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Anti Money Laundering Specialist
531 4.9 (7 Reviews)
Do you want to protect your finances and bank accounts from fraudulent activity? This anti-money laundering training course will train you how to detect and assess suspicious money laundering activities that pose potential threats to your organisation.
Become a Guardian Against Financial Crime!
The financial world is constantly evolving, and so are the tactics used by criminals to launder money. This QLS endorsed Level 5 Anti-Money Laundering Specialist course equips you with the knowledge and skills to be at the forefront of the fight against financial crime. You’ll delve into the complexities of money laundering schemes, learn how to identify suspicious activity, and understand your role in safeguarding the financial system.
This course positions you to become a valuable asset in the fight against financial crime, helping to protect the financial system and promote financial security. Enrol NOW!!!
Sneak Peek
Learning Outcomes
- Gain a comprehensive understanding of Anti-Money Laundering (AML) regulations, including international directives and national legislation.
- Explore the various methods used by criminals to launder money, from smurfing and structuring to shell companies and trade-based laundering.
- Develop the ability to identify red flags and suspicious activity that might indicate money laundering attempts.
- Learn the proper procedures for reporting suspicious activity to the relevant authorities.
- Understand the importance of compliance within financial institutions and your role in upholding these standards.
Why choose this course
- Affordable, Accessible, informative and well-structured study materials
- Earn a globally recognised accredited qualification
- Study in your own time, at your own pace, through any device
- Benefit from feedback through mock exams and multiple-choice assessments
- Excellent career advancement/career switch opportunities
- Get 24/7 help or advice from our email and live chat teams
Who is this course for
- Aspire to build a career in financial crime compliance, specifically focusing on anti-money laundering.
- Currently work in the financial sector (banking, insurance, investments) and seek to enhance their AML knowledge and skills.
- Are looking to transition into a compliance-focused role within the financial industry.
- Want to gain a deeper understanding of financial crime for professional development or personal interest.
Entry requirements
The course is typically open to individuals with a good grasp of English and basic numeracy skills. While prior experience in finance is beneficial, it’s not always mandatory. Specific requirements may vary by provider, so be sure to check directly with them.
Sneak Peek
Certification
Endorsed Certificate of Achievement from the Quality Licence Scheme
Upon successful completion of the final assessment, you will be eligible to apply for the Quality Licence Scheme Endorsed Certificate of achievement. This certificate will be delivered to your doorstep through the post for £99. An extra £10 postage charge will be required for students leaving overseas.
CPD Accredited Certificate
After the successful completion of the final assessment, you will receive a CPD-accredited certificate of achievement. The PDF certificate is for 9.99, and it will be sent to you immediately after through e-mail. You can get the hard copy for 15.99, which will reach your doorsteps by post.
Method of Assessment
At the end of the course, there will be an online MCQ assessment. In order to pass this exam, you must score at least 60%. When you submit the assessment, you will get the results immediately and can apply for your QLS-endorsed certificate.
Career path
Course Curriculum
| Module 01: Introduction to Money Laundering | |||
| Introduction to Money Laundering | 00:16:00 | ||
| Module 02: Proceeds of Crime Act 2002 | |||
| Proceeds of Crime Act 2002 | 00:20:00 | ||
| Module 03: Development of Anti-Money Laundering Regulation | |||
| Development of Anti-Money Laundering Regulations | 00:19:00 | ||
| Module 04: Responsibility of the Money Laundering Reporting Officer | |||
| Responsibility of the Money Laundering Reporting Officer | 00:21:00 | ||
| Module 05: Risk-based Approach | |||
| Risk-based Approach | 00:23:00 | ||
| Module 06: Customer Due Diligence | |||
| Customer Due Diligence | 00:24:00 | ||
| Module 07: Record Keeping | |||
| Record Keeping | 00:17:00 | ||
| Module 08: Suspicious Conduct and Transactions | |||
| Suspicious Conduct and Transactions | 00:23:00 | ||
| Module 09: Awareness and Training | |||
| Awareness and Training | 00:20:00 | ||
| Mock Exam | |||
| Mock Exam- Anti Money Laundering Specialist | 00:20:00 | ||
| Final Exam | |||
| Final Exam- Anti Money Laundering Specialist | 00:20:00 | ||
| Recommended Materials | |||
| Workbook – Anti Money Laundering Specialist | Unlimited | ||
| Assignment | |||
| Assignment – Anti Money Laundering Specialist | 6 days, 10 hours | ||
| Order Your Certificate | |||
| Order your Certificate QLS | 00:00:00 | ||
Course Reviews
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Frequently asked questions
Can’t find the anwser you’re looking for ? Reach out to customer support team.
