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.

About this Course

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.

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

Course Specifications

Structure

Approximately 45-minute long e-learning course followed by a 10-question assessment.

Audience

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

Design

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

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.