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Anti Money Laundering (AML), KYC and Risk Management

Flash Sale! 25% OFF! Reed Accredited Certificate | 30 Video Lesson| 100% Pass Rate| 24/7 Tutor Support | Lifetime Access

Provided by Janets

Summary

Price
Save 25%
£12 inc VAT (was £16)
Offer ends 05 May 2025
Study method
Online, On Demand What's this?
Duration
6.5 hours · Self-paced
Qualification
No formal qualification
CPD
30 CPD hours / points
CPD What's this?
Certificates
  • CPD Accredited PDF Certificate - Free
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students
340 students purchased this course

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Overview

In the ever-evolving landscape of financial crime, staying ahead of money laundering schemes and meeting rigorous compliance standards is very overwhelming.

Our comprehensive Anti-Money Laundering (AML), KYC, and Risk Management course provides you with the tools and knowledge to navigate this complex field confidently. You will learn about money laundering, the Proceeds of Crime Act 2002, and key AML regulations. The course covers the roles and responsibilities of Money Laundering Reporting Officers, risk-based strategies, and conducting thorough customer due diligence. You'll gain expertise in identifying suspicious activities, managing documentation, and understanding KYC procedures. Additionally, the curriculum delves into risk management fundamentals, analysing various forms of risk, and developing effective risk management plans, covering everything from financial and operational risks to legal, political, and environmental risks.

Equip yourself with the essential skills to combat financial crime and enhance your institution's compliance framework. Enrol today to become proficient in AML, KYC, and Risk Management, and take the decisive step towards fortifying your professional expertise in this vital field!

Learning Outcome

By the end of this Anti Money Laundering (AML), KYC and Risk Management course, you will be able to:

  • Implement comprehensive anti-money laundering regulations in line with legal requirements.
  • Execute duties of the Money Laundering Reporting Officer effectively and efficiently.
  • Develop and apply risk-based strategies for customer due diligence processes.
  • Conduct thorough documentation and record-keeping for AML compliance.
  • Identify and manage suspicious activities and transactions promptly and accurately.
  • Implement effective training and awareness programmes for AML and KYC compliance.
  • Perform comprehensive customer due diligence adhering to KYC and AML regulations.
  • Develop and maintain KYC, AML, and data privacy regulations for UK businesses.
  • Evaluate and manage various types of financial, operational, and technological risks.
  • Design and implement a step-by-step risk management plan for organisational safety.

What You Get Out Of Studying This Course:

  • FREE PDF Certificate from REED
  • FREE CPD QS PDF Certificate
  • Lifetime access to course materials
  • Study the course at your own pace
  • Accessible, informative modules taught by experts
  • Get 24/7 help or advice from our email and live chat teams
  • Gaining valuable knowledge and skills of AML, KYC and Risk Management

Certificates

CPD Accredited PDF Certificate

Digital certificate - Included

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

CPD

30 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

31
sections
31
lectures
6h 30m
total

Course media

Description

The Anti Money Laundering (AML), KYC and Risk Management course provides a comprehensive understanding of the mechanisms and regulations surrounding financial crime prevention. Learners will explore the fundamentals of money laundering, including the Proceeds of Crime Act 2002 and AML regulations. The course covers the responsibilities of the Money Laundering Reporting Officer and risk-based strategies for effective compliance. Participants will master customer due diligence, documentation, record keeping, and identifying suspicious activities. The curriculum also delves into Know Your Customer (KYC) protocols, AML procedures, and data privacy regulations specific to UK businesses.

In addition, learners will gain insights into risk management fundamentals, understanding various forms of risk, and the advantages of effective risk management. The course encompasses enterprise risk management, financial and operational risk, technology risk, legal and political risks, and environmental risk assessment. With a focus on market and social risk analysis, the course equips learners with the skills to develop and implement a comprehensive risk management plan, ensuring robust compliance and risk mitigation in their organisations.

Who is this course for?

This Anti Money Laundering (AML), KYC and Risk Management course is designed for:

  • Compliance officers seeking to enhance their knowledge in AML, KYC, and risk management.
  • Financial professionals aiming to strengthen their understanding of AML regulations and strategies.
  • Business managers interested in implementing comprehensive risk management plans.
  • Individuals in the banking sector looking to improve customer due diligence and AML procedures.
  • Legal professionals focusing on regulatory compliance and anti-money laundering laws.

Requirements

No prior qualifications are needed for learners to enrol in this Anti Money Laundering (AML), KYC and Risk Management course.

Career path

This Anti Money Laundering (AML), KYC and Risk Management course opens doors to many job and career opportunities. Here are a few careers you can opt for after completing this course:

  • Compliance Officer
  • Risk Management Consultant
  • AML Analyst
  • KYC Specialist
  • Financial Crime Investigator
  • Legal and Compliance Advisor
  • Regulatory Affairs Manager
  • Banking Operations Manager

Questions and answers

No questions or answers found containing ''.

Andrew asked:

Is this course CPD accredited?

Answer:

Hi Andrew, Good afternoon. Yes, the course is accredited by CPD. Stay Safe.

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Reviews

4.9
Course rating
100%
Service
95%
Content
100%
Value

Provider

Janets

Janets, is a popular and respected online platform where learners can access a range of affordable business-related courses. Our hardworking and experienced team are proud to present an extensive catalogue of courses that can be studied both flexibly and conveniently. You can learn anywhere, anytime, using any internet device. What’s more, successful completion of any course will lead to a fully-accredited qualification and e-certificate, demonstrating the learner’s commitment to ongoing professional development.

Our business courses - which include business administration and management, business branding training, business etiquette training, business ethics training, and many more - are designed to help people develop their professional skills and knowledge to find a job, gain a promotion, change career, or simply to add to their qualifications in a way that fits in with a busy life. It doesn’t matter if you want to gain the qualification or your employers want you to. Whatever the case, we can help.

 

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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