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AML Foundations Course
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AML Foundations Course

Anti-Money Laundering, Counter-Terrorist Financing, AML Foundations, Financial Crimes, Risk Management, Compliance, KYC, CDD

  • 5/5
    stars stars stars stars stars
  • 622
  • Green
  • English (UK) English (UK)
  • Last update 2.2024
Green
Global
Last update 2.2024

This course includes:

  • icon list 3 Hours of on-demand video
  • icon list 22 Submodules of reading material
  • icon list 26 Schemes
  • icon list 30 Assignments
  • icon list Final Exam
  • icon list Certificate of completion
  • icon list 2 weeks - Recommended learning timeline

295 €

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What You’ll Learn:

  • Foundational knowledge: deeply explore various financial crimes and predicate offences.
  • Risk management: understand risk and management techniques.
  • Compliance programs: understand the basics of compliance and its components like KYC, CDD and CIP.
  • Regulatory understanding: understand who the regulator is and global/regional AML/CTF+ regulations.
  • Industry specifics: explore various industries and specific ML/TF risks.
  • Ethics Conduct: learn ethical and conduct practices.
  • Practical application: analyse case studies for practical application of
AML/CTF+ concepts.
  • You’ll also understand all the necessary terminology AML/CTF+ specialists use.

Course overview

This course is focused on:

The course is an introduction to the fundamentals of anti-money laundering, counter-terrorism financing, and other financial crimes (AML/CTF+). Learners will gain a comprehensive understanding of the basic principles of AML/CTF+, key terms, and techniques for countering financial crime.

This course provides a foundational introduction to:

  • An overview of financial crimes and predicate offences, including the motivations behind them, methods, and impact.
  • Understanding risk and risk management in the context of anti-financial crime.
  • Foundational knowledge of risk management (compliance) programs, encompassing what they include and offering practical insights.
  • Learning how to mitigate financial crime risks and when to terminate business relationships.
  • Insights into typical compliance structures across different business sectors, the products and services they offer, and ML/TF risks specific to them.
  • Understanding who the regulators are, what regulations typically cover, how to comply with them, and the consequences of non-compliance.
  • Understanding the importance of, and the difference between, a Code of Ethics and a Code of Conduct.

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) course is your first step towards becoming a proficient Anti-Financial Crime Specialist.

How long is the course and what does it include?

  • Learning method: Online
  • Recommended period of completion: 2 weeks
  • Duration of video materials: 3 hours
  • Format: Video, textual materials, diagrams and schemes
  • Practical materials: Yes
  • Interactive quizzes: Yes
  • Final exam: 30 questions
  • Duration of final exam: 60-minute time frame

What qualifications will I receive?

Upon completion of the AML Foundations (ABC) course from the AML Certification Centre, you will receive a Certificate of Completion. This certificate signifies that you have successfully completed the course, gained a thorough understanding of AML/CTF+ fundamentals, and equipped yourself with the necessary knowledge to work in compliance and financial integrity. This confirms your commitment to professional development and mastery of AML/CTF+ foundations.

*AML/CTF+ = Anti-Financial Crime. We frequently use that abbreviation to highlight the most prominent financial crimes, while acknowledging that there are other types, such as proliferation financing.

Requirements

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

  • Basic computer and internet skills.
  • Knowledge of English at lest B2.
  • A desire to understand the principles of anti-money laundering, counter-terrorism financing, countering the financing of terrorism, proliferation financing and other financial crimes.

