UK Anti-money Laundering & CTF Training

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.

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UK Anti-money Laundering & CTF Training

About this Course

Versions are available as part of our Compliance Essentials and FCA Compliance Libraries.

Learning Objectives

This course will prepare your employees to:

  • Identify money laundering and terrorist financing and how it takes place
  • Conduct proportionate, risk-based customer due diligence (CDD)
  • Identify common red flags and take appropriate action
  • Recognise when and how to seek advice and report suspicions
  • Fulfil your obligation not to tip off anyone suspected of money laundering or terrorist financing

Latest Course Updates

  • Course redesigned with a more modern feel
  • Full review conducted by an AML expert
  • Text & image updates throughout the course
  • 19 new news stories to illustrate key AML issues
  • 10 updated activities & scenarios
  • Updated post-course assessment with 20 new questions

Course Outline

Welcome

What is money laundering & terrorist financing?

- 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

AML/CTF legislation

- Money Laundering Regulations
- Predict offences
- The 22 predicate offences
- You decide: Predicate offence or not?

Offences & penalties

- How could you be implicated?
- You decide: What's the risk?
- Corporate sanctions
- Scenario: A scandal abroad

AML/CTF controls

- Crossing the line: AML/CTF Policy
- What this means for you

- You decide: Complying with our AML/CTF Policy

Customer due diligence (CDD)

- 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?

Politically exposed persons (PEPs)

- Crossing the line: Politically exposed persons
- Scenario: Dealing with PEPs
- Scenario: The family connection
- Scenario: A questionable association
- Best practice: Politically exposed persons

CDD: On-going monitoring

- 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

Reporting suspicions

- Crossing the line: Reporting suspicions
- Scenario: When to report

Tipping off

- Scenario: Avoiding tipping off

Keeping records

- Crossing the line: Keeping records
- Scenario: A potential investigation

What do you think: Is it an offence?

Summary

Affirmation

Assessment

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Compliance Essentials

Course Specifications

Structure

Structure

Approximately 45-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.