AML Essentials: Anti Money Laundering, KYC and Compliance from Udemy

Welcome to the course AML Essentials: Anti Money Laundering, KYC and Compliance where you will learn all the basics and fundamentals about Anti Money Laundering and AML Compliance.

Your learning journey will cover a number of important Money Laundering and Anti Money Laundering concepts, including:

What is Money Laundering? And what are Predicate Offenses?
How does Money Laundering work in practice? What are the Three Stages of Money Laundering?
What is Anti-money Laundering? What are the Consequence of Non-compliance?
What is the Risk-based approach (RBA)? What is an AML Risk Assessment?
What is required for an effective AML Compliance Program?
What do the concepts Know Your Customer (KYC) and Customer Due Diligence (CDD)?
What is Enhanced Due Diligence (EDD) and what are Politically Exposes Persons (PEPs)?

Throughout this course you can test your newly acquired knowledge with quiz questions. You will also find a great deal of additional resources as part of this course, including cheat sheets, checklists, questionnaires, tables, and more.

There are no prerequisites for this course and it can be completed in just 1 to 2 hours of your time. That's a very good time investment.

Certificate of Completion

Completing this course shows your dedication to fight money laundering and protect your organization. Why not show that you have acquired specialized knowledge in the field of AML? This courses comes with a Certificate of Completion that you can use to show your newly acquired skills and improved professional value through a better understanding of AML compliance. Start the course and earn your AML certificate today.

Additional Value and Bonus Material

We have also included some awesome bonus material. In particular, you will get the following:

Exclusive LinkedIn community access

3 Quizzes with numerous Quiz Questions

AML Compliance Program Checklist

Course Slides as download material

Discount codes for additional courses

Course enrollment grants you lifetime access, with no expiration, to all the course lectures. In addition, you’ll also receive support for any questions or uncertainties that might come up. And this all comes with a money-back guarantee. You have nothing to lose and so much valuable AML-specific knowledge to gain. Start this course today.

What's inside

Learning objectives

Explain the term money laundering
Comprehend the three stages of money laundering
Exemplify common money laundering schemes
Understand the relevant of anti-money laundering
Be aware of the consequences for non-compliance

Recognize the risk-based approach
Initiate the aml risk assessment
Design an effective aml compliance program
Understand the aml concepts: cdd, edd, kyc, kycc, kyb, and pep

Explain the term money laundering
Comprehend the three stages of money laundering
Exemplify common money laundering schemes
Understand the relevant of anti-money laundering
Be aware of the consequences for non-compliance
Recognize the risk-based approach
Initiate the aml risk assessment
Design an effective aml compliance program
Understand the aml concepts: cdd, edd, kyc, kycc, kyb, and pep

Syllabus

Introduction

What you will learn and who this course is for

Invitation #1 - Explore the Financial Crime Academy Training Platform

Invitation #2 - Join our exclusive LinkedIn Group

Download: Course Slides

About You: What is your motivation for taking this course and what do you expect

Understanding Money Laundering

What you will learn in this section

What is Money Laundering?

What are Predicate Offenses?

3 Stages of Money Laundering

Examples of Money Laundering

Test your Knowledge

Introducing Anti-Money Laundering

What is Anti-Money Laundering

The importance of Anti-Money Laundering

Consequences of Non-Compliance

Learning important AML Concepts

Risk-Based Approach

AML Risk Assessment

AML Compliance Program

Download: AML Compliance Program Checklist

Customer Due Diligence (CDD)

Know Your Customer (KYC)

Enhanced Due Diligence (EDD)

Politically Exposed Persons (PEPs)

Completing this Course

Congratulations

Get Your Certificate of Completion issued by the Financial Crime Academy

Bonus Section

Bonus Lecture

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Delves into the three stages of money laundering, providing a comprehensive understanding of the process

Explores real-world money laundering schemes, offering practical insights into how these illicit activities are carried out

Emphasizes the importance of anti-money laundering measures, highlighting the consequences of non-compliance

Introduces the risk-based approach, enabling learners to understand how to assess and mitigate money laundering risks

Provides a practical framework for developing an effective AML compliance program, ensuring compliance with regulations

Covers essential AML concepts such as KYC and EDD, empowering learners with industry-standard knowledge

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in AML Essentials: Anti Money Laundering, KYC and Compliance with these activities:

Course Materials Compilation

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Organize and compile course materials, including notes, assignments, quizzes, and exams, for efficient review and retention.