There are no specific prerequisites for this course, nor are there any formal entry requirements. All you need is an internet connection, a good understanding of English and a passion for learning for this course.
For this course, you will have access to the course materials for 1 year only. This means you can review the content as often as you like within the year, even after you've completed the course. However, if you buy Lifetime Access for the course, you will be able to access the course for a lifetime.
We want you to have a positive learning experience. If you're not satisfied with the course, you can request a course transfer or refund within 14 days of the initial purchase.
Our platform provides tracking tools and progress indicators for each course. You can monitor your progress, completed lessons, and assessments through your learner dashboard for the course.
An Anti-Money Laundering (AML) specialist is responsible for ensuring that financial institutions comply with laws and regulations designed to prevent money laundering. Their tasks include: 1. Monitoring transactions for suspicious activity. 2. Investigating potential money laundering activities. Conducting risk assessments and audits. 3. Reporting suspicious transactions to authorities. 4. Developing and implementing AML policies and procedures. 5. Training staff on AML compliance and regulations.
To become an AML specialist, you typically need to: 1. Obtain a relevant degree: A degree in finance, business, law, or a related field. 2. Gain experience: Work in a financial institution, compliance, or risk management role to gain practical experience. 3. Pursue certification: Obtain certification from a recognized body such as the Association of Certified Anti-Money Laundering Specialists (ACAMS). 4. Continue education: Stay updated with the latest AML regulations and practices through continuous professional development.
An AML job description typically includes: 1. Monitoring and reviewing transactions for suspicious activity. 2. Investigating and reporting suspicious activities to regulatory bodies. 3. Developing and implementing AML compliance programs. 4. Conducting risk assessments and audits. Providing training and guidance to staff on AML policies and procedures. 5. Keeping up to date with AML regulations and ensuring compliance.
Yes, anti-money laundering can be a good career choice. It offers: High demand: Financial institutions need AML specialists to comply with regulations. Job security: Ongoing regulatory requirements ensure steady demand for AML professionals. Competitive salary: AML specialists often earn competitive salaries and benefits. Career growth: Opportunities for advancement and specialization in the field.
Some of the best courses for AML include: Certified Anti-Money Laundering Specialist (CAMS) by ACAMS. Certified Financial Crime Specialist (CFCS) by the Association of Certified Financial Crime Specialists. Diploma in Anti Money Laundering by the International Compliance Association (ICA). AML Certification offered by various financial training institutions and universities.
Know Your Customer (KYC) roles can be stressful due to: High responsibility: Ensuring compliance with regulatory requirements. Tight deadlines: Meeting deadlines for customer due diligence and reporting. Constant changes: Keeping up with evolving regulations and compliance standards. Volume of work: Handling large volumes of data and documentation.
Yes, AML is in high demand. Financial institutions and regulatory bodies require skilled AML professionals to combat money laundering and comply with stringent regulations.
Qualifications for AML KYC roles typically include: Educational background: A degree in finance, law, business, or a related field. Professional certifications: CAMS, CFCS, or ICA certifications. Experience: Relevant experience in compliance, risk management, or financial services.
CAM (Certified Anti-Money Laundering) qualification is a certification offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS). It is a globally recognized credential that demonstrates expertise in anti-money laundering practices and compliance. To obtain the CAMS certification, candidates must: Have relevant professional experience. Pass the CAMS examination. Commit to ongoing professional development in AML.