AML & CTF

The operating environment in which you do business has financial systems and controls that are designed to reduce the risk of money launderers, terrorist financiers or other criminals using your business to launder proceeds from their illegal activities or to fund terrorists. These systems also protect your business and employees by reducing the risk that they are held criminally liable for failing to understand your obligations and responsibilities with respect to laws, rules and sanctions.

The industry is a highly regulated sector when it comes to anti-money laundering (AML) requirements, which affect many global jurisdictions. Our Anti-Money Laundering & Counter-Terrorist Financing (AML/CTF) course (applicable to both online and land-based organisations) covers the background and consequences of AML/CTF, including details of the law and regulation in relation to these areas and businesses’ systems and controls that are used to prevent and detect financial crime. Also included throughout the course are interactive maps covering European rules and regulations.

By the end of this course you will be able to:

Understand the consequences of involvement in money laundering and terrorist financing, for both your business and yourself.

Explain the key elements of the UK’s anti-money laundering and counter-terrorist financing laws and regulations.

State the main UK money laundering and terrorist financing offences.

Describe systems and controls designed to manage the risk related to these activities.

Apply the law to business scenarios.

Understand your personal liability.

Level
Beginner or Advanced

Duration
30-40 minutes

Customisable
course

Course Outline

  • Introduction
  • Key concepts 
  • Consequences 
  • Law and regulation 
  • Your responsibilities 
  • Systems and controls
  • Customer due diligence 
  • Risk-based approach
  • Reporting suspicions 
  • Financial sanctions 
  • Policies and procedures 
  • Conclusion 
  • Test your understanding 
     

"We have partnered with GamblingCompliance to provide eLearning as part of our wider internal training programme to maintain our high AML standards. This allows us to reinforce our culture of compliance and not only meet, but exceed AML obligations. The courses are graded so the level of training can be provided on a risk basis, depending on the role. The service is easy to manage and the team are always on hand to help"


Money Laundering Reporting Officer, Online Casino