Course content

  • 6 sections
  • 22 lectures
  • 3h total length
Introduction to Financial Crimes

3 lectures

20 min
What are Financial Crimes?
Typology of Financial Crimes
Consequences and Impacts of Financial Crime
Risk

5 lectures

45 min
Understanding of Risk
What is Financial Crime Risk?
Risk Management in AML/CTF+ and Financial Crime
The importance of financial crime risk management
How FC risk is managed?
Compliance Program

5 lectures

45 min
Understanding of Compliance Program
Foundations of Compliance Programs
Foundations of KYC
Foundations of Ongoing Due Diligence
Sanctions Compliance
What is Reporting of Suspicious Financial Activities (SAR/STR)?
Termination of Business Relationship
Insight into different business sectors required to follow AML/CTF+ regulations

1 lecture

10 min
Understanding of different business sectors
Foundations of Regulation

4 lectures

30 min
International Organisations and Frameworks in AML/CTF+
Who is the Regulator?
AML/CTF+ difference by country and industry
Consequences of non-compliance
Ethical and Conduct Considerations

2 lectures

15 min
Importance of Code of Ethics and Code of Conduct
Comparison of Code of Ethics and Code of Conduct

Career path

After completing the course, individuals are generally prepared for entry-level or supportive roles in AML/CTF+. Here are some potential job roles suitable for those who have completed the AML Foundations (ABC) course:

AML Compliance Assistant: Supporting the compliance team in implementing and maintaining AML/CTF+ policies and procedures. €22,000 – €30,000
Junior Compliance Analyst: Assisting in the analysis of customer transactions to identify potentially suspicious activities. €25,000 – €35,000
Client Onboarding Analyst: Conducting initial due diligence checks as part of the client onboarding process in financial institutions and other obliged entities. €23,000 – €32,000
KYC (Know Your Customer) Analyst: Assisting in the KYC processes, including gathering and analysing customer identity information. €24,000 – €33,000
Transaction Monitoring Analyst: Supporting the monitoring of customer transactions to detect and report suspicious activities. €25,000 – €34,000
Compliance Administrative Assistant: Providing administrative support in a compliance department, helping with documentation and record-keeping. €20,000 – €28,000
Regulatory Compliance Assistant: Assisting in ensuring that the organisation complies with relevant AML/CTF+ regulations and laws. €22,000 – €30,000
Risk Assessment Coordinator (Junior): Supporting the risk management team in assessing and mitigating financial crime risks. €25,000 – €40,000

*Remember, these are just general estimates, and the actual salary for any given role can vary depending on the specific circumstances like the country, industry, additional certifications and experience.

 

FAQ

Who is recommended for the AML Foundations course?

Is recommended for students, financial professionals and anyone interested in strengthening their knowledge of money laundering prevention and anti-financial crime.

What benefits will I receive by obtaining the AML Foundations certification?

Earning the AML Foundations certificate will validate your training in the field, enhance your resume, and give you an advantage when applying for employment with financial institutions and other regulated entities.

What skills will I learn in the course?

You will learn about different financial crimes and predicate offences, basics of compliance structure and programs, how to analyse transactions, identify suspicious activities and apply legislation to prevent money laundering in the financial industry.

What are the benefits of taking the AML Foundations course?

Taking the course will help you to deepen your knowledge of money laundering prevention, improve your professional skills and become a sought-after financial professional.

Who is the AML Foundations course designed for?

Is designed for anyone who wants to understand the principles and practices of money laundering prevention, including financial analysts, employees of banks and financial organisations. It is highly recommended before starting the CASS Certification Program.

Reviews

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5/5
Thoroughly impressed. Clear explanations, interactive content, and practical insights. A must for anyone entering the world of AML compliance.
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  • Nathan Reynolds
  • Anti-Money Laundering Analyst
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5/5
Exceeded my expectations! The instructors break down complex concepts into digestible bites. Great resource for understanding anti-money laundering essentials.
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  • Olivia Parker
  • Compliance Officer
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5/5
AML Foundation is a gem for beginners. The course structure is brilliant, and the case studies bring theory to life. Perfect for building a strong foundation in AML.
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  • Brandon Mitchell
  • Financial Crime Investigator
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5/5
Comprehensive content, expert instructors, and practical applications. Elevates AML knowledge to the next level
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  • Lauren Hayes
  • Risk Management Specialist
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5/5
Outstanding AML training program! AML Foundation provides a comprehensive understanding of anti-money laundering. Relevant, insightful, and perfectly tailored for professionals.
Read More
  • Alexander Foster
  • AML Compliance Auditor

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