This course is intended for all employees who work in the domain of Private Banking & Wealth Management. It is not jurisdiction specific and can be used globally.
There are 4 main objectives of this course:
- You gain an understanding of the AML risks posed by Private Banking & Wealth Management products and services;
- You can identify potential AML red flags on client transactions;
- You have an awareness of AML examples and typographies relevant to Private Banking & Wealth Management;
- You understand the obligations on regulators to perform monitoring and supervision activities.
The course has 4 main modules covering what we call the 4Rs of AML:
1. Risks – which are inherent in your line of business;
2. Red Flags – which your members of staff should be particularly aware of;
3. Real Examples – of money laundering or terrorist financing using products and services similar to yours;
4. Regulatory Inspections – what regulators find when they inspect other firms in your line of business;
There is a 10 question knowledge check at the end of the course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.
90 minutes + 10 minutes of questions.
The user will receive a certificate in pdf format upon successful completion of the course and knowledge check.
Each purchase is for a licence for a single user. The user has access to all the course material for 6 (six) months via our web based elearning platform.