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Financial Crime Compliance Training Hub

Online courses for staff

People are your first line of defence against financial crime. Without the right knowledge, and confidence to act on it, even robust controls can fail. Effective compliance training helps staff recognise and respond to risks such as money laundering, sanctions breaches, tax evasion and fraud, reducing financial and reputational risk.

Skillcast provides expert-led, flexible online training that is ready to be rolled out across your organisation or can be tailored to your specific risks and requirements. Strengthen your compliance controls, reduce financial crime exposure and give your staff the confidence to act when it matters.

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Financial Crime Compliance Training for Staff

Elevate financial crime management and minimise regulatory risk

£100 billion

Is the approximate amount laundered through or within the UK each year*.

*Government Economic Crime Plan 2

860,000+

Suspicious Activity Reports (SARs) were received by the UK Financial Intelligence Unit in 2024/5.**

**National Crime Agency

95%

Of businesses consider themselves not to be at risk of money laundering although 33,500 have recently been impacted.***

***Economic Crime Survey

Fin Crime 712 x 550 page v1vv 5

How this hub helps your teams

Turn compliance knowledge into action and reduce financial crime risk with training that's relevant to role.

  • Compliance and Risk professionals:
    Keep compliance programmes current and reliable with expert-led AML compliance training and financial crime courses.
  • Operational and Customer-facing staff:
    Gain a clear understanding and build the confidence to identify and respond to financial crime risks with relevant training that uses real-world scenarios.
  • Managers, Human Resources (HR) and Learning & Development (L&D) teams:
    Simplify the delivery of training with ready-to-use courses and automated tracking, making it easier to assign relevant training, monitor and demonstrate compliance.

See similar compliance topics

Bribery prevention

Bribery prevention is a focus that forms part of a robust financial crime compliance framework

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Fraud Prevention

Fraud prevention is a branch of financial crime compliance, focusing on fraud risk identification and mitigation

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Risk Management

Effective financial crime compliance forms a core part of broader risk management, identifying and reducing threats

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It’s been a very positive experience for me. The videos make training easier to follow, it’s much quicker to learn, and it takes up less of my time. So well done on this new format — it gets a thumbs up from me!

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Strengthen financial crime prevention with our online compliance courses

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Conduct Rules for Senior Managers at Dual Regulated Firms

In-depth 60 Minutes UK For managers

Under the Senior Managers Regime, all senior managers must comply with the FCA's six Individual Conduct Rules (ICRs) and four Senior Managers Rules (SMRs).

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Financial Sanctions Compliance E-Learning Course

In-depth 45 Minutes UK For all staff

Financial and economic sanctions are binding prohibitions applied by governments to prevent business transactions with certain designated persons.

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Embargoes and Sanctions

In-depth 45 Minutes UK For all staff

Embargoes and sanctions prohibit all transactions with an entity, trading of certain commodities, or supplying critical goods.

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Information Barriers

In-depth 45 Minutes UK For all staff

The flow of information in financial firms needs monitoring between businesses involved with private and public side activities.

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Embargoes and Sanctions Training Course

In-depth 45 Minutes Global For all staff

Embargoes and sanctions prohibit transactions with an entity, trade in a commodity or the supply of goods.

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Market Abuse Regulation Training Course

In-depth 45 Minutes Global For all staff

Market Abuse Regulations prohibit insider dealing, unlawful disclosure of inside information and market manipulation.

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Financial Crime Prevention E-Learning Course for Staff

In-depth 40 Minutes UK For all staff

There are two kinds of financial crime.

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MCOB - General Standards

In-depth 40 Minutes UK For all staff

The Mortgage Conduct of Business (MCOB) for General Standards applies to all firms that deal with home finance.

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Ethical Standards in Insurance and Investment Compliance E-Learning

In-depth 40 Minutes UK For all staff

The FCA's ethical standards apply to individuals in finance and investment.

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Markets in Financial Instruments Directive II (MiFID II)

In-depth 40 Minutes UK For all staff

The Markets in Financial Instruments Directive (MiFID) originally aimed to increase competition and integration in markets for financial instruments.

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Whistleblowing for Managers (FS)

In-depth 35 Minutes UK For managers

Whistleblowing refers to disclosing corrupt, illegal or fraudulent activities committed by organisations.

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Complaints Handling for Managers

In-depth 35 Minutes UK For managers

One of the three operational objections of the FCA is to protect consumers.

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Financial Crime Prevention (Commercial Insurance)

In-depth 35 Minutes UK For all staff

There are two kinds of financial crime.

