The course covers the essentials about understanding what money laundering is, how it’s carried out and the legislations and implications of money laundering.
This online course would be suitable for anyone who works in financial, credit, legal, or estate agency sectors and generally anyone working in a role that involves payments or money such as casinos or accountants.
- Meets training requirements for identifying money laundering and the supporting legislations
- Online, self-paced training
- Interactive course with colourful animations
- Complete in one hour
- 24 hour learner support
Why take this anti-money laundering course?
By taking this course you will have a clear understanding into the key essential facts around money laundering, what money laundering is, the stages of money laundering and help identify money laundering in day to day business. This will help keep you and your business on top of the legislations and controls associated with anti-money laundering.
The content of this e-learning course includes:
- What is money laundering?
- The stages of money laundering
- The institutions fined for inadequate controls
- The money laundering risks
- Why it is important to have adequate controls?
- Source of wealth and source of fund
- Politically exposed persons (PEPs)
- Reporting AML
- State what money laundering is
- Identify the three stages of money laundering
- Recognise the legislation regarding money laundering in the UK
- Identify industry types that are potential high risk areas within money laundering
- Define what a politically exposed person (PEP) is
This training will take approximately one hour to complete, depending on how quickly learners can study and absorb the material. Learners do not have to complete the training in one session as progress is recorded throughout.
This course is aimed at anyone working in a role that involves payments or money. The course can be used as a general overview of the topic including the legislation and implications. The business sectors can include:
- Financial and credit businesses
- Independent legal professionals
- Accountants, tax advisers, auditors and insolvency practitioners
- Trust and company service providers
- Estate agents
There are no entry requirements for this course.
Test and certificate
The end of course test consists of 15 multiple choice questions. Learners are required to achieve a 75% pass mark, and, if necessary, may attempt the test three times at no extra cost. If learners do not achieve the 75% pass mark, further attempts may be given by contacting our support team.
Learners will be able to download a digital certificate on completion.
How it Works
This is an online course which is studied via the Virtual College Learning Management System, Enable. All of the training is taken online. The course is self-paced so you decide how fast or slow the training goes. You can also revisit the training material, even after you have completed the course.
Four easy steps to e-learning
Step 1: Find a course
You can buy one or more courses online for yourself or others and, whether you know what you’d like to study or would simply like to browse, finding a course is easy.
Here are some ways you can quickly find the information you need:
- Search for a course using search box
- Click "courses" on the top navigation. This page will show a complete list of courses, ordered by our best sellers and new releases
- Browse courses by category, for example Safeguarding
Step 2: Buy the course
When you've found the course you want simply click on “Add to basket”. You can then continue shopping or check out and make a secure payment via the PayPal payment screen. This allows you to pay with most popular credit or debit cards or your PayPal account, and receive your receipt by email.
All our payments are dealt with by PayPal; one of the world’s most well-known payment providers – Great Britain’s no 1 preferred online and mobile payment method, so you can be sure that your payment will be safe and secure. Here at Virtual College we never even get to see your credit card details!
Once your purchase has gone through you will be able to continue to a login screen. Enter your name and create a password if prompted. This will log you into our Learning Management System (LMS) where you will be able to take the course or allocate it to other people.
You can purchase more than 10 courses online, however if you wish to purchase more than 10 courses, and you would like to be invoiced in advance, you can e-mail us on firstname.lastname@example.org or contact our sales team on 01943 885 085.
Step 3: Take the course
For the best possible internet browser experience we recommend you use Google Chrome, Microsoft Edge, Internet Explorer 11 or Firefox.
You will get a better learner experience if you have sound enabled. Most computers come with built-in speakers, but the narration will generally be written in text on the screen for you to read if you don't have sound turned on.
The course is interactive and you may need to click on parts of the screen before you can advance. This will be obvious as the narration and text will tell you what to do or the links will pulse and flash. The system will remember where you left off and take you back there, but you can go over any part of it as many times as you want to and take as long as you want.
You can write your own notes for the course and print them off or simply store them to access later any time you view your course.
When you get to the end, you will be presented with an assessment to check your understanding. Don't worry; in most cases you can take this assessment three times at no extra cost, and we have policies and procedures in place for adding further attempts.
Step 4: Your certificate
You will be able to print your own certificate at the end of the course.
Some courses also include the option of a high-quality posted certificate, for example our Level 2 Food Safety and Hygiene courses.
Bulk discounts are available on purchases of more than 10 courses.
If you wish to discuss a large individual order for this course, and/or would like to be invoiced in advance, please call our sales team on 01943 885 085 to make an enquiry.