Anti Money Laundering Training Online

25.00+ VAT

Anti Money Laundering Training

4.7 (253 reviews)

Unlimited Resits Customer Support Instant Access

£25.00 +VAT per person

Certificate on Successful Completion
Access course on Desktop, Laptop or Tablet
15 Multiple Choice Questions
Course Duration: 30 Minutes
CPD Points: 1

This Anti Money Laundering (AML) Training course has been designed to raise awareness for those individuals who work in the financial sector, such as those looking after a company or organisations finances. Working in this sector requires complying with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations.

Companies and organisations operating in the finance sector will require being aware of the policies, available procedures and control systems that can be implemented to reduce the act of money laundering.

This AML course will provide a thorough awareness of the key facts to do with the act of money laundering, the stages of money laundering and how companies can be in line with the legislations.

Train online at your own pace with a full audio voiceover
Accredited by CPD
Certificate on successful completion
Course duration: 30 minutes
Unlimited resits at no cost

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Who is this Anti Money Laundering Training online for?

This online training course is suitable for anyone responsible for managing or overseeing the finances of a company or organisation. Individuals working in accounts, bookkeeping, or businesses where large sums of money are handled should complete this course.

It is particularly suitable for tax advisors and estate agents whose work falls under the Money Laundering Regulations (MLR) 2017.

Working within this regulated sector means business have to legally put in place systems and preventatives of potential financial crime from occurring such as money laundering. Businesses that require an anti-bribery policy may be interested in Anti-Bribery Training.

The course can also be taken by those who sign off invoices or handle the hiring of new suppliers.

Anti Money Laundering Course Screenshots

Course Aim

The aim of this training course is to help the learner understand what the Anti-Money Laundering Regulations are. They will be able to recognise the importance of conducting a thorough risk assessment and be on top of keeping records in line with what's expected.

Learning Objectives Course Content Assessment

Learning Objectives

On completion of the course, you should be able to:

Understand what the Anti Money Laundering Regulations are
Recognise the importance of conducting a risk assessment
Understand policies, procedures and controls
Adopt appropriate internal controls
Identify Politically Exposed Persons (PEPs)

Stay informed about relevant training and
Recognise the importance of keeping adequate records

Course Content

This course is made up of the following modules:

An Introduction to Anti-Money Laundering

This section introduces the learner to the course. It looks at the difficult illegal activities criminals may profit from to then use money laundering as a cover up.
Module 1 - What is Money Laundering?

This section goes into detail about what money laundering is and how illegal money is placed into the system. It also looks at the regulations and why they play an important role.
Module 2 - Risk Assessments, Policies and Procedures

This section concentrates on the relevant risk assessments, policies, controls and procedures that should be implemented within an organisation to reduce risk.
Module 3 - Due Diligence

In this final section, the course looks at the different types of due diligence that should be performed to prevent money laundering.

Download Course Overview (PDF)

Assessment

On completion of the course lessons and training material an online assessment will automatically unlock. The assessment will contain 15 multiple-choice questions and a mark of 75% or above will be required to pass.

The assessment will be marked instantly and so you will know straight away if you have passed or not. If you don't pass first time there's no need to worry. Unlimited resits at absolutely no additional charge are available so you can retake the assessment again as many times as you need to.

Anti Money Laundering Certification

Our entire library of training courses is accredited by the CPD Certification Service as adhering to the universally recognised Continuing Professional Development (CPD) guidelines.

Anti Money Laundering CPD Certified Certificate

Upon passing the online assessment you will have the options to both print and download your Anti-Money Laundering Training Certificate in PDF format. In addition to this an automated email will also be sent to your chosen email address containing a link to your certificate ensuring you always have access to a copy.

Furthermore, a QR code is displayed on each certificate which when scanned by a smartphone links to our certification database. This allows employers, auditors and local authority inspectors, for example, to establish a certificates validity instantly and at any time.

Common AML Training Questions

AML training is required for anyone working in a regulated business whose role involves preventing financial crime. This includes employees who carry out customer due diligence (CDD), verify customer identities, process financial transactions, monitor suspicious activity, or have other responsibilities under anti-money laundering regulations.

AML training is commonly required in sectors such as:

Banks and financial institutions
Accountancy and bookkeeping firms
Solicitors and legal practices
Estate and letting agencies
Trust and company service providers
Casinos and other regulated gambling businesses
Regulated cryptoasset businesses

Directors, business owners, compliance officers and Money Laundering Reporting Officers (MLROs) should also receive appropriate AML training to understand their legal obligations and oversee compliance.

Businesses must ensure employees receive training that is appropriate to their role and keep that training up to date through regular refresher sessions, particularly when regulations or job responsibilities change.

AML training should be completed before employees carry out regulated activities and refreshed regularly thereafter. While the UK Money Laundering Regulations do not specify exactly how often training must be repeated, regulated businesses are required to ensure relevant employees remain aware of current AML legislation, guidance and emerging financial crime risks.

Annual refresher training is widely regarded as best practice and is adopted by many organisations to demonstrate ongoing compliance. Additional training should also be provided whenever there are significant changes to legislation, regulatory guidance, internal policies or an employee's role and responsibilities.