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Anti-Money Laundering and Counter-Terrorist Financing E-learning Course

In-depth 30 Minutes UK For all staff

To prevent criminal activity, nearly all countries in the world have committed themselves to extremely tough laws against money laundering and terrorist financing.

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Training and Competence

In-depth 30 Minutes UK For all staff

Training and Competence (T&C) forms an important part of UK regulations under the FCA.

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MCOB - APRC, Shortfalls and Charges

In-depth 30 Minutes UK For all staff

The Mortgage Conduct of Business (MCOB) for the Annual Percentage Rate of Charge (APRC), shortfalls, and charges apply to home finance businesses.

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Anti-Money Laundering and Counter-Terrorist Financing

In-depth 30 Minutes Global For all staff

Most countries have extremely tough AML laws with severe penalties.

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BCOBS - General Standards

In-depth 25 Minutes UK For all staff

The FCA Banking Conduct of Business Sourcebook (BCOBS) applies to all firms that accept deposits from banking customers in the UK.

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Payment Services Regulations

In-depth 25 Minutes UK For all staff

The Payment Services Regulations (PSRs) 2017 was introduced in 2018 and set the Payment Services Directive 2 (PSD2) in motion.

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Senior Management Arrangements Systems and Controls

In-depth 25 Minutes UK For managers

The Senior Management Arrangements Systems and Controls (SYSC) Sourcebook apply to authorised financial services firms.

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COBS - Client Categorisation

In-depth 20 Minutes UK For all staff

The Conduct of Business Sourcebook (COBS) applies to financial firms in the UK that deal with client investments.

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COBS - Dealing and Managing

In-depth 20 Minutes UK For all staff

The FCA Conduct of Business Sourcebook (COBS) applies to financial firms in the UK.

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FSCS Deposit Protection

In-depth 20 Minutes UK For all staff

The Financial Services Compensation Scheme (FSCS) safeguards customers' finances.

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Money Laundering and Terrorist Financing Risks of Virtual Assets

Express 20 Minutes UK For all staff

Unlike fiat currency, virtual assets are not managed by any bank or government, leaving them vulnerable to several unique risks concerning money laundering and terrorist financing.

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Anti-Money Laundering [Financial services version]

Refresher 15 Minutes UK For all staff

To prevent the proceeds of crime from finding their way into the formal economy, most countries have extremely tough laws with severe penalties.

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Economic Sanctions

Refresher 15 Minutes UK For all staff

Violation of sanctions issued by the UN, the US and the EU which place restrictions on payments and other financial transactions can result in fines as well as criminal charges.

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Counter Terrorist Financing

Express 15 Minutes UK For all staff

Terrorism is a huge risk that we face in the world today and like other human activities, it requires funding.

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Third-Party Due Diligence

Express 15 Minutes UK For all staff

Due diligence plays a vital role in protecting your Company.

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Suspicious Activity Reporting

Express 10 Minutes UK For all staff

It is your employees' legal duty to report any knowledge or suspicion of financial crime.

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Customer Due Diligence

Express 10 Minutes UK For all staff

Customer Due diligence is a legal requirement and plays a vital role in protecting your Company.

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Tipping Off

Express 10 Minutes UK For all staff

Tipping off a person about a money laundering or terrorist financing investigation is a criminal offence.

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Counter-Proliferation Financing

Express 10 Minutes UK For all staff

UK companies are required to tackle proliferation financing as part of their anti-money laundering and sanctions checks.

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Appropriate Use of Communication Channels

In-depth 10 Minutes UK For all staff

Not all communication channels are appropriate for business purposes.

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Understanding Sanctions

Microlearning 5 Minutes UK For all staff

Sanctions restrict business dealings with specific individuals organisations or countries to support global peace, human rights and crime prevention.

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Money Laundering Red Flags

Microlearning 5 Minutes UK For all staff

Detecting and reporting money laundering red flags is essential for maintaining anti-money laundering (AML) compliance.

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The Three Stages of Money Laundering

Microlearning 5 Minutes UK For all staff

Money laundering is the process criminals use to disguise illicit funds as legitimate income through placement, layering and integration.

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Preventing Tipping Off

Microlearning 5 Minutes UK For all staff

Tipping off is a criminal offence that occurs when someone under investigation for financial crime is made aware of the suspicion against them.

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Terrorist Financing Red Flags

Microlearning 5 Minutes UK For all staff

Terrorist groups use legal and illegal methods to raise and move funds, often exploiting financial systems to conceal their activities.

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Understanding Terrorist Financing

Microlearning 5 Minutes UK For all staff

Terrorist groups rely on financial support from various sources, both intentional and unintentional.

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Customer Due Diligence

Microlearning 5 Minutes UK For all staff

Customer due diligence helps protect us against financial crime by verifying customer identities and understanding their business activities.

