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Anti-Money Laundering Awareness eLearning
Online anti-money laundering training for regulated businesses: what money laundering looks like in your sector, what your staff must report, and who they report it to.
Who it is for
Who this anti-money laundering course is for
AML training is an obligation for businesses in the regulated sector, and the obligation lands on every relevant employee rather than only the compliance team. If your business is caught by the Money Laundering Regulations, everyone who touches a client relationship or a payment needs this.
- Accountants, bookkeepers, tax advisers and auditors
- Estate and letting agents, and property professionals
- Solicitors and legal professionals
- Financial services, credit and payment firms
- High-value dealers and art market participants
- Nominated officers and MLROs briefing their teams
- New starters in any regulated business, at induction
Course content
What the anti-money laundering course covers
Six short modules that go from what money laundering is to what an employee actually does when something looks wrong. They report it internally, not make a decision on their own.
What money laundering is
The stages of laundering and what it looks like when it passes through an ordinary business.
The legal framework
The Regulations and the offences behind them, in language a non-specialist can act on.
Links to terrorism and crime
Why terrorist financing sits alongside money laundering, and how the obligations differ.
Who is in scope
Which businesses and roles the Money Laundering Regulations apply to, and what that means day to day.
Policies, controls and the nominated officer
What your business must have in place, and the role of the nominated officer or MLRO.
Spotting and reporting
Red flags, suspicion, internal reporting, and why tipping off is an offence in itself.
Outcomes
What you will be able to do afterwards
- Explain what money laundering is and how it moves through a business
- Recognise the red flags relevant to your own role
- Say whether your business is in the regulated sector
- Know who your nominated officer is and how to report to them
- Understand why you must not tip off the subject of a report
- Describe the customer due diligence your business relies on
Your legal duty
The law behind anti-money laundering training
Anti-money laundering is one of the few subjects where staff training is written into the rules rather than implied by them. Businesses in the regulated sector must have policies, controls and procedures to mitigate money laundering and terrorist financing risk. They must also make relevant employees aware of the law and train them in how to recognise and deal with suspicious transactions.
The offences behind it sit in the Proceeds of Crime Act and the Terrorism Act, and they apply to individuals as well as to firms. Failing to report a suspicion is an offence a member of staff can commit personally. So is tipping someone off that a report has been made.
- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
- Proceeds of Crime Act 2002
- Terrorism Act 2000
Practicalities
How the course works
For employers
AML training across a regulated business
Supervisors and auditors ask for evidence that relevant employees were trained and when. An account gives you one invoice and a completion record you can produce on request.
- One invoice instead of a card payment per person
- Licences allocated as people join, so induction is covered
- Completion and expiry reporting to evidence training to your supervisor
- Renewal reminders before certificates lapse
- Bespoke versions built around your own risk assessment and procedures
Where your firm's own red flags, client types and reporting lines need to be in the training, we can build that version for you. Talk to us about a bespoke version →
Anti-Money Laundering Awareness eLearning: common questions
For businesses in the regulated sector, yes. The Money Laundering Regulations 2017 require relevant employees to be made aware of the law and trained in recognising and dealing with suspicious transactions. Outside the regulated sector it is good practice rather than an obligation.
Annually is the interval most regulated firms set, and supervisors generally expect to see it. The certificate itself is valid for three years.
It covers what CDD is and why your business relies on it. The detailed procedure, what you collect, verify and record, is specific to your firm and belongs in your own policy.
Telling the subject of a suspicious activity report, or anyone else, that a report has been made or is being considered, in a way that could prejudice an investigation. It is a criminal offence, and the course covers why.
About 30 minutes, with no time limit. The certificate is issued the moment you finish.
Yes. Open a business account and we invoice you for the licences, which you allocate as people join, with completion reporting included.
Yes. It runs in a browser on any modern phone, tablet or computer, with nothing to install.
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