AML Investigator

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.