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Gather and organize all course materials in one location
Review materials regularly to reinforce concepts

Review international compliance regulations

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Solidify and refresh foundational knowledge of international compliance regulations to lay a strong foundation for course concepts.

Browse courses on AML

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Identify and gather relevant regulations applicable to your location and industry
Review key principles, definitions, and requirements of each regulation

Discussion Forum Participation

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Engage with peers to discuss course topics, share insights, and clarify concepts, fostering a deeper understanding of AML.

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Actively participate in online discussion forums
Post thoughtful questions and comments to stimulate discussion
Constructively respond to others' posts

Four other activities

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Show all seven activities

Interactive AML Simulation

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Participate in interactive simulations to experience practical AML scenarios and refine decision-making abilities.

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Enroll in or access online AML simulation platforms
Complete simulation exercises, following instructions and prompts
Analyze results and identify areas for improvement

AML Awareness Presentation

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Create a presentation to educate others about AML, reinforcing course concepts and improving communication skills.

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Develop an outline and gather information from course materials and additional research
Design slides and incorporate visuals, examples, and case studies
Practice delivering the presentation to receive feedback and improve

Real-Life Case Study Analysis

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Analyze real-life case studies to apply AML concepts and enhance problem-solving skills.

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Review provided case studies or research real-world examples
Identify red flags and potential money laundering schemes
Develop and implement appropriate AML strategies
Evaluate the effectiveness of implemented strategies

Volunteering at AML Organization

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Gain hands-on experience and insights by volunteering at an organization dedicated to combating money laundering.

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Identify and reach out to local AML organizations or law enforcement agencies
Inquire about volunteer opportunities and requirements
Attend training and orientation programs

Career center

Learners who complete AML Essentials: Anti Money Laundering, KYC and Compliance will develop knowledge and skills that may be useful to these careers:

Anti-Money Laundering Analyst

Anti-Money Laundering Analysts provide organizations with essential knowledge and guidance on mitigating money laundering risk. This course can help you build a strong foundation towards this career. The course provides extensive insight into AML regulations, as well as best practices for implementing an effective AML compliance program. You will also gain skills in identifying suspicious transactions, understand red flags, and how to file Suspicious Activity Reports (SAR). If you wish to enter this field, this course is a great starting point.

See salaries and explore the career path for Anti-Money Laundering Analyst

Compliance Officer

Compliance Officers play a vital role in ensuring that organizations adhere to laws, regulations, and ethical standards, including anti-money laundering regulations. This course will equip you with the knowledge of AML compliance, including risk management and customer due diligence. With this understanding, you can effectively manage compliance programs, conduct risk assessments, and develop policies and procedures to prevent money laundering. The course will boost your career prospects in the compliance field.

See salaries and explore the career path for Compliance Officer

Financial Crime Analyst

Financial Crime Analysts specialize in examining financial data to identify and investigate suspicious activities, including money laundering. This course provides foundational knowledge of money laundering and AML compliance, which are essential for success in this role. You will learn the different techniques used by criminals to launder money and how to detect suspicious transactions. The course covers financial analysis techniques, investigation procedures, and reporting requirements. It can significantly enhance your skills and competitiveness in this field.

See salaries and explore the career path for Financial Crime Analyst

AML/BSA Analyst

AML/BSA Analysts specialize in detecting and reporting suspicious activities that may indicate money laundering or other financial crimes. A comprehensive understanding of AML regulations, customer due diligence, and transaction monitoring is crucial. This course provides training in these areas, offering insights into the latest trends and best practices in the field. By taking the course, you can enhance your analytical skills, improve your ability to identify suspicious activities, and strengthen your expertise as an AML/BSA Analyst.

See salaries and explore the career path for AML/BSA Analyst

Forensic Accountant

Forensic Accountants investigate financial records to detect and prevent fraud, money laundering, and other financial crimes. Understanding AML regulations and investigative techniques is essential in this field. This course provides a foundation in these areas, covering topics such as money laundering schemes, transaction analysis, and reporting requirements. By completing the course, you can develop the skills and knowledge to contribute effectively as a Forensic Accountant.

