UK Anti-money Laundering & CTF Training

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.

The UK, like most countries, has enacted tough anti-money laundering (AML) legislation with severe penalties.

It also has counter-terrorist financing (CTF) laws to stop rogue regimes and terrorist organisations moving money under cover of trade payments, investments, remittances 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. 

Start a Free Trial

UK Anti-money Laundering & CTF Training

About this Course

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

Learning Objectives

This course will prepare your employees to:

  • Define what money laundering and terrorist financing are
  • Recognise their legal obligation to prevent money laundering and terrorist financing
  • Explain your Company's policies and procedures for preventing money laundering and terrorist financing
  • Conduct proportionate risk-based Customer Due Diligence
  • Spot common red flags and take appropriate action
  • Know when and how to seek advice and report suspicions of money laundering or terrorist financing
  • Ensure that they don't 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
  • Additional content added to reflect Brexit
  • New illustrative AML story
  • Clarifications 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: 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 laws and regulations

- Money Laundering Regulations 2017
- You make the call: MLR 2017
- Offences and penalties

Corporate sanctions

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.

Start a Free Trial

Compliance Essentials

Course Specifications

Structure

Structure

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

Icon

Audience

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

Icon

Design

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

Icon

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.

Icon

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.

Icon

Tailoring

Fully customisable on Skillcast Portal CMS. 

Icon

Translation

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

Icon

Localisation

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