Financial crime costs the UK economy hundreds of billions of pounds every year, and the financial services sector sits at the frontline of the fight against it.
This course, Dirty Money: Spotting the Signs, equips professionals with the knowledge and practical skills to identify, prevent, and report money laundering and terrorist financing activity within their organisations.
Through real-world context and regulatory grounding, participants will explore how illicit funds move through the financial system, what the law requires of those working within it, and how to apply robust controls. From customer due diligence to suspicious activity reporting.
Whether new to AML compliance or refreshing existing knowledge, this course delivers a clear and current view of the UK regulatory landscape.
This course is suitable for anyone who works in the financial services sector that handles or processes large amounts of money, particularly those businesses where illegally-obtained cash, property or goods could be bought, sold or exchanged.
It's a legal requirement for businesses in the regulated sector to put in place systems and controls to prevent financial crime, money laundering and counter-terror financing. This includes those businesses in the financial sector, such as accountants and bookkeepers, and businesses where substantial sums of money form part of the business, such as estate agents and those in the gambling industry.
Explain the nature of money laundering and terrorist financing risks facing financial services firms, including the three stages of laundering and common typologies used by criminals.
Apply the principal legislation and regulations governing money laundering and terrorist financing, including POCA 2002, the Money Laundering Regulations 2017, and JMLSG guidance.
Work to the responsibilities within the regulatory regime — including the role of the MLRO — and understand the personal and organisational consequences of failure to comply.
Apply the practical steps required to manage AML/CTF risks: conducting customer due diligence, submitting suspicious activity reports, maintaining records, and performing ongoing monitoring.