Anti Money Laundering Training
Understand how criminals launder money, carry out the customer checks the law requires, spot the red flags and know exactly how to report a suspicion.
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Anti Money Laundering Training
You can do anti money laundering training online in the UK with Lift College's Anti Money Laundering Training course. It is 2 hours of learning in 6 short modules, covering what money laundering and terrorist financing are and the three stages criminals use, the offences in the Proceeds of Crime Act 2002 and the Terrorism Act 2000, what the Money Laundering Regulations 2017 require of regulated businesses, customer due diligence and enhanced checks, the red flags of suspicious activity, and how to report a suspicion to your nominated officer and on to the National Crime Agency. It costs £19.99, pay once, and your CPD certificate issued by Lift College is ready the same day you pass. Lift College recommends a refresh every 12 months, and the refresher is free.
Money laundering is how the proceeds of drug dealing, fraud, people trafficking, tax evasion and corruption are turned into money that looks clean. Criminals need businesses to do it: a bank account, a company formation, a property purchase, a solicitor's client account, a casino, a car dealer willing to take cash. Every member of staff who onboards a customer, takes a payment or handles a transaction is a potential gatekeeper, and the law treats them that way. In the regulated sector, failing to report a suspicion is itself a criminal offence, and the Financial Conduct Authority, HMRC, the Gambling Commission and the professional bodies fine firms whose staff were never trained.
This course covers what the law expects of you and your organisation. You learn how placement, layering and integration work, what the principal offences are and the penalties, who falls within the regulated sector, what a firm-wide risk assessment, policies, a nominated officer and record keeping look like in practice, how to verify a customer and their beneficial owners, when enhanced due diligence applies, the red flags that should make you stop and think, and how to make an internal report and a Suspicious Activity Report without tipping anyone off. It is written for staff and managers in businesses across the UK, whether or not your firm is in the regulated sector.
- Explain what money laundering and terrorist financing are and describe the placement, layering and integration stages
- Identify the principal money laundering offences in the Proceeds of Crime Act 2002 and the penalties for individuals and firms
- Describe who the Money Laundering Regulations 2017 apply to and what they require of a regulated business
- Carry out customer due diligence, including verifying identity and beneficial ownership, and recognise when enhanced due diligence applies
- Recognise the red flags of suspicious activity in customers, transactions and payments
- Apply your organisation's procedure for reporting a suspicion to the nominated officer and understand how a Suspicious Activity Report reaches the National Crime Agency
- Explain the offences of failing to disclose and tipping off and how to avoid committing them
- Describe the records a regulated business must keep and for how long
6 short modules, 2 hours in total.
What money laundering is
The three stages of placement, layering and integration with worked examples, how terrorist financing differs, the crimes behind the money, the harm it does, and why cash businesses, property, company formation and professional services attract launderers.
Knowledge checkThe law and the penalties
The Proceeds of Crime Act 2002 offences of concealing, arranging and acquiring criminal property, failing to disclose and tipping off, the Terrorism Act 2000, the Money Laundering Regulations 2017 and the sentences, fines and supervisory action that follow a breach.
Knowledge checkThe regulated sector and your organisation's controls
Who is in the regulated sector, the supervisors including the FCA, HMRC, the Gambling Commission and the professional bodies, the firm-wide risk assessment, written policies and procedures, the nominated officer, staff training, record keeping for five years and senior management responsibility.
Knowledge checkKnowing your customer
Customer due diligence, verifying identity with documents and electronic checks, identifying beneficial owners, simplified and enhanced due diligence, politically exposed persons, high risk countries, sanctions screening and ongoing monitoring of the relationship.
Knowledge checkRed flags of suspicious activity
Large or structured cash payments, reluctance to provide identification, complex or opaque ownership, transactions that do not fit the customer, third party payments, overpayments and refund requests, unusual urgency, links to high risk jurisdictions and what to do when something does not add up.
Knowledge checkReporting a suspicion
Knowledge, suspicion and reasonable grounds, making an internal report to the nominated officer, Suspicious Activity Reports to the National Crime Agency, requesting a defence against money laundering and the notice period, not tipping off, keeping the customer relationship normal, and recording what you did.
Knowledge checkFinal test and your certificate
Multiple choice, 80% to pass, unlimited attempts. Your CPD certificate is issued by Lift College the day you pass.
