The UK has enacted tough anti-money laundering (AML) legislation with severe penalties. Money laundering is when criminal proceeds enter into the formal economy via transactions designed to conceal their true origins.
It also has counter-terrorist financing (CTF) laws to stop rogue regimes and terrorist organisations moving money under cover of trade payments, investments and money for education.
Our UK AML & CTF Course will help your staff understand their obligations regarding prevention, due diligence and reporting suspicious activity.
Our complementary Global AML & CT Course provides additional training covering 17 key regulatory regimes.
This course will prepare your employees to:
- Crossing the line: Money laundering & terrorist financing
- You decide: Money laundering or terrorist financing?
- The three-stage money laundering process
- Further ways to launder money
- You decide: Laundering the proceeds of crime
- Money Laundering Regulations
- Predict offences
- The 22 predicate offences
- You decide: Predicate offence or not?
- How could you be implicated?
- You decide: What's the risk?
- Corporate sanctions
- Scenario: A scandal abroad
- Crossing the line: AML/CTF Policy
- What this means for you
- You decide: Complying with our AML/CTF Policy
- Assessing risk
- Standard CDD
- You decide: Is the evidence sufficient?
- Best practice: Standard CDD
- Scenario: A postal application
- Scenario: A customer can't provide full evidence
- Due diligence of other entities
- Scenario: The UHNW customer
- Scenario: The delay
- Simplified due diligence (SDD)
- Enhanced due diligence (EDD)
- You decide: What level of due diligence?
- Crossing the line: Politically exposed persons
- Scenario: Dealing with PEPs
- Scenario: The family connection
- Scenario: A questionable association
- Best practice: Politically exposed persons
- CDD examples
- Crossing the line: Ongoing monitoring
- What should you look out for?
- You decide: Report or not?
- Scenario: Unaffected by conflict
- Scenario: A director facing charges
- Scenario: Gut instinct
- Scenario: Missing information
- Crossing the line: Reporting suspicions
- Scenario: When to report
- Scenario: Avoiding tipping off
- Crossing the line: Keeping records
- Scenario: A potential investigation
Approximately 45-minute long e-learning course followed by a 10-question assessment.
Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.
SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.
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.
Fully customisable on Skillcast Portal CMS.
Pre-translated versions not available, but all text content can be exported for translation into all languages.
Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.