AML- Anti Money Laundering at QLS Level 5

With endorsement from The Quality Licence Scheme and 150 CPD points available for your portfolio, this Course provides you with the perfect opportunity to advance your career and polish your Anti Money Laundering (AML) at QLS Level 5 Course skills.

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Our course begins with the fundamentals of Anti Money Laundering (AML) at QLS Level 5 and proceeds towards more advanced topics. As a result, each session in our Anti Money Laundering (AML) at QLS Level 5 course is simple and learner friendly.

What You Get Out Of Studying With Janets

• An opportunity to gain a certificate of achievement endorsed by The Quality Licence Scheme upon successful completion of the Course as proof of your skills
• Full one-year access to course materials
• Instant assessment results
• Full tutor support available from Monday to Friday
• Study the Anti Money Laundering (AML) at QLS Level 5 course at your own pace
• Accessible, informative Anti Money Laundering (AML) at QLS Level 5 modules taught by expert instructors
• Get 24/7 help or advice from our email and live chat teams with the training
• Study Anti Money Laundering (AML) at QLS Level 5 at your own time through your computer, tablet or mobile device
• Improve your chance of gaining valuable Anti Money Laundering (AML) at QLS Level 5 skills and better earning potential by completing the course

The Anti Money Laundering (AML) at QLS Level 5 course is delivered through Janets’ online learning platform. Access the course content from any internet-enabled device whenever or wherever you want to. The course has no formal teaching deadlines, meaning you are free to complete the course at your own pace.

Course Curriculum:

Module 01: Introduction to Money Laundering

• What Is Money Laundering?
• Turning “Bad” Money into “Legitimate” Money
• Money Laundering All Around Us
• How Money Is Laundered
• Why AML Efforts Are Important
• The Three Stages of Money Laundering
• Placement
• Layering
• Integration
• Who Launders Money

Module 02: Proceeds of Crime Act 2002

• Introduction
• The Principal Offences Contained in Part 7 of POCA 2002
• The Concealing Offence
• The Arranging Offence
• The Acquisition, Use and Possession Offence
• The Notion of Criminal Property
• Elements of Criminal Property
• The Concept of Knowledge
• The Notion of Suspicion
• Definition for Suspicion
• Suspicion Means the Possibility
• Suspicion Must Be Based on Specific Facts

Module 03: Development of Anti-Money Laundering Regulation

• Introduction
• The First Money Laundering Directive
• Terrorism legislation
• The Proceeds of Crime Act 2002 and Serious Organised Crime and money laundering offences under the Police Act 2005
• The Second Money Laundering Directive
• The Third Money Laundering Directive
• The Fourth Money Laundering Directive
• The Fifth Money Laundering Directive
• Summary

Module 04: Responsibility of the Money Laundering Reporting Officer

• What Is A Money Laundering Reporting Officer?
• Who Can be Appointed as an MLRO?
• The Role of The Money Laundering Reporting Officer
• The Safe Harbour and its Limitations
• Matrix Management
• What is an MLRO’s Internal Reporting Procedure?
• What is Contained in the MLRO’s Annual Report?

Module 05: Risk-based Approach

• Introduction
• What Is a Risk-Based Approach (RBA)?
• A Risk-Based Approach to Customer Due Diligence (CDD)
• How to Assess the Risk Profile of The Entity
• Client Demographic
• Services and Areas of Law
• How to Assess Client Risk
• Conducting the Client Risk Assessment
• Country/Geographic Risk
• Client Risk
• Variables Impacting Upon Risk

Module 06: Customer Due Diligence

• What is Customer Due Diligence?
• Main Elements of a Customer Due Diligence Program
• Enhanced Due Diligence
• Enhanced Due Diligence for Higher-Risk Customers
• Account Opening, Customer Identification and Verification
• Consolidated Customer Due Diligence

Module 07: Record Keeping

• The Purpose of Record-Keeping
• What Records Have to be Kept?
• Customer Identification
• Transactions
• Internal And External Reports
• In What Form Should Records be Kept?
• Failure to Keep Records

Module 08: Suspicious Conduct and Transactions

• What is Suspicious Activity?
• What Is a Suspicious Transaction?
• Avoiding a National Reporting or Record-Keeping Requirement
• Wire or Fund Transfers
• Insufficient or Suspicious Information by a Customer
• Other Suspicious Customer Activity
• The Identification of Unusual Transactions
• The Types of Events That Might Cause Suspicion

Module 09: Awareness and Training

• The Importance of Staff Awareness and Training
• The Core Obligations of Training
• Legal and Regulatory Obligations
• Staff Responsibilities
• Senior Management
• Staff
• Internal Training Procedures
• Training Methods and Assessment

***English Law and the Legal System***

• Module 01: The Legal Workplace and Professionals
• Module 02: Law and Legal Systems
• Module 03: Contract Law & Business Law
• Module 04: Human Rights Law
• Module 05: Employment Law
• Module 06: Property Law
• Module 07: Mortgage Law
• Module 08: Wills, Probate & Estate Law
• Module 09: Criminal Law
• Module 10: Other Common Laws & Legal Matters

Method of Assessment

Upon Completing the course, the learner will go through an automated assessment process, for which, the pass mark will be set to 60%.

Certificate of Achievement

Endorsed Certificate of Achievement from The Quality Licence Scheme

Once the Anti Money Laundering (AML) at QLS Level 5 Course has been completed and the assessment has been passed, all students are entitled to receive an endorsed Certificate of Achievement. This will provide proof that you have completed your Course objectives, and each endorsed certificate can be ordered and delivered to your address for –

£99 (Note: additional £10 for postage outside the UK)

CPD Certification from Janets

Upon successful completion of the Anti Money Laundering (AML) at QLS Level 5 Course, you will be able to obtain your course completion PDF certificate free of cost as proof of your expertise on this Course.

Hardcopy certificates accredited by CPD would also become available, which can be received by paying —

£9.99 (Note: additional £10 for postage outside the UK)

The course is ideal for those who are interested or already working in this sector.

No prior qualifications are needed for Learners to enrol on this course.

This course will assist you to get your desired job in the relevant field. The course will also progress your career, regardless of your present job status.

Currently there are no Q&As for this course. Be the first to ask a question.