Diploma in Anti Money Laundering (AML) KYC and Compliance

Explore principles of know your customer (KYC) and its link to anti-money laundering, learn to verify individuals and companies, spot red flags, and apply simplified due diligence under UK regulations.

Verify customer identities with KYC and monitor transactions with AML to detect and prevent money laundering. Integrate KYC and AML into a seamless compliance framework.

Verify customer identities and addresses, conduct corporate verification, monitor accounts, and report suspicious activity to the NCA under UK KYC and MLR 2007, aligned with EU directives and UK GDPR.

Verifying individual customers is the frontline of financial crime prevention, combining the customer identification program, due diligence, and ongoing monitoring to build accurate profiles. Use eKYC and mobile KYC.

Verify company identities through KYC due diligence, collecting core data, verifying documents, using electronic identity verification, screening against sanctions, and ongoing monitoring to prevent money laundering and regulatory breaches.

Apply simplified due diligence (SDD) to low-risk customers after a structured risk assessment, streamlining verification while maintaining ongoing monitoring and readiness to upgrade if risk changes.

Identify PEPs and close associates, applying enhanced due diligence under UK regulations. Assess domestic vs non-domestic risk, obtain senior management approval, verify wealth sources, and maintain 12-month post-leave monitoring.

Identify red flags in customer identification to spot AML risks early, including suspicious sources of funds, unusual transactions, adverse media, and PEPs, applying FATF categories to guide due diligence.

The fifth money laundering directive expands aml scope to crypto platforms, custodian wallets, art market participants, and letting agents, with enhanced due diligence, public ownership registers, and stronger enforcement.

Identify key KYC essentials and AML risks, flagging opaque funds, offshore entities, and unusual cash or crypto patterns for enhanced due diligence.

Explore customer due diligence in practice, applying enhanced due diligence for high risk clients, ongoing monitoring, accurate records, beneficial ownership, and a risk-based approach to detect red flags.

Learn how customer due diligence protects the financial system by identifying and verifying customers, uncovering beneficial ownership, assessing risk, and applying ongoing monitoring with a risk-based approach.

Enhance due diligence for high-risk clients and transactions through a risk-based approach, with deeper identity verification, source-of-funds analysis, and ongoing monitoring under the UK AML framework to prevent financial crime.

Implement ongoing monitoring under aml and kyc to continuously review customer data, detect unusual activity, update records, and adjust risk profiles via risk assessments and transaction monitoring for compliance.

Detect suspicious transactions early by strengthening onboarding identity verification and risk profiling. Leverage real-time monitoring, sanctions and Pep screening, and risk reassessment to prevent financial crime and ensure AML compliance.

Identify and verify the beneficial owner—the person who ultimately controls a customer, often above 25% ownership, to enhance AML and CFT transparency and regulatory compliance.

Apply a risk-based approach to anti-money laundering and countering the financing of terrorism, tailoring your due diligence procedures to each customer's risk level, balancing scrutiny with efficiency.

Advance your AML expertise by ensuring robust customer due diligence, applying enhanced due diligence for high-risk clients, and maintaining ongoing monitoring to prevent fines and reputational damage.

Apply customer due diligence, the AML cornerstone, by verifying identities, understanding the business, collecting proof of identity and address, and monitoring ongoing activity with enhanced due diligence for high-risk customers.

Explore the money laundering reporting officer’s role and responsibilities, and learn to build an effective AML program, file SARS, avoid tipping off, and train staff under UK regulations.

Explore the MLRO's responsibilities under UK AML laws to defend against money laundering and terrorist financing, including policy development, risk assessment, transaction monitoring, KYC, and suspicious activity reporting to NCA.

Appoint a qualified MLRO and implement a risk-based AML framework with CDD, transaction monitoring, and SARs aligned to the Proceeds of Crime Act 2002 and Money Laundering Regulations 2017.

Establish a strong internal reporting framework to empower staff to report suspicious activity confidentially, with rigorous investigations and timely SAR submissions to the NCA.

Learn to file high quality SARS correctly through the NCA portal, meeting UK duties under the Proceeds of Crime Act 2002 and the Terrorism Act 2000. Implement clear internal procedures, ensure accuracy, and maintain confidentiality.

Avoid tipping off in AML and SAR handling by following internal procedures, maintaining discretion, and documenting decisions; use standard language to delay transactions and seek advice when unsure.

Train staff on AML and KYC requirements to build a culture of compliance through role-based, regular refreshers, red flag recognition, and proper reporting and record-keeping.

Collaborate with law enforcement and regulators like the NCA and FCA, file suspicious activity reports under POCA 2002, maintain clear records, and apply enhanced due diligence for high-risk clients.

Foster communication with law enforcement and regulators, keep AML CFT policies up to date, report SARS discreetly, consult compliance team, and deliver AML and KYC training with enhanced due diligence.