Anti-Money Laundering and Customer Verification Training

Money laundering is the illegal concealment of the source of money earned through criminal activities such as drug trafficking, corruption, embezzlement, or gambling by transforming it into a legitimate source. This free online course teaches you about the potential dangers and motives behind money laundering, as well as the various methods used to mitigate it and verify the identity of customers.

To begin, we will introduce to you the important terminology related to identity crimes like money laundering. You will discover the motives behind such a crime and the potential risks and dangers involved. A technique known as ‘Know Your Customer’ that controls the risk of money laundering will be explained. You will understand the main differences and applications of the Anti-Money Laundering process and Know Your Customer and discover KYC Requirements for UK banks, financial services, and other organisations.

The process of verification is not a one-time event. The importance of ongoing monitoring, updating of customer data and crucial processes like customer due diligence will be outlined. Finally, you will learn about various laws and regulations pertaining to money laundering in the United Kingdom and several methods implied for verifying customer identity. This course is suitable for accounting professionals and others who want to learn about protecting themselves from fraudulent activities. Enrol now!