24 Students
Money laundering is a serious global issue that affects businesses, governments, and financial institutions worldwide. The Diploma in Anti Money Laundering Level 5 equips you with the essential knowledge and compliance skills to detect, prevent, and report money laundering activities effectively. By completing this course, you will gain a strong understanding of the laws, regulations, and procedures designed to combat …
Money laundering is a serious global issue that affects businesses, governments, and financial institutions worldwide. The Diploma in Anti Money Laundering Level 5 equips you with the essential knowledge and compliance skills to detect, prevent, and report money laundering activities effectively.
By completing this course, you will gain a strong understanding of the laws, regulations, and procedures designed to combat financial crime. This qualification prepares you for compliance, auditing, and financial risk management roles within the banking and corporate sectors.
In the UK, professionals working in Anti-Money Laundering (AML) and Compliance earn on average £40,000–£55,000 per year, with hourly rates ranging from £20–£28, depending on experience and role.
This comprehensive course begins with Module 01: Introduction to Money Laundering, where learners explore the concept, stages, and impact of money laundering on the financial system. Module 02: Proceeds of Crime Act 2002 outlines key UK legislation and offences related to financial crimes. In Module 03: Development of Anti-Money Laundering Regulation, learners trace the evolution of AML laws and international cooperation. Module 04: Responsibility of the Money Laundering Reporting Officer explains the duties, accountability, and reporting processes for AML officers.
Module 05: Risk-based Approach teaches how to identify, assess, and mitigate financial risks effectively. Module 06: Customer Due Diligence explores verifying client identities and assessing risk profiles. Module 07: Record Keeping focuses on maintaining accurate records for compliance and audits. Module 08: Suspicious Conduct and Transactions guides learners in identifying and reporting unusual activities. Finally, Module 09: Awareness and Training highlights how to promote compliance culture within organisations.
In this introductory module, we will develop our understanding of what money laundering is and will explore the three stages of money laundering in detail.
In module two, we will learn the principles of the Proceeds of Crime Act 2002 and discuss the notions and elements of criminal property. It covers the concealing offence, arranging office and the Acquisition, Use and Possession Offence.
In module three, we will familiarise with terrorist legislation and take a more in-depth look at The Proceeds of Crime Act 2002. It provides essential information on the second, third, fourth and fifth Money Laundering Directive.
In module four, we will learn about the role of the money laundering reporting officer and the information that needs to be included in the MLRO’s Annual Report. It also covers internal reporting procedures.
In module five, we will develop our understanding of customer due diligence and the main factors to consider when determining AML risk. It also provides step-by-step guidance on how to assess client risk.
In module six, we will explore the key elements needed in a customer due diligence program, from account opening to customer identification and verification. It also covers consolidated KYC risk management.
In module seven, we will look at record-keeping procedures and best practice, including in what form records should be kept and the consequences of failure to keep records.
In module eight, we will gain an in-depth understanding of what constitutes suspicious activity and what to do if customer activity appears suspicious, as well as the types of events that may cause suspicion.
In module nine, we will take a look at the legal requirements for staff training and awareness, including the responsibilities of senior staff. A wide range of training methods will be explored, as well as key assessment procedures.
This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated training and learning provision. Please note that it is not an accredited qualification and does not fall under Ofqual regulation. If you are seeking formal recognition, such as entry into higher education, your training provider can guide you. Additional details are also available in the Learner FAQs on the Quality Licence Scheme website.
Upon successfully completing the Diploma in Anti Money Laundering Level 5 course, learners will have the option to order an endorsed certificate as evidence of their accomplishment. This Certificate of Achievement is endorsed by the Quality Licence Scheme.
In addition, once you successfully complete your course, you will instantly receive a FREE CPD Accredited Digital Certificate.
Online Training Academy (OTA) operates as an authorised reseller of QLS-endorsed courses provided by Training Express Ltd. Learners enrolling through OTA will be assigned their courses within the OTA platform; however, all assessments, certification, and registration processes are managed and administered directly by Training Express Ltd.
1.Compliance and risk management professionals
2.Banking and financial services employees
3.Law enforcement and investigation officers
4.Legal and auditing professionals
5.Individuals seeking AML and compliance careers
1.Anti-Money Laundering Officer
2.Compliance Analyst
3.Risk and Compliance Manager
4.Financial Crime Investigator
5.Internal Auditor
6.Regulatory Compliance Consultant
| Module 01: Introduction to Money Laundering | |||
| Introduction to Money Laundering | 00:15:00 | ||
| Module 02: Proceeds of Crime Act 2002 | |||
| Proceeds of Crime Act 2002 | 00:19:00 | ||
| Module 03: Development of Anti-Money Laundering Regulation | |||
| Development of Anti-Money Laundering Regulations | 00:25:00 | ||
| Module 04: Responsibility of the Money Laundering Reporting Officer | |||
| Responsibility of the Money Laundering Reporting Officer | 00:19:00 | ||
| Module 05: Risk-based Approach | |||
| Risk-based Approach | 00:20:00 | ||
| Module 06: Customer Due Diligence | |||
| Customer Due Diligence | 00:22:00 | ||
| Module 07: Record Keeping | |||
| Record Keeping | 00:14:00 | ||
| Module 08: Suspicious Conduct and Transactions | |||
| Suspicious Conduct and Transactions | 00:20:00 | ||
| Module 09: Awareness and Training | |||
| Awareness and Training | 00:18:00 | ||
| Assignment | |||
| Assignment – Diploma in Anti Money Laundering at QLS Level 5 | 2 weeks, 1 day | ||
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