This module will provide your team with the knowledge they need to ensure compliance with Money Laundering Regulations and the Proceeds of Crime Act.

It is a legal requirement for all relevant employees to receive Anti-Money Laundering training so they can understand and implement the correct procedures in line with the latest legislation. This makes this course essential if you are dealing with property sales and therefore required to know about your responsibilities in respect of financial crime.

Aims Of The Training

By the end of this course, you will understand:

  • The process of money laundering and defines the associated key term.

  • The offences under the key legislation: Proceeds of Crime Act, Terrorism Act and Money Laundering Regulations

  • How to spot the risks and indicators in business

  • ‘Know your customer’ describing the different levels of due diligence including identification and verification

  • When levels of risk mean enhanced due diligence is necessary

  • What constitutes suspicious activity and list specific criteria

  • The reporting of suspicious activity