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Enhanced Customer Due Diligence

Microlearning 5 Minutes UK For all staff

Enhanced customer due diligence is required for high-risk customers, including politically exposed persons, high-value transactions and clients from high-risk jurisdictions.

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Politically Exposed Persons

Microlearning 5 Minutes UK For all staff

Politically exposed persons present a high risk of money laundering due to their influence and access to state resources.

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Suspicious Activity Reporting

Microlearning 5 Minutes UK For all staff

Employees must report any knowledge or suspicion of money laundering or terrorist financing to the Money Laundering Reporting Officer.

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Unexplained Wealth Orders

Microlearning 5 Minutes UK For all staff

Unexplained wealth orders allow law enforcement to seize assets if their owners cannot justify their wealth as coming from a legitimate source.

Not sure where to begin?

We can help. Having delivered compliance training to over 1,400 customers, we understand what each business needs to achieve compliance success. That’s why we offer flexible training packages to ensure you receive a plan that matches your unique requirements.

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Start your compliance e-learning journey with a free trial

With this no-obligation free trial you'll have access to our libraries and compliance platform. 

Ready to start? Complete the form, and a member of the Skillcast team will be in touch with further details on how your trial works, what's included, and how to get started. 

Feefo Customer Rating  ★★★★★ 4.9/5

Common questions on financial crime compliance training

Financial Crime

How can I log and track incidents of financial crime in my organisation?

Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Our Policy Hub enables you to distribute policies such as your Anti-Money Laundering (AML) policy to employees, track acknowledgements, and send automated reminders. This ensures everyone understands their obligations and helps you maintain compliance with financial crime regulations.
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Can small businesses be held accountable under competition law?

Yes. Competition law applies to businesses of all sizes. Even small companies can face investigations and serious penalties for engaging in anti-competitive conduct.

Are informal conversations with competitors risky?

Absolutely. Informal chats, especially those involving prices, market plans, or customers, can constitute unlawful agreements and should be avoided.

What are the consequences of breaking competition law?

Violations can lead to heavy fines for companies, director disqualification, criminal prosecution, and reputational damage.

How can companies prevent anti-competitive behaviour?

By implementing regular compliance training, setting clear internal policies, encouraging reporting of concerns, and ensuring employees understand the legal risks.

Does the Criminal Finances Act 2017 apply to non-UK companies?

Yes. The Act can apply to overseas entities if any part of the tax evasion facilitation occurs within the UK or involves UK tax liabilities. Multinational firms with UK operations should take note.

What industries are most at risk under the Criminal Finances Act?

Industries with complex financial transactions, high-value assets, or extensive third-party relationships such as banking, legal services, real estate, and professional consulting are particularly exposed to conduct and facilitation risks.

How often should businesses review their tax evasion prevention procedures?

Best practice is to conduct reviews annually or whenever there are significant changes in business operations, regulatory guidance, or risk exposure. Regular audits help ensure ongoing compliance.

Can small businesses be prosecuted under the Criminal Finances Act 2017?

Yes. The Act applies to all organisations, regardless of size. However, the HMRC’s guiding principles allow for proportionality, meaning smaller firms are expected to implement controls that match their risk level and operational complexity.

What industries are most vulnerable to proliferation financing risks?

Industries dealing with dual-use goods, advanced technologies, chemicals, and logistics are particularly exposed. Financial institutions supporting international trade also face elevated risks.

How can small businesses ensure compliance with proliferation financing regulations?

Even SMEs should implement basic risk assessments, maintain up-to-date sanctions screening tools, and train staff on red flags related to trade-based money laundering and dual-use items.

Are there international standards for combating proliferation financing?

Yes. The Financial Action Task Force (FATF) provides global guidelines, including Recommendation 7, which focuses on targeted financial sanctions related to proliferation.

What are “dual-use goods” and why are they significant?

Dual-use goods are items that can serve both civilian and military purposes. Their trade is tightly regulated due to the potential for misuse in weapons development.

How often should proliferation financing risk assessments be updated?

Best practice suggests reviewing risk assessments annually or whenever there are significant changes in business operations, customer profiles, or geopolitical developments.

What is an anti-money laundering check?

As per Experian, AML checks “help prevent money laundering by confirming potential customers and businesses are who they say they are, and assessing how likely it is they’re involved in financial crime. For entities regulated by the Financial Conduct Authority (FCA), this due diligence is considered essential and is a legal requirement”.

What is anti-money laundering compliance?

Following AML laws, regulations and procedures to detect and stop suspicious and illicit money flows, including fraud and terrorist financing.