Online AML Core Competence Course- 2 Hrs
Course Description: The 2-hour AML Core Competence course offers training on tactical money laundering risk analysis methods, or techniques for how financial services professionals understand and manage the money laundering risks presented by a specific customer’s financial activity or business situation. This course provides an overview of the financial services business context and regulatory environment within which money laundering risks exist, as well as an overview of the primary areas of money laundering vulnerability in the financial services business context.
Course Learning Objectives: The objectives of the course are to help financial services professionals, law enforcement agents and other industry participants understand basic money laundering concepts and how they operate in the financial services business context; recognize the impact of financial services business culture, business risk management practices, and external forces, on a financial institution’s money laundering risk management capabilities; differentiate between the primary money laundering risk categories (customer types, geographies, products / services, and financial services business areas); distinguish primary money laundering risk types from other categories of money laundering-related risk (reputation, sanctions); and analyze customer-specific financial activity and business situations from a money laundering perspective.
Course Format: This course, which consists of three learning units, is taken online and designed to be completed "at your own pace". Once you enroll, you can complete the course at your schedule, from any location, from any computer, day or night.
Learning Methodology: Course learning material consists of a blend of text, visuals, learning activities, hands-on scenarios, and assessments to ensure that learning is engaging and reinforced every step of the way.
Technical Requirements: High-speed Internet connection (DSL or cable modem); recent version of Flash; and a recent version of one of the following browsers: Internet Explorer (Version 7+); Firefox; Chrome; or Safari. This course is i-Pad and mobile device compatible.
Course Completion: You have three months to complete the course. Within five business days of your successful completion of the course, you will receive a Certificate of Completion indicating that you have successfully completed two hours of AML core competence training and have received .2 CEU.
Course Cost: $80
ProCert Training, LLC, is authorized by IACET to offer .2 CEUs for this program