Anti-Money Laundering

Money Laundering Course Outline

Course Description:

The course is designed to provide legal professionals with the skills and knowledge needed to comply with the AML, CTF & CPF regulations.  Split into 8 separate modules, focusing on key areas, it provides a comprehensive overview of the money laundering risks and regulatory obligations with real life examples and scenarios.    

What You’ll Learn:                                                                     

You will learn the key principles of AML compliance, how to spot red flags in clients and transactions, and how to apply due diligence and risk assessments to safeguard yourself and your firm.

You’ll also learn how to identify and verify the source of funds and wealth, report suspicious activities, and implement effective monitoring and record-keeping practices.  The course aligns with the SRA competencies A1-A5 (Ethics, professionalism, and judgment) and B7 (Technical Legal Practice).

Course Modules:

Each module contains one or more multiple-choice assessments. A pass mark of 80% is required for each assessment.

1. Overview of the AML, CTF, and CPF Regimes -Understanding the regulatory framework and its implications for legal professionals.
2. Recognising Crime, Red Flags, and Warning Signs – Identifying client, money, and transaction red flags with practical examples.
3. Client Due Diligence -Exploring the types of CDD, when it is required, and how to apply it effectively.
4. Client and Matter Risk Assessments – Importance of risk assessments, how to complete them, and their role in compliance.
5. Enhanced Due Diligence – When and how to apply EDD, including dealing with PEPs, high-risk jurisdictions, and anonymity risks.
6. Source of Funds and Wealth Checks – How to identify and verify source of funds and wealth during due diligence.
7. Reporting Suspicious Activity – When to report and how to make effective Suspicious Activity Reports (SARs).
8. Ongoing Monitoring and Record Keeping -Implementing ongoing monitoring procedures and maintaining comprehensive records.