AML Online Courses

Anti-Money Laundering (AML) online course

For bookkeepers, those in practice and independent accountants.

In 2017 and 2020 changes in legislation were introduced in the UK to help prevent the laundering of money, and terrorist and organised crime financing. Anyone providing financial services has a legal duty of compliance; so this training is relevant for most practitioners.

Money Laundering issues are prevalent in the financial world. If your business is covered by money laundering prevention laws, this training is a must to help ensure compliance; making you and your employees aware of the most vital aspects.

The IAB Blue AML course provides you with an easy to digest guide to AML, helping you to understand this legal duty and be best prepared for an inspection.

This online course demystifies AML and will help you to develop better understanding in the application of AML requirements to build a compliant framework within your practice giving you confidence going forward.

Who needs to do this course

This course is suitable for anyone who works in the financial services industry; handling and processing money, transactions or records for clients.

If you’re new to bookkeeping or accounting and need an easy-to-understand, practically focused course on AML which covers the key principles.

For anyone who needs to be more up-to-date with the recent rules and regulations

This AML online course covers

This CPD accredited online training course is packed with unique features designed to help you mitigate business risks associated with the laundering of money. It covers the requirements under the Money Laundering Regulations from Risk Assessment to the design of effective procedures and policy for your business.

8 AML Course Modules in total

MODULE
1

An introduction to AML

Aimed at those new to supervised practice or looking for an update. This module covers the background to legislation and explains what ‘money laundering’ is, particularly in the context of everyday practice. It signposts key sources for guidance and highlights responsibilities for Bookkeepers introducing a framework for managing AML. It explains the IAB role as a ‘Professional Body Supervisor’ and how inspections operate to improve practice.
MODULE
2

System and Controls

This module explores the requirements for bookkeepers and accountants to develop ways of working which identify and then reduce money laundering risks. It introduces the ‘firm risk assessment’ and explains the basis for AML policy. It also covers the importance of systematic procedures which will be used by the business for compliance with the AML regulations.

COMING SOON

EARLY BIRD OFFER

All 8 Modules for just £120*

MODULE
3

Risk Assessment

This module explores an approach for assessing sources of money laundering risk that affect the bookkeeping/accounting practice and developing the ‘firm risk assessment’ in more detail. It highlights the importance of ‘client risk assessment’ and explores methods for effective information management.

COMING SOON

MODULE
4

Client Due Diligence

This module explains the requirements for CDD, how it is a part of ‘client risk assessment’ and the necessary links with a ‘know your customer’ approach across the bookkeeping practice. It highlights the role of the MLRO, explains what is required for AML compliance and clarifies commonly found issues.

COMING SOON

MODULE
5

Records and Business Continuity

This module focuses on the records necessary for compliance with AML regulations, archiving, the management of records and data protection issues. It also explores ‘business continuity’ and effective practical arrangements that will need consideration and forward planning.

COMING SOON

MODULE
6

Designing Effective Procedures

This short module provides a ‘toolkit’ approach for bookkeepers to design, review and then improve the systems and methods used for business operations including the procedure necessary for AML compliance.

COMING SOON

MODULE
7

Reporting and Training

This module explores the duty to make anti money laundering reports, understanding the bases for reporting, the function of the National Crime Agency, necessary reporting systems for the bookkeeper or accountant and the role of the MLRO. It also covers regulatory requirements for training amongst bookkeepers, independent accountants and staff.

COMING SOON

MODULE
8

Monitoring and Responsibilities

This module explores the key responsibilities for bookkeepers and independent accountants in relation to AML and their effective management of practice to ensure compliance. It explains the requirement for monitoring AML issues and also the use of external information to reduce AML risks and improve business processes. It promotes a model for learning and continuous improvement to ensure AML compliance and improve business process.

COMING SOON

EARLY BIRD OFFER

All 8 Modules for just £120*

For each module, you’ll receive

The benefits of our IAB Blue AML online course

Investment

If you purchase the Early Bird offer, as soon the other modules are released you will be notified by email with the relevant access details.

Method of Assessment

To successfully complete the AML course, students will have to take an automated multiple-choice exam. This exam will be online, and you will need to score 60% or above in order to pass. After successfully passing the AML course exam, you will automatically receive your CPD certificate via email.

Certification

After successfully passing the AML course exam, you will automatically receive your CPD certificate via email.