This eLearning course provides a broad and accessible introduction to anti-money laundering (AML) for professionals working across any sector. It begins by establishing the core concepts, explaining what money laundering is, why it matters, and how criminals use legitimate business systems to disguise the proceeds of crime. The course walks learners through the three recognised stages of money laundering — placement, layering, and integration — using clear examples to illustrate each phase.
The training covers the key legislative framework including the Proceeds of Crime Act 2002, the Money Laundering Regulations 2017, and the Terrorism Act 2000, explaining how these laws create obligations for organisations and individuals. Learners will understand the requirements around customer due diligence (CDD), including when enhanced due diligence is necessary, and the importance of knowing your customer (KYC) procedures.
The course also addresses the practical steps that must be taken when money laundering is suspected, including the role of the Money Laundering Reporting Officer (MLRO) and the process for submitting suspicious activity reports (SARs). It emphasises the concept of tipping off and the legal restrictions on informing subjects of reports. Throughout the course, scenario-based learning helps contextualise the material, ensuring learners can apply their knowledge to real situations.
On completion, learners will have a solid understanding of their AML responsibilities and be equipped to identify, report, and help prevent money laundering within their organisation. The course supports a culture of vigilance and compliance that protects both the individual and the firm.