Common AML red flags include unusual transaction patterns, reluctance to provide identification, complex ownership structures, or attempts to avoid reporting thresholds. Training helps employees recognise these indicators early and escalate concerns appropriately.

Understanding anti-money laundering red flags is an important part of identifying suspicious activity and reducing the risk of financial crime within an organisation. Here are some common suspciaon behaviour across different industries.

Finance and Banking

Large cash deposits with no clear explanation
Frequent international transfers to high-risk countries
Customers becoming defensive when asked for identification
Transactions that do not match a customer’s normal behaviour

Estate Agents and Property Industry

Buyers wanting to complete purchases unusually quickly
Large property purchases made entirely in cash
Use of complicated ownership structures without clear reasons

Accountancy and Bookkeeping

Unusual company transactions with no business justification
False invoices or irregular bookkeeping records
Sudden unexplained increases in revenue

Failure to follow AML procedures can have serious consequences for both businesses and individuals. Non-compliance with the UK Money Laundering Regulations may result in financial penalties, regulatory enforcement, reputational damage and, in the most serious cases, criminal prosecution. Businesses may also face increased scrutiny from regulators and the cost of remedial action to address compliance failures.

These risks are not just theoretical. UK regulators, including HMRC and the Financial Conduct Authority (FCA), regularly take enforcement action against organisations that fail to maintain effective AML controls. Common failings include inadequate customer due diligence (CDD), poor record keeping, insufficient staff training and failing to identify or report suspicious activity.

Providing regular AML training helps employees recognise potential money laundering risks, follow the correct procedures and supports organisations in meeting their legal obligations under UK AML legislation.

HMRC regularly publishes details of businesses that have breached the Money Laundering Regulations. Common reasons for enforcement include inadequate customer due diligence, poor staff training and failures to maintain appropriate AML policies and procedures.

The Importance of AML Training

Anti-money laundering legislation in the UK is designed to help businesses identify, prevent, and report financial crime. Organisations operating in regulated sectors must ensure staff understand their responsibilities and follow appropriate compliance procedures.

Key UK AML legislation includes:

AML training helps employees understand:

customer due diligence
suspicious activity reporting
record keeping
how to identify money laundering risks

Organisations operating within regulated sectors have a legal responsibility to help prevent financial crime and maintain compliance with UK anti-money laundering regulations.

AML training can help organisations:

reduce the risk of money laundering activity,
demonstrate compliance,
protect business reputation,
improve internal reporting procedures,
avoid regulatory penalties or enforcement action.

Providing regular AML training also helps businesses create a stronger culture of compliance and risk awareness.

Workplace Scenario

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Unusual Property Purchase

Situation

An estate agency receives an offer from a buyer who wants to purchase a property outright with cash. The buyer is keen to complete the transaction as quickly as possible, is reluctant to provide proof of the source of their funds, and becomes frustrated when asked for additional identification documents.

AML Red Flags

The buyer attempted to avoid standard Customer Due Diligence (CDD) checks.
The source of funds had not been adequately verified.
The request for an unusually quick completion was not recognised as a potential red flag.
Staff initially considered bypassing normal procedures to avoid delaying the sale.

Key takeaway

Always complete Customer Due Diligence before proceeding with regulated business. Unusual payment methods, reluctance to provide information, and pressure to speed up a transaction may indicate money laundering. Follow your organisation's AML procedures and report any concerns to your Money Laundering Reporting Officer (MLRO).

Workplace Scenario

Unexpected Third-Party Payment

Situation

An accountancy firm receives payment for a client's invoice from an unrelated overseas company. When questioned, the client explains that "it's just easier this way" and asks the firm not to make an issue of it.

AML Red Flags

The payment originated from an unexplained third party.
The source of the funds had not been established.
Staff accepted the explanation without further enquiries.
The transaction was not escalated to the MLRO for review.

Key takeaway

Payments from third parties or overseas sources should always be investigated where appropriate. Staff should understand who is providing the funds, why the payment is being made, and whether additional due diligence is required before accepting payment.

Workplace Scenario

Suspicious Transaction Pattern

Situation

A long-standing customer who usually makes small, routine transactions suddenly begins making several large transfers between different accounts. When asked about the activity, they provide vague and inconsistent explanations.

AML Red Flags

A significant change in the customer's behaviour was overlooked.
The unusual transaction pattern was not assessed for potential AML risks.
No internal report was made to the MLRO.
Staff assumed existing customers presented little risk.

Key takeaway

Money laundering risks can arise at any stage of a customer relationship. Businesses should monitor ongoing activity and investigate transactions that are inconsistent with a customer's known profile or expected behaviour.

AML training helps employees recognise and respond to suspicious activity that could indicate financial crime or money laundering.

Effective AML training can help employees:

understand their legal responsibilities,
identify warning signs and red flags,
follow correct reporting procedures,
reduce compliance mistakes,
protect themselves and their organisation.

Employees working in sectors such as finance, property, legal services, and accountancy may all benefit from AML awareness training.

Course Reviews

4.7.

(253 reviews)

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Anti Money Laundering Training

Discounts on Bulk Purchases

Who is this Anti Money Laundering Training online for?

Anti Money Laundering Course Screenshots

Course Aim

Learning Objectives

Course Content

Assessment

Anti Money Laundering Certification

Common AML Training Questions