See salaries and explore the career path for Forensic Accountant

Risk Manager

Risk Managers develop and implement strategies to minimize risks for organizations, including money laundering risks. This course offers valuable insights into AML compliance and risk management frameworks. It will help you understand the importance of risk assessments, due diligence procedures, and implementing internal controls. With this knowledge, you can contribute to the development of effective risk management strategies and advance your career as a Risk Manager.

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Auditor

Auditors evaluate financial records and internal controls to ensure compliance with laws and regulations, including AML regulations. A solid understanding of AML compliance is essential for Auditors. This course covers the key concepts of AML, including customer due diligence, transaction monitoring, and reporting requirements. By completing the course, you will enhance your knowledge and skills, which can strengthen your credibility as an Auditor.

See salaries and explore the career path for Auditor

AML Compliance Specialist

AML Compliance Specialists are responsible for developing and implementing AML policies and procedures within organizations. This course provides a thorough understanding of AML regulations and compliance requirements. You will learn about risk assessments, customer due diligence, transaction monitoring, and reporting suspicious activities. The course will enhance your knowledge and skills, helping you to establish and maintain effective AML compliance programs.

See salaries and explore the career path for AML Compliance Specialist

Regulatory Compliance Analyst

Regulatory Compliance Analysts ensure that organizations comply with relevant laws and regulations, including AML regulations. This course familiarizes learners with the fundamentals of AML compliance, including customer identification and verification, transaction monitoring, and reporting requirements. By completing the course, you will gain the knowledge and skills to analyze regulatory requirements, identify risks, and develop compliance strategies.

See salaries and explore the career path for Regulatory Compliance Analyst

Compliance Manager

Compliance Managers oversee and manage compliance programs within organizations, including AML compliance programs. This course provides a comprehensive overview of AML compliance, covering topics such as risk assessments, due diligence, and reporting requirements. By completing the course, you will enhance your understanding of AML regulations and best practices, which will enable you to effectively lead and manage compliance programs.

See salaries and explore the career path for Compliance Manager

AML Consultant

AML Consultants advise organizations on how to develop and implement effective AML compliance programs. This course provides a solid foundation in AML compliance, covering topics such as risk assessments, customer due diligence, and transaction monitoring. By completing the course, you will gain the knowledge and skills to identify and assess AML risks, develop compliance strategies, and provide guidance to organizations.

See salaries and explore the career path for AML Consultant

AML Investigator

AML Investigators investigate suspicious activities that may indicate money laundering or other financial crimes. This course provides foundational knowledge in AML investigations, covering topics such as money laundering techniques, transaction analysis, and reporting requirements. By completing the course, you will develop the skills and knowledge to effectively investigate and report suspicious activities, contributing to the fight against financial crime.

See salaries and explore the career path for AML Investigator

Bank Examiner

Bank Examiners assess the financial health and compliance of banks and other financial institutions, including their AML compliance. This course offers insights into AML regulations and compliance frameworks, covering topics such as risk assessments, customer due diligence, and reporting requirements. By completing the course, you will enhance your understanding of AML compliance, which can strengthen your effectiveness as a Bank Examiner.

See salaries and explore the career path for Bank Examiner

Law Enforcement Officer

Law Enforcement Officers are responsible for investigating and preventing crimes, including financial crimes such as money laundering. This course provides foundational knowledge in AML, covering topics such as money laundering techniques, transaction analysis, and reporting requirements. By completing the course, you will gain insights into the role of AML in law enforcement, enhancing your ability to investigate and combat financial crimes.

See salaries and explore the career path for Law Enforcement Officer

Financial Analyst

Financial Analysts examine financial data to make investment recommendations or assess the financial health of companies. While not directly focused on AML, this course may be useful for Financial Analysts who want to gain a better understanding of money laundering techniques and how they can impact financial analysis. The course covers topics such as money laundering schemes and transaction analysis, which can enhance their ability to identify and mitigate financial risks.

See salaries and explore the career path for Financial Analyst

AML Essentials

Anti Money Laundering, KYC and Compliance

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What's inside

Learning objectives

Syllabus

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Activities

Career center

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