This course is for you if
- You work in a bank, building society, payment firm, accountancy or bookkeeping practice, law firm or tax adviser
- You are an estate agent, letting agent, high value dealer, casino worker or art market participant
- You onboard customers, verify identity or approve transactions in any business
- You are a nominated officer, compliance lead, director or manager responsible for staff training
- You need to show your supervisor or professional body a record of annual anti money laundering training
Your CPD certificate, issued the day you pass.
Your certificate records that you completed Anti Money Laundering Training with Lift College. It shows 2 hours of learning, your completion date and a recommended refresh date 12 months on.
- One price, £19.99. One payment, one learner, no subscription.
- Short modules with a knowledge check after each one and a final test. Instant results.
- 80% to pass, with unlimited free retakes.
- A CPD certificate issued by Lift College as a PDF the same day you pass, with a unique number and a verification link.
- Access for as long as Lift College offers the course, and never less than 3 years from the day you buy.
- A free refresher when your recommended refresh date arrives. Changed your mind? Ask within 14 days of paying and we refund you in full.
CPD certificate
liftcollege.co.uk/verify/LC-CPD-000000The law this course supports
Proceeds of Crime Act 2002
Applies across the UK. Part 7 creates the principal money laundering offences of concealing, arranging and acquiring, using or possessing criminal property, which anyone can commit, and the offences of failing to disclose a suspicion and tipping off, which apply to people working in the regulated sector. The principal offences carry up to 14 years in prison.
Read the legislation →Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
Apply across the UK to the regulated sector: credit and financial institutions, auditors, accountants, tax advisers, legal professionals, trust or company service providers, estate and letting agents, high value dealers, casinos, art market participants and cryptoasset businesses. They require a written risk assessment, policies and controls, a nominated officer, customer due diligence, record keeping and regular staff training on the law and how to recognise and deal with suspicious transactions.
Read the legislation →Terrorism Act 2000
Applies across the UK. It makes it an offence to raise, use, possess or arrange funds for the purposes of terrorism, or to launder terrorist property, and places a duty on people in business and the regulated sector to disclose a belief or suspicion that someone has committed a terrorist financing offence.
Read the legislation →National Crime Agency guidance on Suspicious Activity Reports
The National Crime Agency runs the UK Financial Intelligence Unit, which receives Suspicious Activity Reports from the regulated sector and other businesses. Its guidance explains how to submit a report, how to request a defence against money laundering before carrying out a transaction and what happens after you report.
Read the legislation →£19.99. Pay once, nothing added.
One payment for one learner. You keep access for as long as Lift College offers the course, and never less than 3 years. Changed your mind? Ask within 14 days and we refund you in full.
- PaySecure card payment, one time only.
- Sign inYour learner account is ready straight away.
- StartBegin module 1 the same minute.
Free refresher when it is due
We recommend a refresh every 12 months. We email you 30 days before, and from the refresh date you can retake the latest version free and download a new certificate.
Buying Anti Money Laundering Training for a team?
Open a free organisation account, buy places and give each person their own login. Your first place is free with a work email, and the price falls the more places you buy.
Multiple enrolment discounts
The price of a place is set by the places in one order, on this course or any mix of our CPD courses. Saving against the £19.99 single place.
| Places in one order | Price a place | Saving |
|---|---|---|
| Your first place | £0 | Free with a work email |
| 1 to 9 places | £16.99 | 15% off |
| 10 to 49 | £14.99 | 25% off |
| 50 to 99 | £12.99 | 35% off |
| 100 to 249 | £10.99 | 45% off |
| 250 or more | £9.99 | 50% off |
What would your team cost?
Training each person on several courses? A sector pack or the annual plan can cost less. Your quote compares all three for you.
Prefer to talk first? Request a call back
- 1
Your own training portal in 2 minutes
Open a free account with your work email. No sales call, and your first place is free.
- 2
See where everyone stands
A progress dashboard, a training matrix and an Excel progress report for your records.
- 3
Reminders sent for you
Welcome emails, nudges for anyone who stalls, and refresher dates so nobody goes out of date.
- 4
Pay by card or invoice
Card, or invoice on 30-day terms with your PO. Places stay valid for 3 years.
- 5
A human tutor with every course
Real tutor support for your staff, unlimited free retakes and a certificate the day they pass.
- 6
CPD Standards Office accreditation in progress
Provider 51289.
What our learners say
Stories from Lift College learners on our qualifications, in their own words.
“I had been a care assistant for four years without a formal qualification. Lift College made the whole process straightforward, my assessor visited regularly and I completed my Level 3 Diploma in Adult Care in just over a year. I was promoted to senior care worker the month after I qualified.”
