Certificate in Anti-Money Laundering Foundations

Enroll in the Certificate in Anti-Money Laundering Foundations and take your Anti-Money Laundering Career to the next level!

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Course Description

The process of hiding or masking the origin of illegally obtained funds is known as money laundering. The purpose of this action is to make the proceeds of criminal activities appear to have come from legal sources. Criminals can benefit from revenues and money without endangering their source. It is the illicit practice of hiding the proceeds of financial crime, frequently through the use of banks and commercial enterprises.

Every organization requires the knowledge covered in this course on anti-money laundering foundations. Risks and occurrences related to financial crime are faced by financial institutions like banks, insurance firms, brokerage houses, and other entities. Criminals attempt to bypass the organizations’ security measures and get access to the systems, users, and information for their own gain, including money launderers, terrorists, tax evaders, insider traders, and cyber attackers.

Professionals in risk management, internal controls, fraud risk management, compliance, anti-money laundering, anti-financial crime, and internal audit functions are the intended audience for this course. Other professionals who want to learn more about the structure and principles of anti-money laundering and counter-terrorism financing may also enroll in this course.

This certificate program is a foundational training with four module where you will learn about the core concepts of anti-money laundering and its investigative processes, organizational rules and regulations, and risk mitigation measures.

What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Course Overview

Learning Objectives

Understand the foundational concepts of money laundering and terrorist financing
Be aware of money laundering and terrorist financing in practice
Differentiate between and characterize money laundering and terrorist financing
Understand key AML/CTF laws and regulations
Comprehend global regulatory AML/CTF frameworks
Differentiate between key international legislative bodies and standard-setters
Be aware of risks associated to money laundering and terrorist financing from an organizational perspective
Identify organizational AML/CTF risk management and risk mitigation principlesIdentify indicia for potential suspicion
Understand how to conduct an AML/CTF investigation
Explain different investigation outcomes and understand suspicious activity reports

Target Audience

Compliance professionals that want to acquire a solid understanding of AML/CTF
Risk management professionals that want to effectively manage AML/CTF risks
Ambitious AML/CTF compliance personnel looking to broaden knowledge and skills
Career starters seeking career opportunities in the AML/CTF compliance industry

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Curriculum

Introduction to the Program

Introduction to the Program

Module 1: Introduction to AML/CTF

Introduction to this Module
What is Money Laundering? What are Predicate Offenses?
Stages of Money Laundering
Exemplary Methods of Money Laundering (Banks & Financial Institutions)
Exemplary Methods of Money Laundering (Non-Banks)
What is Terrorist Financing?
Stages of Terrorist Financing
Exemplary Methods of Terrorist Financing
Similarities and Differences Between Money Laundering and Terrorist Financing
Case Study – Terrorist Financing Using Real Estate
Module Summary
Multiple Choice Quiz
Further Reading and References

Module 2: Overview of Relevant AML/CTF Laws and Regulations

Introduction to this Module
Financial Action Task Force (FATF)
United Nations, International Monetary Fund, and World Bank
Wolfsberg Group
Basel Committee
Egmont Group
US AML/CTF Legislation
EU AML/CTF Legislation
Case Study: Role of Financial Action Task Force in Prevention of ML/TF
Module Summary
Multiple Choice Quiz
Further Reading and References

Module 3: Organizational AML/CTF and Risk Mitigation

Introduction to this Module
AML/CTF Governance (Function and MLRO)
AML/CTF Risk Identification and Risk Assessment
AML/CTF Policies, Procedures, and Controls Framework
AML/CTF Employee Training
Independent AML/CTF Audit and Review
Transaction Monitoring
Know Your Customer and Customer Due Diligence
Case Study: AML/CTF Compliance Program Implementation Requirement
Module Summary
Multiple Choice Quiz
Further Reading and References

Module 4: AML/CTF Investigation

Introduction to this Module
Indicators for Money Laundering and Terrorist Financing
Performing an AML/CTF Investigation
Possible AML/CTF Investigation Outcomes
Filing Suspicious Activity Reports
Record Keeping and Documentation Requirements
Role of the Financial Intelligence Unit and International Cooperation
Case Study: AML/CTF Documentation to be Maintained
Module Summary
Multiple Choice Quiz
Further Reading and References

Final Assessment

Final Assessment

Completing the Program

Completing the Program

Certification Track

Complete all courses of the certification track to become a Certified Money Laundering Prevention Professional (CMLP).

Certificate In Aml Ctf Suspicious Activity Reports

Fca003 Certificate In Counter Terrorist Financing

Fca001 Certificate In Anti Money Laundering And Know Your Customer Foundations

Fca008 Certificate In Anti Money Laundering And Counter Terrorist Financing

Certificate In Anti Money Laundering Foundations

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What our students are saying

Highly recommended!

I liked it a lot. The topics were logically arranged. The presentation was straightforward. It was delivered in a manner that is easy to understand. The practical assessments every end... Read More

Great introductory course to Anti money laundering

Great introductory course to Anti money laundering. Both the course and the material are well structured and the instructor managed to share his knowledge on the subject... Read More

The conception and explanation are so clear even for the beginner level

I'm impressed! The conception and explanation are so clear even for the beginner level, thanks for extra PDF materials to each section. Glad I purchased 2 more courses at the... Read More

Ultimate Guide to Anti-Money Laundering & AML Compliance

This course was a excellent course and I learned so much and the course enlighten my understanding with Guide to Anti-Money Laundering and AML Compliance... Read More

Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

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