Money Laundering Certification Course

Top 10 Best + Free Anti Money Laundering Certification

If you operate with a banking firm or an insurance corporation, you might be acquainted with money laundering fraud, which is a fraudulent enterprise that conceals the true sources and possession of illicit funds. Such frauds may occur in any financial institution or insurance provider. As a result, finance practitioners with experience in anti-money laundering procedures are in demand. We will also assist you if you choose to learn about anti-money laundering procedures. We have compiled a compilation of some of the Best Anti-Money Laundering Courses and Certification Programs accessible online for 2021, based on our extensive analysis. It includes both courses that include valuable information on money laundering. You would have a good knowledge of anti-money laundering tactics by completing these services.

List of Free Anti Money Laundering Certification

1. FinTech Security and Regulation(RegTech) (Coursera)

This course “FinTech Security and Regulation (RegTech)” can help you better grasp RegTech and become more knowledgeable and articulate in your ability to interpret and provide suggestions to executives in the financial sector on how to react to these developments, such as regulations for cryptocurrencies such as BitCoin and Initial Coin Offerings (ICOs) (ICO). It includes the insights of many professors from Asia’s leading business schools, as well as industry experts.

You will hear how FinTech and RegTech change and improve the finance sector, including problems in data protection and security through digital forensics, risk management, and corporate governance in the financial industry in terms of Know Your Customer (KYC) and Anti Money Laundering (AML), and how policymakers in various countries take FinTech and RegTech initiatives.

What you will learn – 

  • Introduction to FinTech Security & Regulation
  • Risk Management & Government Control
  • Fraud, Crimes, & Security
  • Global Trends and Government Initiatives in RegTech
  • Peer-graded Final Project

Skills – 

  • Anti-Money Laundering 
  • FinTech
  • Regulations

Pre-requirements –

No prerequisites are needed.

Who can take this course – 

  • If you want to learn FinTech Security and Regulation, you should take this course.
  • This course is great for beginners because it starts with the basics and steadily builds up the skills.

Duration – 15 hours

Rating – 4.6 out of 5

2. Anti-Money Laundering (AML) Fundamentals (Udemy)

This Anti-Money Laundering Fundamentals course is intended to provide applicants with a clear understanding of topics such as money laundering techniques and threats, which are critical for those seeking to begin a career or advance their expertise in the AML and enforcement area.

It is divided into three sections: Money Laundering Methods, Money Laundering Risks, and Global AML and Terrorist Financing Regulations (CFT). There is a questionnaire at the end of and module to assess the understanding of the topics discussed.

This course also lays the groundwork for pursuing the coveted CAMS qualification, which is widely regarded by financial firms and regulators around the world as the gold standard of anti-money laundering certifications.

What you will learn – 

  • Basic concepts needed in the AML and compliance field
  • Methods of Money Laundering
  • Risks of Money Laundering and its impact on the global economy
  • Business sectors and high-risk bank products and services vulnerable to money laundering
  • Global regulations on AML and combating terrorist financing (CFT)

Skills – 

  • AML
  • Combating Terrorist Financing 
  • Global regulations

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • College/university graduates who aspire to work as AML analysts in a bank’s AML Compliance department
  • Banking professionals who currently work in areas other than AML and compliance and seek to take up a role in those departments
  • AML staff who wish to advance their knowledge on AML fundamentals and relevant global laws and regulations

Duration – 1.5 hours

Rating – 3.8 out of 5

3. Roles of Money Laundering Reporting Officer MLRO (AML CFT) (Udemy)

Money laundering (ML) and terrorist financing (TF) prevention is a problem for the global financial system and financial institutions, such as banks and DNFBPs.

Financial firms spend millions of dollars to keep their anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks up to date. This is attributed to the fact that numerous banks have been penalized in the past for insufficient consumer due diligence CD and AML CFT supervision, causing offenders to conceal and move their illicit funds into the banking sector.

The Money Laundering Reporting Officer (MLRO) is a key player in the fight against money laundering and terrorist funding. International organizations such as the Financial Action Task Force (FATF) and AML/CFT Regulations have released guidelines and legal standards for AML/CFT Customer Due Diligence (CDD) and Monitoring, which MLRO and a team ensure to enforce in a company.

