AML Foundations Banking

Do you want to know what’s covered at the AML Foundations (ABC) for the Banking course, how long it takes, or what badges you will receive after taking the course? Let’s break it down.

To understand why you need to order this courseware, we shall start by explaining that this introduces beginners to anti-money laundering (AML), counter-terrorism financing (CTF), AML/CTF+, etc., which are some of the frauds that happen within the financial sector.

One will get an overview of what entails money laundering activities in general and become familiar with relevant concepts concerning finance violations that are of special concern to banks.

Now let us check out the things you will learn about:

• The dirty side of finance. Revealing financial crimes as well as their sibling – predicate crimes (what they are caused by, how they work, and what trouble they cause).
• Risk talk. You will learn a lot about risk and risk management.
• The truth about compliance. How to work with risk management compliance programs; taking a look at what they include.
• Avoiding misfortune. This chapter discusses the mitigation of risks and steps to be taken when a business relationship must be finished.
• Under the skirts of banking. The importance of AML for banks and the peculiar risks that they face as a result.
• Regulators matter. Take a detailed look at the regulators, understand the rules, and learn how one misstep can ruin your day.

The course material, prepared by some of the leading experts in the field, is designed to provide a high degree of various expertise.

The learning experience is enhanced through animated videos to improve retention, along with professionally designed schemes and pictures for visualising complex topics.

Foundations: Essential knowledge for financial integrity.

The AML Foundations (ABC) for Banking course is your first step towards becoming a proficient Anti-Financial Crime Specialist in the Banking sector.

What about timing and what is included?

• Activity type: online.
• Total course time: 10 hours.
• Video duration: 3 hours.
• Materials type: videos, texts, diagrams.
• Practical materials: included.
• Quizzes: Included here too!
• Final test: made up of 30 questions.
• Final test duration: 60 minutes.

What qualification will I get?

After successfully passing the ABC exam, you will receive a Certificate of Completion from the AML Certification Centre. It serves as a pass that shows you understand the basis behind AML/CTF+ and are ready to operate in the compliance and financial integrity sphere. It is a mark that will remind you what aspects of AML/CTF+ you should learn by heart while trying hard to do so.

*AML/CTF+ = Anti-Financial Crime. This abbreviation is used to highlight the biggest crimes in the field of finance.

What are the requirements for a student who wants to take AML Foundations?

• Basic computer/Internet literacy.
• B2 English.
• A desire to learn more about anti-money laundering and financial crimes of other types.
• A strong wish to work in the banking sector.