Anti-money laundering - an Introduction

Overview
Content
Outcomes
Duration
Overview

This introductory anti-money laundering courses is designed for law firms and their staff.

There are three sections:

  • Anti-money laundering – the basics
  • Client due diligence
  • Reporting

The course also includes a Quiz which staff must pass to complete the course. The pass mark is 80%.

If staff already know their way around their AML obligations, they can take the Quiz at the start of the course, and if they pass, they won’t have to complete the three modules. ​

We have a separate version for law firms in Scotland.

Course results can be tracked and monitored on our Learning Management System (LMS) or you can host the course on your own LMS.​

Content
Anti-money laundering – the basics
  • What is money laundering?
  • Who launders money?
  • Why AML is not just about money
  • Who’s who in AML at your firm
  • AML crimes and punishment
  • The SRA’s approach
  • Key obligations on law firms
  • Money laundering regulations 2017 – what do they not apply to?
Customer Due Diligence (CDD) for law firms
  • CDD – The Basics
  • CDD – The checks
  • Enhanced CDD
  • The Sanctions list
  • High-Risk Countries
AML Reporting Requirement
  • When do I know enough to report?
  • Reporting to your Money Laundering Reporting Officer
  • Reporting to the National Crime Agency (NCA)
  • NCA responses to a Suspicious Activity Report
  • Defence against Money Laundering
  • Handling clients after making a Suspicious Activity Report
  • Tipping off
Outcomes

Outcomes

As a result of completing this AML course you will know:

  • what money laundering is and how and why you and your firm are at risk
  • key legal and regulatory obligations for you and for your firm
  • when and how to complete Customer Due Diligence (CDD), Enhanced CDD and other checks
  • why ongoing monitoring and constant vigilance are essential
  • when and how to report to your Money Laundering Reporting Officer (MLRO)
  • how to avoid the risks of ‘tipping off’
Duration

Duration

The course takes 75 minutes to complete. Staff can stop at any time and resume where they left off.