What you will learn – 

  • AML CFT Monitoring
  • Money Laundering and Anti Money Laundering Measures
  • FATF Recommendations for Monitoring
  • Role of Money Laundering Reporting Officer – MLRO in Financial Institutions
  • High-Risk Areas and Monitoring
  • Examples and Scenarios of Monitoring
  • Reporting – CTRs, STRs, and other Reporting Requirements, etc.

Skills – 

  • Anti Money Laundering 
  • Record Keeping 
  • CFT Monitoring

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Compliance professionals
  • AML CFT Professionals and Analysts
  • Bankers, Investment Banker, Brokerage Houses, Real Estate Agents, Insurance Professionals, Auditors
  • Compliance and AML CFT Students
  • Compliance Risk Professionals
  • Internal Auditors
  • Others who want to learn AML CFT Monitoring and Roles of MLRO

Duration – 1.5 hours

Rating – 5.0 out of 5

4. Anti-Money Laundering Concepts: AML, KYC and Compliance (Udemy)

Anti-Money Laundering (AML) is a course that teaches you about two of the most pressing challenges that financial companies face today: money laundering and terrorist financing. Money Laundering and Terrorist Financing Regulations, Economic Sanctions, and Politically Exposed Persons are all topics included in this course. This is a structured course that covers many of the necessary topics for teaching an organization’s workers.

The course will begin with an introduction to the word “money laundering,” followed by a discussion of the mechanism and its consequences. Following that, we’ll hear about terrorism finance and also compare and contrast money laundering and terrorist financing. The Anti-Money Laundering laws, as well as KYC practices, Economic Sanctions, and Politically Compromised Individuals, will be covered in the following lectures.

What you will learn – 

  • What is Money Laundering?
  • Process & Impact of Money Laundering
  • Terrorist Financing
  • Money Laundering versus Terrorist Financing
  • Anti-Money Laundering (AML) Policies
  • AML KYC Procedures
  • AML Economic Sanctions
  • What are Politically Exposed Persons?

Skills – 

  • Money Laundering 
  • AML KYC Procedures

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • If you want to learn Anti-Money Laundering Concepts, you should take this course.
  • Working professionals who are looking to understand the Anti-Money Laundering (AML) policies

Duration – 1hour

Rating – 4.5 out of 5

5. AML Compliance: Anti Money Laundering (AML) Online Course (Udemy)

Take this Anti Money Laundering (AML) Online Course to learn how to stick out from the crowd and demonstrate your true talent to employers and clients.

If you want to learn about AML with us, you can acquire the trust, experience, and skills necessary to take your career to new heights. There are several places to learn about Anti Money Laundering (AML) Online Course online, however, you should be assured that you will be learning from specialists and utilizing content compiled by industry leaders with a passion for teaching when you choose us.

After completing this tutorial, you would be able to apply for AML in your office or at home immediately. You will even get a nationally recognized degree that you can use to land that dream job or even launch your own company. Establish your trust in your AML skills and use them to build your online and offline profile.

What you will learn – 

  • Develop the skills to identify suspicious conduct and transactions
  • Have an excellent understanding of the role of the Money Laundering Reporting Officer
  • Know how to assess risk and report cases of money laundering
  • Know how you can manage regulatory expectations proactively
  • Gain in-depth knowledge of risk-based approach for the banking sector
  • Learn best practices for record-keeping and risk management
  • Understand the fundamental principles of the Proceeds of Crime Act 2002

Skills – 

  • Anti Money Laundering 
  • Crime Act 2002

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Aspiring professionals looking for a formal qualification to kick start their career
  • Financial Crime Analysts and Compliance Officers
  • Business Owners, Bankers, AML Analysts
  • Anyone who works in an organization that processes large amounts of money
  • Anyone who wants to learn more about AML best practices and strategies

Duration – 1.5 hours

Rating – 4.0 out of 5

6. The Ultimate Guide to Money Laundering and AML Compliance (Udemy)

This is the Ultimate Guide to Anti-Money Laundering and Anti-Money Laundering Enforcement.

This course would teach you the fundamentals and history of anti-money laundering and anti-money laundering enforcement. A variety of relevant Money Laundering and Anti-Money Laundering topics would be covered on the learning journey.

