- Understand the principles of money laundering and terrorist financing, including how financial services products and institutions can be misused by criminals.
- Identify the key UK laws, regulations, and authorities governing AML in financial services.
- Recognise common money laundering and terrorist financing typologies across different financial market sectors.
- Apply a risk-based approach to customer due diligence and ongoing monitoring, taking account of customer risk, product risk, geographic risk, and delivery channels.
- Identify and appropriately escalate suspicious activity and sanctions concerns, in line with internal procedures and regulatory expectations.
This course provides a practical introduction to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) obligations within the UK financial services sector. It explains the legal and regulatory framework that governs financial institutions and the expectations set by the Financial Conduct Authority. Learners will explore core AML concepts such as the risk-based approach, customer due diligence and enhanced due diligence, beneficial ownership, ongoing monitoring, and suspicious activity reporting. The course clarifies individual responsibilities across front-line, operational, and control functions, as well as the roles of the MLRO and senior management. Through realistic financial services scenarios, the course highlights common money laundering and terrorist financing risks across areas such as onboarding, payments, trade finance, correspondent banking, investment products, and high-risk customers or jurisdictions. It also covers sanctions and proliferation financing risks, tipping-off offences, and the role of systems and technology in supporting effective AML controls. By the end of the course, learners will understand how financial institutions can be misused for financial crime and how to identify, manage, and escalate risk appropriately.
- AML and CFT Overview
- The UK regulatory system
- The risk based approach
- Common types of money laundering and terrorist financing
45 minutes + 15 minutes for the final test
£95