10 Anti Money Laundering Courses

If you’re looking for an in-depth guide on anti-money laundering that you can immediately share with your team, then Mitti (by SafetyCulture)'s Anti-Money Laundering Training is the best option. This anti-money laundering course delves into the concept of money laundering and how it works. It describes the three independent steps involved in this criminal act – placement, layering, and integration, and how they occur simultaneously.

This course also lays out the most common money laundering schemes to look out for, like smurfing, wire and electronic fund transfers, the formation of shell corporations, and more. For businesses vulnerable to money laundering, you'll be glad to know that this course includes a list of the best practices to protect your company from this unlawful activity.

Anti money laundering training software Mitti (by SafetyCulture) designed this course to be easily accessible and fully editable. Using its course creation tool, you can customize its brand and looks, and even add certain policies and practices specific to your organization.

• Scope: Money laundering definition and how it works, steps involved in money laundering, most common money laundering schemes, best practices to combat money laundering

The AML Foundations: Anti-Money Laundering Course by The Association of Certified Anti-Money Laundering Specialists (ACAMS) is also an ideal resource for businesses seeking to maintain their AML compliance. Here, your team will get to explore not only money laundering but also other types of financial crimes. They’ll gain a sound understanding of the risks this criminal activity carries and how they can help prevent it from ever happening. Add to that, they’ll learn how to identify and report unusual and suspicious customer activities.

Your team will receive a recognized anti-money laundering certificate upon completion of the course and passing a short exam.

• Scope: Money laundering and other financial crimes, risks of money laundering, anti-money laundering prevention tips, how to report unusual activities

International Compliance Association (ICA) has also put together a helpful anti money laundering course that would give your team a solid understanding of money laundering and terrorist financing. Here, your team will be able to dig deeper into how these financial crimes work, as well as how sanctions can help curtail these unlawful activities. The vulnerabilities of financial institutions to both money laundering and terrorist financing will also be covered, followed by some tips on how to combat them.

The training can be completed in as little as four weeks, but it remains accessible for up to 3 months.

• Scope: Introduction to money laundering and terrorist financing, the importance of sanctions, vulnerabilities of financial institutions, how to combat money laundering and terrorist financing

Life Insurance Marketing and Research Association (LIMRA) takes anti-money laundering compliance training very seriously. In this elearning course, your team will be able to build a solid understanding of money laundering, and most importantly, the rules and regulations that help combat this financial crime. It will also raise their awareness about some activities that may indicate money laundering, and how to report them. This compliance training course is available in both English and Spanish to encourage more people to train.

• Scope: Money laundering definition, anti-money laundering rules and regulations, red flags indicating money laundering scam

Thomson Reuters' Anti-Money Laundering Compliance course can also help you further educate your team about the core aspects of anti-money laundering. Through a modular and interactive learning approach, your team will learn more about money laundering processes that criminals use to disguise the ownership of their illegal cash. Then, it will show them how important due diligence and a ‘risk-based approach’ are in fighting this type of criminal activity. Towards the end of this course, your team will also understand the consequences of anti-money laundering regulatory breaches.

There are only three key modules in this course, which is perfect for employees with busy schedules in the financial industry.

• Scope: Money laundering processes, the importance of due diligence and a ‘risk-based approach’, consequences of anti-money laundering regulatory breaches

Alison’s Introduction to Anti-Money Laundering Regulations course was designed to increase the familiarity of businesses and their employees with money laundering. Here, your team will learn more about money laundering. Plus, they’ll know the steps criminals usually follow before they commit the crime, so they can easily spot this crime when they come across one.

This anti money laundering course will also discuss in depth the laws established by governing bodies to prevent this unlawful act from happening. Towards the end of this training, your team will find some helpful tips and tricks on how to identify suspicious activities and report them.

This Alison course is free to take, but learners will have to pay at least 21 EUR to get a course certificate.

• Scope: Introduction to money laundering, stages of money laundering, anti-money laundering laws, ways to identify suspicious activities

If your business belongs to the retail industry, then this Money Laundering: Prevention and Detection course by WebCE is the best training material to share with your team.

This self-paced online course aims to increase the familiarity of most retail staff with money laundering and how this financial crime occurs. This way, they can easily detect and report when they come across one. It discusses the types of customer information that must be obtained when a new customer opens an account. Then, it goes over the importance of verifying a customer’s identity to prevent the risk of money laundering and other financial crimes. This course also includes tips to identify common red flags that suggest a customer may be involved in a money laundering scheme.

• Scope: Introduction to money laundering, stages of money laundering, anti-money laundering laws, ways to identify suspicious activities

Educate your team on how to detect forged IDs and documents with the help of this anti money laundering course by Framedia. Here, your employees will be guided step by step through the process of verifying their customers' information, whether in person or through the use of technology. They’ll learn how to spot suspicious activities and recognize the difference between fake and genuine documents. This course will also give some tips on how to reject unauthorized customers with suspicious transactions.

Following a self-paced learning approach, your team has the freedom to set their own learning schedule and complete it when it’s convenient for them.

• Scope: Steps to verify customer details, identify suspicious activities, the difference between fake and genuine documents, tips to reject unauthorized transactions

Anyone in the financial services sector that handles large amounts of money will greatly benefit from this anti-money laundering course by High Speed Training.

It covers everything your team needs to know about the laws that deal with the prevention of money laundering and financial crimes in general. There are lessons about the key regulatory requirements of the Money Laundering Regulations, the Criminal Finances Act 2017, and The Economic Crime (Transparency and Enforcement) Act 202. It also specifies the due diligence and individual and company identification processes. By the end of the course, your team should be able to explain how the law of anti-financial crime influences the work they do every day.

• Scope: Anti money laundering laws, due diligence, individual and company identification processes