Anti-Money Laundering eLearning

This module covers the regulatory and legal requirements of Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF) as they apply to staff at an introductory level.

The module therefore uses a risk-based approach to provide the core understanding and application needed for all staff and it is expected that specific requirements for defined roles or risk levels will be covered by further training.

The AML Awareness eLearning module focuses on the AML and CTF risks as they apply to financial services companies, and within that framework, it is agnostic in terms of specific types of business.

This module can also be tailored to your specific regulatory jurisdiction and business activities.

In addition to our Global AML module, the following regulatory jurisdiction-specific versions available include:

• United Kingdom (UK)
  • Financial Conduct Authority (FCA)
• UAE
  • Dubai Financial Services Authority (DFSA)
  • Central Bank of the UAE
• Saudi Arabia
  • Capital Markets Authority (CMA)

This AML module is suitable for employees who require a first-time introduction to Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF).

1. Money Laundering, Terrorist Financing & Sanctions
   1. Why AML and CTF are important
   2. What AML, CFT and sanctions are
   3. What do financial crime risks mean to you
2. Laws and Regulations
   1. The relevant laws and regulations
   2. Penalties for getting it wrong – enforcement cases
   3. What it means for you
3. Onboarding and Monitoring Customers
   1. The risk-based approach
   2. Customer Due Diligence and ID and V
   3. Standard, Low and Medium risk categories
   4. Ultimate Beneficial Owners, Source of Wealth and Funds
   5. Politically Exposed Persons
   6. Sanctions risk
   7. Ongoing monitoring and Record Keeping
   8. What it means for you
4. Reporting Suspicious Activity
   1. When should you be suspicious
   2. Identifying and reporting suspicions (including red flags)
   3. What it means for you