Compliance
Anti-Money Laundering (AML) Basics
5 hours
Beginner
4 modules
Certificate included
Free
About this course
Money laundering moves criminal proceeds through the financial system - and regulated businesses are the first line of defence. This course breaks down the three stages of laundering, explains Know-Your-Customer and due diligence requirements in practical terms, and highlights the transaction red flags that should trigger escalation and reporting.
What you'll learn
- Define money laundering and its impact
- Describe placement, layering and integration
- Apply KYC and customer due diligence steps
- Spot common transaction and behavioural red flags
- Understand reporting obligations and escalation routes
Who should attend
This course is open to all professionals interested in the subject.
Course curriculum
1. Money Laundering Explained 3 topics
- Definition and impact
- Who launders money and why
- Global AML frameworks
2. The Three Stages 3 topics
- Placement
- Layering
- Integration
3. KYC & Due Diligence 3 topics
- Know Your Customer essentials
- Enhanced due diligence triggers
- Beneficial ownership basics
4. Red Flags & Reporting 3 topics
- Transaction red flags
- Behavioural red flags
- Suspicious activity reporting
Go Further
Want a Full Diploma?
Turn your short-course knowledge into an accredited National Diploma with Masc Academy.