AML - A Practical Introduction for All
Overview
Employees of FCA-authorised firms are subject to a wide-ranging set of obligations in relation to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) and firms have a legal duty to train their staff regarding these obligations.
This course is intended to help firms meet this legal obligation by providing employees with an understanding of the legal framework, the specific criminal offences relating to AML and CTF and their personal responsibilities.
It also considers the firm’s responsibility to implement adequate systems and controls following a risk-based approach, particularly in relation to Customer Due Diligence (CDD), or ‘Know Your Customer’ (KYC).
Who is this for?
This comprehensive and practical course is designed for those with little or no existing knowledge of Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) as well as those who need a regulatory AML and CTF refresher.
Learning Outcomes
After attending this course, participants will be able to:
- Explain the nature of the money laundering and terrorist financing risks facing financial services firms.
- Apply principal legislation and regulations governing money-laundering and terrorist financing.
- Work to their responsibilities within the regulatory regime, and be able to explain the effects of failure to comply.
- Apply practical steps required to manage money-laundering and terrorist financing risks, including customer due diligence, suspicious activity reporting and ongoing monitoring.
Course Details
- Why understanding money laundering and terrorist financing matters
- What is Money Laundering?
- What is Terrorist Financing?
- The Legal Framework
- Proceeds of Crime Act 2002
- Money Laundering Regulations 2017 and 2019
- FCA Supervisory requirements
- Key areas of regulatory focus
- The practice of AML/CTF and JMLSG Guidance
- Business and Customer Risk Assessments
- Customer Due Diligence requirements
- Monitoring
- Training
- Record Keeping
Delivery
All of CCL Academy’s public courses are delivered virtually using Zoom.
Firms with more than 5 staff to train have the flexibility to deliver training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
- Recording: in addition to the live event, a recording of the course will be available to the participant for one month.
- On-going Q&A: participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.