The Money Laundering Regulations 2017 lays down the obligations of private sector companies working in areas of higher money laundering risk. This online Anti-Money Laundering training course will teach your staff the signs of suspicious activity and how it can be prevented.
Businesses that handle and process large amounts of money are at risk of money laundering and financial crime, particularly those where illegally obtained cash, goods or property could be bought, sold or exchanged. Protecting your business, from a financial and legal standpoint, is vital.
This Anti-Money Laundering training course will ensure your staff understand The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, know what suspicious activity might look like, and the steps in the process of money laundering and how to prevent it.
The aim of this online Anti-Money Laundering training course is to increase your knowledge of money laundering and prevention, as well as the relevant laws and legislation.
The key points covered in this course are:
We hope our common Money Laundering FAQs will help answer any further questions you may have. Just click to expand!
AML training, (Anti-Money Laundering training) is essential for businesses in equipping employees with the ability to effectively identify suspicious activity and other red flags. Awareness of the legal obligations relating to recognising and reporting money laundering is required to meet compliance demands.
Anti-money laundering training for accountants is hugely important in meeting the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017).
For instance, large organisations are required to appoint a nominated officer (NO) and sometimes a money laundering compliance principal (MLCP) too. The role of an NO is to receive internal suspicious activity reports (SARs) and make external SARs to the National Crime Agency (NCA), whilst an MLCP is responsible for ensuring the business complies with the UK anti-money laundering regime.
In smaller firms, these duties may be fulfilled by a money laundering reporting officer (MLRO), who is concerned with internal controls and risk management around anti-money laundering.
It is recommended that the relevant employees should receive anti-money laundering training on an annual basis.
Under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 act (MLR 2017), organisations should provide Anti-Money Laundering training regularly to their employees to ensure they’re well informed on the law relating to money laundering and terrorist financing, as well as data protection requirements.
Our online Money Laundering Awareness CPD accredited courses allow your staff to continue to develop their knowledge and help you meet compliance needs.
Our Anti-Money Laundering training courses are available 24/7, anytime, anywhere. Perfect for staff with busy schedules or difficult shift patterns.
• Study when you want
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• Study anywhere you want on any device
Choose how you want this online Money Laundering Awareness training course delivered:
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