What is Anti-Money Laundering?
To understand the topic of Anti-Money Laundering, we first need to comprehend what exactly Money Laundering is. In simple words, it refers to the illegal process of converting black money into white or transforming money earned by shady businesses and crimes into money earned by legal sources.
The purpose of AML is to prevent criminals from funneling their illegal funds into the financial system.
Money Laundering is a massive problem for the world's economy as the liquidity involved in this share of the economy mainly deals with income earned through crimes or money used for funding terrorist activities and Anti-Money Laundering helps us prevent that.
How does Anti-Money Laundering work?
Anti-Money Laundering (AML) is the body of procedures, laws, policies, and other normative principles banks and financial institutions are required to enforce in order to identify, disrupt, and prevent money laundering.
While many financial institutions and banks providing investment services are alerted to any criminal activity, it is far more difficult to track money back to its origins after it has been invested in the markets.
This means that if financial institutions fail to follow anti-money laundering laws and policies, it is easy for trillions of dollars to slip through the financial system and get to the perpetrators.
Top Anti-Money Laundering Certifications List
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Anti-Money Laundering Concepts: AML, KYC, and Compliance
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The Ultimate Guide to Money Laundering and AML Compliance
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AML Essentials: Anti Money Laundering, KYC, and Compliance
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Anti Money Laundering & Countering of Terrorist Financing
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AML Compliance in Practice: Suspicious Activity Reports
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Best Anti-Money Laundering Courses, Certifications & Tutorials
1. Anti-Money Laundering Concepts: AML, KYC, and Compliance
Learn AML as a Beginner.
The course includes:
- What is Money Laundering?
- Process & Impact of Money Laundering
- Terrorist Financing
- Money Laundering versus Terrorist Financing
- Anti-Money Laundering (AML) Policies
- AML KYC Procedures and Customer Due Diligence
- AML Economic Sanctions
- What are Politically Exposed Persons?
This course will start by understanding the term Money Laundering and then you will cover the process & impact of the same. You will learn about terrorist financing and then cover the differences and similarities between money laundering & terrorist financing.
Additionally, this AML course will cover the Anti-Money Laundering policies along with KYC procedures, Economic Sanctions & Politically exposed persons.
Course rating: 4.5 out of 5.0 ( 4,262 Ratings total)
Duration: 1 h
Certificate: Certificate on completion
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2. The Ultimate Guide to Money Laundering and AML Compliance
Learn the Fundamentals of Money Laundering and Gain Practical Insights into Anti Money Laundering Compliance.
The course includes:
- Introduction to this Course
- Understanding Money Laundering
- Money Laundering in Practice
- Hide and seek: Shell Companies, Offshore, and More
- Understanding Terrorist Financing
- Fighting Money Laundering with AML Regulation
- Protect your Organization against Money Laundering Risks and Damages
- Money Laundering Prevention Measures for your Organization
Initially, you will understand the term Money Laundering, its origin, and how it works. This course will exemplify various common and uncommon methods of money laundering cross-industry.
Next, you will learn how to identify different types of companies used for money laundering purposes. You will also learn about the negative consequences of money laundering at large.
Moreover, you will understand the differences between money laundering and terrorist financing and learn why and how AML regulation became a priority on the global political agenda.
Course rating: 4.6 out of 5.0 ( 1,334 Ratings total)
Duration: 4.5 h
Certificate: Certificate on completion
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3. AML Essentials: Anti Money Laundering, KYC, and Compliance
Learn the Basics of Money Laundering, AML, Risk-Based Approach, AML Compliance Programs, KYC, CDD, EDD, PEP, and more!
The course includes:
- Introduction
- Understanding Money Laundering
- Introducing Anti-Money Laundering
- Learning important AML Concepts like Auditing
With this Anti-Money Laundering certification, you will understand the AML concepts like CDD, EDD, KYC, KYCC, KYB, and PEPE. You will also understand the fundamentals involved in money laundering.
Next, you will learn about the three stages of money laundering and exemplify common money laundering schemes. You will understand the relevance of anti-money laundering and learn to be aware of the consequences of non-compliance.
Plus, you will learn how to recognize the risk-based approach and initiate the AML risk assessment. You will also learn to design an effective AML compliance program.
Course rating: 4.5 out of 5.0 ( 638 Ratings total)
Duration: 1 h
Certificate: Certificate on completion
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4. Anti Money Laundering & Countering of Terrorist Financing
Learn Anti Money Laundering & Countering of Terrorist Financing from scratch.
The course includes:
- What is Money Laundering?
- Stages of Money Laundering
- Investing
- Terrorist Funding
- Difference between ML & TF
- KYC & KYCC
- Money Laundering Indicators
You will start off this course by learning about Anti-Money Laundering, its various stages, and how criminal organizations disguise & convert their dirty money into clean money to avoid detection from regulatory bodies.
Next, you will learn about (CFT) Countering Financing of Terrorism, and identify key differences between the flow of (ML) Money Laundering and (TF).
Moving on, you will learn how to identify and write suspicious activity and transaction reports, effectively learn about identifying suspicious activities of customers, and report proactively to assist regulatory bodies.
Plus, you will understand who is a PEP/FPEP (politically Exposed Persons/Foreign Politically Exposed Persons) and when & how to conduct EDD(Enhanced Due Diligence).
Course rating: 4.3 out of 5.0 ( 1,457 Ratings total)
Duration: 31 m
Certificate: Certificate on completion
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5. AML Compliance in Practice: Suspicious Activity Reports
Learn the Fundamentals of SAR Filing in Anti-Money Laundering Compliance/KYC & How to write a stellar SAR Narrative!
The course includes:
- Introduction to Suspicious Activity and SARs
- When and how to file a SAR?
- How to write a stellar SAR narrative
- Post-SAR
With this AML certification, you will understand Suspicious Activity Reports (SARs) in the context of Anti-Money Laundering (AML). You will learn how to identify sources of suspicious activity and related red flags.
Next, you will learn when and how to file a SAR and avoid common pitfalls in SAR filing (e.g., Tipping-Off, Timing, etc.). You will also learn how to write a stellar SAR narrative.
Finally, you will understand what to do after a SAR has been filed.
Course rating: 4.6 out of 5.0 ( 303 Ratings total)
Duration: 1.5 h
Certificate: Certificate on completion
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