Anti-Money Laundering Compliance Training

The UK’s new Anti Money Laundering and Terrorist Financing Law of July 2007 came into effect on December 15 2007. Under these regulations it is a criminal offence for businesses in the ‘regulated sector’ not to train staff in anti-money laundering procedures.

The ‘regulated’ sector is made up of businesses that provide a service and includes amongst others the financial services industry, estate agents, solicitors, bureaux de change and public or private limited companies.

For senior employees, MustHaveKnowledge has published The Advanced AML & TF Programme and, for all other staff, The Essential AML & TF Programme. Via a series of online study ‘sessions’ each programme provides step-by-step training in AML compliance.

• Understand the background, the legal obligations, the ‘KYC’ Process and the importance of the MLRO.
• Monitor progress through each ‘session’ so that ‘evidence of training’ is audited.
• Access study links and support material to enhance understanding.
• Receive e-mail notifications of what to study and by when.
• Test levels of understanding via a Compliance Test.

 

Click here for a sample bite from the training programme...

 

"I am happy to recommend the MustHaveKnowledge online training method. We have found it to be an effective way of making anti-money laundering training more accessible to our corporate financiers."
Michael Parkinson, Finance Director



"Having moved to online AML training with MustHaveKnowledge for all our professional staff involved with commercial property, we have found the process to be user-friendly, in that it allows people to choose their own training time, as well as ensuring proper AML staff records are maintained for future reference. I have no hesitation in recommending MustHaveKnowledge for AML training."
David Leppard , Partner, Strutt & Parker