence sufficient?
- Best practice for standard CDD
- Scenario: The distance sale
- Scenario: Customer who can't provide full evidence
- Due diligence of other entities
- Scenario: UHNW customer
- Scenario: The delay
- Simplified due diligence (SDD)
- Enhanced due diligence (EDD)
- You make the call: What level of due diligence?

Politically exposed persons (PEPs)

- Scenario: Dealing with PEPs
- Our rules on PEPs

CDD: On-going monitoring

- What should you look out for?
- You make the call: To report or not?
- Scenario: The outlier
- Scenario: Derek's case
- Scenario: Nicola revisited

Reporting suspicions

- Scenario: When to report
- Scenario: Avoiding tipping-off
- Record keeping

AML/CTF around the world

- USA
- France
- UK
- European Union (EU)
- Cayman Islands
- Australia
- China
- Germany
- Hong Kong
- India
- Isle of Man
- Japan
- Jersey
- Luxembourg
- Singapore
- Switzerland
- UAE
- What do you think: Is it an offence?

Summary

Affirmation

Assessment

Compliance Essentials

Our comprehensive off-the-shelf compliance solution of 30+ in-depth courses and dozens of microlearning modules helps companies from SMEs to global corporates to achieve compliance success.

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Compliance Essentials
Compliance Essentials Course Library

Course Specifications

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Structure

Approximately 40-minute long e-learning course followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply by passing the assessment.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.