Anti-Money Laundering (AML) E-Learning Course

Anti-Money Laundering (AML) E-Learning CourseAnti-Money Laundering (AML) E-Learning Course
 
  • Price: US$ 100.00
  • Publisher: Knowledge Platform
  • Number of modules: 10
  • Length: 5-10 Hours
  • Language: English
  • Subscription: 12 months
whats-included

Save time and money and stay in compliance with global AML regulations

Keep your compliance officer happy with online AML training programs

Keep up with global Anti-Money Laundering regulations with this online AML training course from Vast Talent.  It's perfect for company-wide anti-money laundering training initiatives, or for periodic refresher training.  

Why train online?

  • Track completion rates faster and maintain reports for regulators
  • Ensure consistent AML message across entire company
  • Test and record score so audit department can easily verify compliance
  • Stay up-to-date with changes to AML regulations
  • It's cheaper than classroom training
  • Specific modules for Hong Kong AML rules 

Overview of AML Course:

The scope and intensity of anti-money laundering (AML) regulations is increasing around the world. A wide range of financial institutions and other businesses involved in financial and cash transactions will be included under these regulations and need to substantially enhance their AML compliance capabilities.

Among other compliance requirements, these institutions must develop and implement AML training. E-learning is the methodology of choice for such training. Not only is e-learning cost-effective and rapidly scalable, it provides an audit trail of an institution’s compliance with the training requirements of the applicable AML regulations.

Vast Talent offers a suite of online courses that enable institutions to impart a consistent and effective level of AML training. The courses are highly interactive and appealing and have been validated through adoption by a substantial number of leading multinational banks and financial institutions.

Target Audience:

This suite of online anti-money laundering courses is targeted at all financial institution employees. The front office and back office versions are targeted at the customer-facing and back office employees respectively. 'AML for Managers & Compliance Officers' is targeted at managers and compliance officers who need a comprehensive understanding of AML best practices.

Objectives:


In this anti-money laundering course you will:

  • Describe money laundering and the challenges and risks involved in combating it
  • Recognize the key stages in money laundering and the principal techniques used by money launderers
  • Gain insight into how to establish and use customer profiles
  • Identify and report on suspicious activities
  • Articulate the objectives and principal elements of a “Know Your Customer” policy
  • Describe the key processes and technologies to fight money laundering
  • Comprehend local AML regulations and key reporting requirements

 

Looking for AML training for your bank or organization?  Contact us for corporate licensing options.

Versions of AML Course


This course comes in four different versions, based on the needs of your audience.  Contact us or call +852 8175 7500 to find the AML course that's right for you.

Note: when ordering, please specify the course version (A, B, C or D).

 

Detailed Course Overview


Module 1: Introduction to Money Laundering

  • Define money laundering
  • Identify the principal sources of laundered money 
  • Identify the reasons why criminals launder money 
  • Recognize the consequences of money laundering 

Module 2: Stages of Money Laundering

  • Define the 3 stages of money laundering: placement, layering, integration 
  • Identify the 3 stages in a real life case

Module 3: Placement Techniques

  • Identify the principal techniques used in the placement stage of money laundering
  • Recognize different placement techniques (smurfing, alternative remittances, bulk movement, etc.) in given situations

Module 4: Layering Techniques

  • List the techniques used in the layering stage of money laundering
  • Recognize different layering techniques in given situations

Module 5: Integration Techniques

  • List the principal techniques used in integration
  • Recognize different integration techniques in given situations

Module 6: Know Your Customer Basics

  • Define the KYC policy 
  • Identify the principal elements of the KYC policy 
  • Identify the risks of not implementing the KYC policy

Module 7: Customer Profiling

  • Objectives of customer acceptance in a KYC policy
  • Objectives of customer identification in a KYC policy
  • Understand the typical higher risk and lower risk customer profiles
  • Recognize higher risk and lower risk customer profiles
  • Nature and impact of blacklists

Module 8: Recognizing Suspicious Activities

  • Define and classify suspicious activities
  • Recognize suspicious activities
  • Identify key elements of reporting and record keeping

A list of suspicious activities is provided.

Module 9: AML Technologies

  • Describe the principal technologies used to detect money laundering
  • Identify the major functions of such money laundering detection technologies

Module 10: Hong Kong Anti-Money Laundering Regulations (can be substituted for other country-specific versions)

  • Acquire a general understanding of the regulation of money laundering and terrorist financing in Hong Kong 
  • Understand key aspects of KYC under guidelines issued by HKMA and SFC 
  • Obtain an overview of anti-money laundering and CTF requirements as applicable to financial institutions in Hong Kong

 

Download AML e-learning course brochure (PDF version)