AML Training

AML Training for Regulated Businesses

The Anti Money Laundering Regulations dictate that training staff to understand how the AML rules affect them is mandatory. It is also crucial that they understand the company and the processes the business has implemented to prevent and manage the risk of money laundering.

Providing training is a legal requirement. All staff are required to understand the actions that need to be taken and how they comply with the legalisation both personally and on behalf of the firm.

Regulation & Compliance Office’s AML Training Courses 

RACO provides the necessary training to compliance officers and staff on the following topics:

• The AML Regulations & the key elements
• Money laundering defined
• The effect of regulation on the business
• The effect of regulation on the individual
• The tactics used by criminals to launder money
• How potential AML issues are spotted
• The actions to take when AML issues arise
• The policies & procedures required to comply with the AML regulations
• Overview – Business Policies: how they protect the business and its staff
• How to record & report AML issues
• When & how to report to NCA
• Direct Contact: What to do when approached directly by somebody who the business suspects to be laundering money

At Regulation & Compliance Office, we have designed a variety of courses focused on ensuring that everybody in your business acquires the level of training they need.

• Basic

This is mostly provided to those in the firm who are not fully involved with customers or involved in the wider AML process. This short course provides a basic but thorough understanding of the core issues regarding AML regulation. It is also designed to increase staff awareness of the correct action to take and when and how to protect the company and themselves.

• Intermediate

This course is provided for staff directly engaged in AML and any staff who interact with customers. The course will educate those in the business who need to understand more about how clients are processed and will look closer at the core elements of AML regulation. Upon its completion, your staff will be equipped with the knowledge required to make informed decisions and will know clearly the action that is expected of them.

• Extensive

This course is mostly for staff members in compliance and supervisory positions who are obligated to provide advice and guidance to staff alongside usual engagement in AML processes and customer interaction. These in-depth courses provide extensive examples of issues that can occur, where the risk arises and the subsequent action that needs to be taken. All senior staff will be given the essential direction needed to compliantly implement and support our robust AML strategies.

Regulation & Compliance Office’s Training courses always ensure that everyone in the firm is privy to all the vital information they need. They are also expressly designed to engage all staff at the appropriate level, thus ensuring all staff are educated accordingly.

By balancing our technical knowledge with our compliance experts’ practical experience, our courses deliver all the essential information needed in a time-efficient manner, giving your firm the most cost-effective compliance solutions without forsaking quality.

To enquire about our training services and how Regulation & Compliance Office can work with your business, can call us on 0203 985 8550 or email us at info@regulationandcomplianceoffice.co.uk