“My employer was clear, I needed GCSE English to move into a supervisory role. Lift College helped me find the right exam board and an exam centre five minutes from home. Passed grade 4. Got the promotion.”
“My employer needed me to have Level 2 maths before they could register me on the Level 3 apprenticeship programme. Lift College was fast, the tutor was brilliant, and I resit my maths once after a near-miss and passed the second time. The whole thing took twelve weeks.”
Questions about Anti Money Laundering Training
Is online anti money laundering training valid?
Yes. The Money Laundering Regulations 2017 require regulated businesses to make relevant employees aware of the law and give them regular training in recognising and dealing with suspicious transactions. They do not say the training must be face to face. Your firm's nominated officer or compliance lead decides what training each role needs and keeps the record of it; this course gives you the knowledge and a certificate for that record.
Who needs anti money laundering training?
Anyone working in the regulated sector whose work touches customers or transactions: banking and payments, accountancy and bookkeeping, tax, legal services, trust and company services, estate and letting agency, high value dealing, casinos, art and cryptoasset businesses. Outside the regulated sector it is still good practice for anyone who takes payments or onboards customers, because the principal offences in the Proceeds of Crime Act 2002 apply to everyone.
How often should anti money laundering training be done?
The 2017 Regulations say training must be regular and records kept, but do not fix an interval. Most supervisors and professional bodies expect it at induction and at least every year, and firms are asked to show the dates. Lift College recommends refreshing every 12 months, and the refresher is free.
What does this course not cover?
It does not write your firm-wide risk assessment or policies for you, and it does not cover the specific guidance of each supervisor or professional body in depth. It gives staff and managers the knowledge the law expects. Your nominated officer remains responsible for the firm's controls and for deciding whether to send a Suspicious Activity Report.
How do I report a suspicion of money laundering?
Tell your nominated officer or money laundering reporting officer straight away, following your firm's procedure, and record what you saw and when. Do not tell the customer or anyone outside the firm, because tipping off is an offence. The nominated officer decides whether to send a Suspicious Activity Report to the National Crime Agency and, if a transaction is pending, whether to request a defence against money laundering first. If your business has no nominated officer, a report can be made to the National Crime Agency directly.
How long do I keep access?
You keep your access for as long as Lift College offers the course, and never less than 3 years from the day you buy. Your certificate PDF is yours to keep.
What is the free refresher?
Lift College recommends refreshing this course every 12 months. When your date comes round, you can retake the latest version free and get a new certificate. We email you 30 days before.
Does it count towards my CPD?
Yes. The course is 2 hours of learning, shown on your CPD certificate issued by Lift College, so you can log the hours in your CPD record.
Can I get my money back?
Yes. Ask within 14 days of paying and we refund you in full.
Can my employer pay?
Yes. Your receipt shows the course, the date and the amount paid, and you can pass it to your employer. Buying for a team? Open a free organisation account: every course is £16.99, and you can pay by card or invoice with your PO.
Can my team do this course in another language?
Yes, on an organisation account with 10 or more places. Your team can study Anti Money Laundering Training in Polish, Romanian, Punjabi, Urdu or Welsh, prepared within 1 working day of your order. The final test and the certificate stay in the English course name, so the certificate is the one every employer recognises. Tell us the languages you need when you order or ask for a quote.
Where can I do anti money laundering training online in the UK?
Lift College offers Anti Money Laundering Training online for £19.99, pay once. It is 2 hours of learning in 6 short modules, written for businesses across England, Wales, Scotland and Northern Ireland, where the Proceeds of Crime Act 2002 and the 2017 Regulations apply. Your CPD certificate issued by Lift College is ready the same day you pass.
How long does online anti money laundering training take?
Anti Money Laundering Training is 2 hours of learning in 6 short modules, each with a knowledge check. You can finish it in one sitting or across several and pick up where you left off on any device. The final test needs 80% to pass, with unlimited free retakes.
How much does Anti Money Laundering Training cost online?
Lift College's Anti Money Laundering Training is £19.99, pay once, with no subscription. Training a team? It is £16.99 a course on a free organisation account.
How is Anti Money Laundering Training assessed?
By a short knowledge check after each of the 6 modules and a final test. You need 80% to pass, with unlimited free retakes, and your CPD certificate issued by Lift College is ready the same day you pass.
Can I start Anti Money Laundering Training today?
Yes. You start the moment you pay, on any device, and you can finish the 2 hours of learning in one sitting or across several. Your CPD certificate issued by Lift College is ready the same day you pass. Buying for a team? Open a free organisation account.
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