Overview: Compliance Risk Management and AML Training

This Compliance Risk Management and AML Training is a combination of compliance management and Anti Money Laundering which is designed for those who are working or aspiring a career in the financial industry and wants to develop the fundamental skills needed to identify and manage regulatory risk in their organisation.  This course is designed by industry experts to take you through key topics such as how to implement an efficient Compliance Management System, ethics and compliance, risk types and classifications. It will also teach how to design a solid risk management strategy. Along with these, the course covers the fundamental aspects of Anti Money Laundering, such as Proceeds of Crime Act 2002 and the development of anti-money laundering regulation. In this course, you’ll learn about risk-based approach customer due diligence and identification of suspicious conduct and transactions. Also, you’ll understand the responsibilities of the money laundering reporting officer. By the end of this comprehensive course, you’ll have an excellent understanding of money laundering and the core compliance issues, as well as how to promote a positive compliance culture for your organisation. The accredited certification will give you a head start to get into the competitive job market.

• Accredited by CPD
• Instant e-certificate and hard copy dispatch by next working day
• Fully online, interactive course with audio voiceover
• Developed by qualified professionals

• Self-paced learning and laptop, tablet, smartphone-friendly
• 24/7 Learning Assistance
• Discounts on bulk purchases

Sneak Peek

Who should take the Compliance Risk Management and AML Training course

This course is ideal for anyone who wants to start or boost his career in this field, which includes:

• Compliance Officers
• Risk & Compliance Managers
• Heads of Compliance & Risk
• Compliance Risk Reporting Managers
• Bankers
• Accountants
• Money Laundering Reporting Officers

Certification

Once you’ve successfully completed your course, you will immediately be sent a digital certificate. Also, you can have your printed certificate delivered by post (shipping cost £3.99). Our certifications have no expiry dates, although we do recommend that you renew them every 12 months.

Learning Outcomes

By the end of the Compliance Risk Management and AML Training course, learners will be able to:

• Discuss the role & responsibilities of the compliance department in detail.
• Identify the five basic elements of compliance, auditing and development.
• Implement and monitor a Compliance Management System in the workplace.
• Understand the fundamentals of Anti Money Laundering.
• Understand and identify different types of risk.
• Understand the Proceeds of Crime Act 2002 and Anti-Money Laundering Regulation
• Identify and deter suspicious conduct and transactions.
• Understand the responsibilities of the Money Laundering Reporting Officer.

Assessment

At the end of the course, there will be an online assessment, which you will need to pass to complete the course. Answers are marked instantly and automatically, allowing you to know straight away whether you have passed. If you haven’t, there’s no limit on the number of times you can take the final exam. All this is included in the one-time fee you paid for the course itself.

Accreditation

All of our courses are fully accredited. The content of the Compliance Risk Management and AML Training course is certified by the CPD Certification Service as conforming to the continuous professional development principles. This course provides you with up-to-date skills and knowledge and helps you to become more competent and effective in your chosen field.

Course Curriculum

Module 01: Introduction to Compliance In module one, we will gain an in-depth understanding of what compliance is, taking a look at the benefits of compliance and the role and responsibilities of the compliance department. Module 02: Five basic elements of compliance In module two, we will explore policy and code of conduct in compliance, learning about the structure of the compliance organisation and key compliance processes. It includes training on how to implement an effective compliance audit process. Module 03: Compliance Management System (CMS) In module three, we’ll learn how to implement and monitor a Compliance Management System in the workplace, with step-by-step training. It discusses the key elements of CMS, the role of the compliance committee and compliance officer, and compliance programs. Module 04: Introduction to Money Laundering In module four, we’ll gain a detailed insight into money laundering and understand how money is laundered through the three stages of money laundering. Module 05: Risk and Types of Risk In module five, we’ll deepen our understanding of different types of risk related to the financial industry. We’ll understand the classification and nature of risk. Module 06: Proceeds of Crime Act 2002 In this module, we’ll gain an in-depth understanding of the Proceeds of Crime Act 2002. We’ll understand the notion of criminal property and the notion o suspicion. Module 07: Development of Anti-Money Laundering Regulation In module seven, we’ll learn about the evolution of the Money Laundering Directive from the first to the fifth and terrorism legislation. Module 08: Responsibility of the Money Laundering Reporting Officer Module eight discusses the roles and responsibilities of the Money Laundering Reporting Officer and how an MLRO can take part in ensuring organizational financial security. Module 09: Risk-based Approach In module nine, we’ll learn about the risk-based approach, how to assess a risk profile and how to assess client risk. Module 10: Customer Due Diligence Module ten explains the notion of Customer Due Diligence. Here we’ll learn about Enhanced Due Diligence for higher-risk customers as well as account opening, customer identification and verification. Module 11: Suspicious Conduct and Transactions In module eleven, we’ll learn about identifying suspicious activity and suspicious transaction and how to deter them. Also, we’ll deepen our understanding of unusual transactions and the events that might cause suspicion. Module 12: Risk Management Process In this final module, we will fully familiarise with the risk management process and framework, with training on how to identify, analyse, evaluate, monitor, review and treat risk.