What you will learn – 

  • Explain the term money laundering, its origin and how money laundering works
  • Exemplify various common and uncommon methods of money laundering cross-industry
  • Identify different types of companies used for money laundering purposes
  • Discuss the negative consequences of money laundering at large
  • Understand the differences between money laundering and terrorist financing
  • Explain why and how AML regulation became a priority on the global political agenda
  • Identify relevant international standard-setters in the field of anti-money laundering
  • Demonstrate an understanding of AML regulation in the EU and US
  • Understand and specify the risks and threats money laundering poses on organizations
  • Build an effective AML Compliance Program to better protect their organizations
  • Understand additional relevant terms and concepts that are commonly used in practice in AML

Skills – 

  • AML 
  • Money Laundering 

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Professionals wanting to acquire and demonstrate specialized knowledge in AML and Compliance
  • Professionals wanting to increase their value through a better understanding of AML and Compliance
  • Career starters and students wanting to build a comprehensive AML and Compliance knowledge
  • Anyone genuinely interested in money laundering, AML, and Compliance

Duration – 4.5 hours

Rating – 4.5 out of 5

7. AML Essentials: Anti Money Laundering, KYC and Compliance (Udemy)

Welcome to AML Essentials: Anti Money Laundering, KYC, and Enforcement, where you can read more about anti-money laundering and AML compliance basics. Several main Money Laundering and Anti-Money Laundering topics will be covered throughout your learning journey, including:

  • What is the concept of money laundering? What are Predicate Offenses, exactly?
  • In practice, how does money laundering work? What are Money Laundering’s Three Stages?
  • What is the concept of anti-money laundering? What are the ramifications of non-compliance?
  • What is the RBA (Risk-Based Approach)? What is an Anti-Money Laundering Risk Assessment (AML Risk Assessment)?
  • What are the requirements for a successful anti-money laundering compliance program?
  • What is the difference between the terms Know Your Customer (KYC) and Customer Due Diligence (CDD)?
  • What is the difference between Enhanced due Diligence (EDD) and Politically Exposed Persons (PEPs)?

What you will learn – 

  • Explain the term money laundering
  • Comprehend the three stages of money laundering
  • Exemplify common money laundering schemes
  • Understand the relevance of anti-money laundering
  • Be aware of the consequences for non-compliance
  • Recognize the risk-based approach
  • Initiate the AML risk assessment
  • Design an effective AML compliance program
  • Understand the AML Concepts: CDD, EDD, KYC, KYCC, KYB, and PEP

Skills – 

  • AML 
  • CDD
  • EDD
  • KYC 

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Professionals wanting to acquire and demonstrate specialized knowledge in AML and Compliance
  • Professionals wanting to increase their value through a better understanding of AML and Compliance
  • Career starters and students wanting to build a comprehensive AML and Compliance knowledge

Duration – 1 hour

Rating – 4.4 out of 5

8. Anti Money Laundering (AML / CFT) Compliance Requirements (Udemy)

The World Financial System faces a problem in preventing money laundering and terrorist financing. Banks and other financial institutions expend millions of dollars to maintain anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks. The Financial Action Task Force (FATF) has released guidelines for its member countries to strengthen their anti-money laundering and counter-terrorist financing regulations and mechanisms.

What you will learn – 

  • Anti Money Laundering AML and Countering Financing of Terrorism CFT Regime
  • AML and CFT Compliance Requirements
  • Risk-Based Approach RBA towards AML / CFT
  • High-Risk Factors, Customers, Regions, Countries, and Scenarios
  • Customer Due Diligence Measures – SDD and EDD
  • PEPs. Correspondent Banking, Wire Transfers, New Practices, Technologies, etc. 

