Money Laundering Awareness Course
Course Description
This course explains the responsibilities of employers and employees under Money Laundering Regulations and the Proceeds of Crime Act.
It will enable the development of policies and procedures that assist in identifying the risks of your organisation being used for money laundering by criminals and those engaged in terrorist activity.
The course explains what you need to have in place to identify money laundering, prevent it, and report it to the appropriate authorities.
The aim of this course is to introduce you to the following:
- Money laundering regulations
- Registering with HMRC for money laundering regulations
- The risk-based approach and risk assessments
- Internal controls and monitoring systems
- Appointing a nominated officer and training employees
- Reporting suspicious transactions or activities
- The ‘fit and proper’ test
- The Proceeds of Crime Act 2002
Unit 1 – Introduction to money laundering regulations
In this unit, you will learn about:
- What money laundering is
- Who money laundering regulations apply to
- Anti-money laundering controls and monitorin
- Reporting suspicious activity
Unit 2 – Registering with HMRC for money laundering regulations
In this unit, you will learn about:
- Businesses covered by money laundering regulations
- Business types supervised by HMRC
- Carrying out an activity ‘by way of business’
- Charities and public bodies
- Registering with HMRC and the consequences of not doing so
Unit 3 – The risk-based approach
In this unit, you will learn about:
- Advantages of the risk-based approach
- How to carry out a risk assessment
- What actions to take upon completion of a risk assessment
Unit 4 – Internal controls and monitoring systems
In this unit, you will learn about:
- Applying customer due diligence measures
- Internal controls and ongoing monitoring of your business
- Completing a policy statement for your business
- Record keeping requirements
Unit 5 – Appointing a nominated officer and training employees
In this unit, you will learn about:
- The role of the nominated officer
- Who can be appointed as a nominated officer
- Training your employees to comply with money laundering regulations
Unit 6 – Reporting suspicious transactions or activities
In this unit, you will learn about:
- What constitutes a suspicious transaction or activity
- When to report suspicious activity
- How to submit a Suspicious Activity Report
- How to get consent to proceed with a transaction or activity
- Enquiries and support when completing a Suspicious Activity Report
Unit 7 – The ‘fit and proper’ test
- In this unit, you will learn about:
- What the fit and proper test is
- Who must apply for the fit and proper test
- Completing the application form
- The application process
- Failure to pass the fit and proper test
- Personnel changes and fit and proper status
Unit 8 – The Proceeds of Crime Act 2002
In this unit, you will learn about:
- What the Act does
- Criminal offences under the Act
- Dealing with a complaint
Relevant Accreditation
The certificate achieved is fully registered with the CPD Standards Office.
E-Learning Format:
This eLearning is accessed through a dedicated learner portal. Your course material is presented in an interactive and easy to follow presentation enabling you to study at your own pace.
The course is divided into simple sections with a short quiz at the end of each to test your knowledge. Once you have progressed through each of the course sections you can complete an end of course quiz which consists of multiple-choice questions based on the material that you have studied.
Once you have passed the course you can download your fully accredited CPD certificate (PDF format) directly from your learning account.
Duration and Time Limit:
The course takes approximately 60 minutes to complete, although there is no time limit and you can do it in your own time and in stages.
Certificate:
The certificate achieved is fully registered with the CPD Standards Office.
Benefits:
- 100% Pass Rate.
- Easy to complete.
- Improve your career prospects.
- Learn valuable knowledge, skills, advice and guidance to help you achieve success.
- Study online from anywhere.
- Study at your own pace.
- Download and print your accredited CPD certificate on successful completion.
Course Compatibility:
All our courses are fully compatible with PC’s, Mac’s, Laptop, Tablet and Smartphone devices.
We know that more and more people are using the web whilst they are on the move, so we have designed our courses to be fully compatible across tablet and smartphone devices.
