Compliance

Money Laundering Awareness Online Course

The course explains what you need to have in place to identify money laundering, prevent it, and report it to the appropriate authorities to gain your money laundering certificate.

The course covers how to identify, prevent, and report money laundering to the appropriate authorities.

Money Laundering Awareness Online Course

£10

CPD Certified
Endorsed by Institute of Hospitality
Online course
Validated by Subject Matter Experts
Delivered by subject experts
Designed with you in mind

About our Money Laundering Awareness Online Course

Learning outcomes

Explain the three stages of money laundering and identify which business sectors money laundering regulations apply to
Outline the use of a ‘risk-based’ approach to preventing money laundering and list the five stages of a risk assessment
Learn how to apply customer due diligence measures in appropriate circumstances
Complete a policy statement for your business detailing your approach to preventing money laundering
Outline the role of the nominated officer and recognise suspicious transactions, including how to submit a Suspicious Activity Report if necessary
Outline offences relating to money laundering under the Proceeds of Crime Act 2002

Course details

Our Money Laundering Course provides the knowledge needed to pass the assessment on identifying, preventing, and reporting money laundering to the appropriate authorities
The course covers a series of important topics such as the three stages of money laundering and how to recognise suspicious transactions, including how to submit a Suspicious Activity Report if necessary
Our money laundering training gives you everything you need to feel confident in detecting and eliminating money laundering in businesses

Assessment

How long will it take? 60 minutes.

What type of assessment is it? When you finish the course, you’ll complete an end-of-learning online assessment consisting of a total of 15 questions. 80% of the questions will need to be answered correctly in order to pass.

What will I receive? Once you’ve passed the assessment included in the course, your digital certificate will be available on the platform.

How long is it valid for? Up to 1 year after purchase.

Who's the course suitable for?

This course is ideal for team members of all levels to provide an understanding of what the everyday responsibilities are under the money laundering regulations and the measures that can be taken to protect your business against the risk of money laundering.

Endorsements and accreditations

Endorsed by Institute of Hospitality
CPD Certified

Why choose CPL Learning?

We’re known for our first-rate service in helping people quickly gain the knowledge they need, all for an affordable price.

Life a little busy? We get it, and that’s why our elearning courses are all accessible 24/7, 365 days a year, meaning you can learn at your own pace, when you have the time. Our courses are all available on desktop and mobile too – so you can even learn on the go. And with accessibility tools like in-situ language translation and open subtitles, our courses are designed with you in mind.

We’re with you right from the start of your learning journey, providing you with all the information you need in an easily digestible format. Our content is regularly reviewed by experts to make sure it's always relevant and accurate. Plus, additional resources are provided in fully accessible PDF formats.

Get in touch today to start your journey!

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FAQs

How long does it take to complete a money laundering awareness course?

All learners are different, but our course tends to take 60 minutes to complete.

What are 4 risks of money laundering?

There are lots of risks to money laundering. These include negative publicity, damage to corporate reputation and loss of goodwill, legal and regulatory sanctions as well as an adverse effect on the bottom line.

What is an example of a suspicious transaction?

An example of a suspicious transaction might be high volumes of transactions being made in a short period of time, or depositing large amounts of cash into company accounts. Other suspicious transactions include depositing multiple cheques into one bank account, purchasing expensive assets.