Skills – 

  • Anti-Money laundering 
  • Countering Financing of Terrorism 
  • FATF

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Compliance professionals
  • Regulatory Compliance Professionals,
  • AML / CFT Specialists
  • AML / CFT Consultants
  • Internal Auditors
  • Bankers – Branch Managers, Operations Managers
  • Investment Bankers
  • Brokers, Leasing Companies Professionals, Insurance Professionals
  • Accountants and Advisors
  • Compliance Students – CAMS and other Regulatory and AML CFT Compliance Certifications

Duration – 1.5 hours

Rating – 3.9 out of 5

9. Implementation of Anti Money Laundering AML Framework (Udemy)

This course will teach you how to apply the anti-money laundering (AML) steps outlined in the AML/CFT Guidelines and Framework published by financial institution regulators. To tackle money laundering threats and practices, financial firms such as banks, investment banks, leasing agencies, brokerage houses, money exchange companies, and investment companies enact and enforce anti-money laundering (AML) policies.

Task Force on Financial Action the FATF recommends that AML/KYC measures be implemented at the regulatory and institutional levels. As a result, every financial entity in the world has adopted the AML Framework to prevent terrorists and money launderers from using the scheme.

Money Laundering, Anti Money Laundering, Money Laundering ML Exposed Organizations, and other relevant concepts relating to AML – Compliance would be included. Customer Due Diligence CDD measures (New Clients, Existing Customers), Types and Categories of Customers Know The Customers KYC, Beneficial Owners Identification, Verification, High-Risk ML Factors, Low-Risk ML Factors, Thresholds, Scenarios, Employee Due Diligence, Suspicious Transactions, AML team, ML Risk Assessment, and Transaction Monitoring, Documentation, and so on.

What you will learn – 

  • You will learn the Anti Money Laundering AML Guidelines and Framework requirements that are implemented in financial institutions such as banks, investment banks, investment companies, etc.
  • You will learn how the Money Laundering ML risks and activities are avoided and managed by financial institutions.
  • You will learn about the Hierarchy of FI to combat the Money Laundering ML risks, Due Diligence measures (Types, Categories with examples), Money Laundering Risk Assessment, Risk Classification Factors (with examples), Suspicious Transactions, Documentation, Reporting, etc.
  • Practical examples are discussed for your better understanding of the AML subject. Tests for students are also prepared for your knowledge and learning check.
  • You will be able to confidently talk and discuss AML subjects with AML, Compliance, Risk Management, or other professionals.

Skills – 

  • Anti Money Laundering 
  • Risk Management 
  • Transaction Monitoring

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • If you want to learn Anti Money Laundering, you should take this course.
  • This course is great for beginners because it starts with the basics and steadily builds up the skills.

Duration – 1.5 hours

Rating – 4.2 out of 5

10. Trade Based Anti Money Laundering AML Framework (Udemy)

Money Laundering is a term that refers to the act of ML as one of the most serious risks to financial firms and businesses around the globe. Organizations spend millions of dollars per year to manage their ML threats. To oversee the regulatory culture, AML experts are employed on very high packages all around the planet.

The following facets of anti-money laundering AML and trade-based money laundering TBML will be covered in this course:

  • ML is for money smuggling.
  • Money laundering is done for a variety of reasons.
  • Institutional threats at their heart
  • TBAML (Trade-Related Anti-Money Laundering) Concepts and Structure Transactions in TBML with examples
  • System for risk control of trade-based money laundering Roles and duties of the TBML Board of Directors and Senior Management
  • Requirements for front-end workers in terms of TBML and AML
  • Policies and protocols for dealing with TBML.
  • Steps for risk profiling and monitoring of customers
  • TBML-related EDD controls Reporting TBML irregular transactions
  • Database standards, etc.

What you will learn – 

  • Trade Based Anti Money Laundering AML Principles and Framework for Banks and FIs
  • Anti Money Laundering AML requirements for Financial Institutions FIs to deal with trade-based money laundering activities of criminals
  • Trade Transactions, Trade-Based ML, Customer Risk Profiling, Due Diligence, EDD, STRs based on TMS, etc.

Skills – 

  • Anti-Money Laundering 
  • Customer Risk Profiling 
  • Trade Transactions

Pre-requirements – No prerequisites are needed.

Who can take this course – 

  • Compliance professionals
  • Anti money laundering AML specialists
  • Risk management professionals
  • Compliance risk management professionals
  • Internal auditors
  • Operations managers or account opening officers
  • Trade finance managers/heads
  • Students of CAMS and Risk Management

Duration – 40 minutes

Rating – 3.9 out of 5

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