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Anti-Money Laundering: AML, KYC, CDD & EDD Compliance
Rating: 4.5 out of 5(486 ratings)
1,272 students

Anti-Money Laundering: AML, KYC, CDD & EDD Compliance

Understand AML, KYC, CDD, STRs, and compliance frameworks through practical scenarios, red flags, and real case studies.
Created byMayfair Real Estate Institute
Last updated 6/2025
English
English [Auto],

What you'll learn

  • Explain the purpose and principles of Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
  • Identify the three stages of money laundering and recognize common laundering techniques.
  • Apply Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures in practical scenarios.
  • Detect suspicious activity using real-world red flags and transaction patterns.
  • Understand how to file Suspicious Transaction Reports (STRs) and meet compliance requirements.
  • Analyze high-profile AML case studies to evaluate risk, failure points, and best practices.

Course content

5 sections • 21 lectures • 1h 54m total length

  • What Is Money Laundering?7:31

    Explore how money laundering conceals illicit proceeds from drug trafficking, fraud, corruption, and organized crime, and learn how AML frameworks detect red flags to protect financial systems.

  • The Three Stages of Money Laundering6:01

    Explore the three stages of money laundering—placement, layering, and integration—and learn how criminals introduce, disguise, and reintegrate funds to evade detection.

  • Real-World Money Laundering Examples5:31

    Explore real-world money laundering failures, from HSBC's 2012 AML controls breakdown and $1.9 billion fine to crypto mixers that blur blockchain traces, highlighting evolving AML, KYC, CDD and EDD.

  • Common Methods Used in Laundering Money Part 16:20

    Identify common money laundering methods, including structuring to bypass reporting thresholds, shell companies, real estate purchases, and gambling schemes, with red flags for AML monitoring.

  • Common Methods Used in Laundering Money Part 24:12

    Examine how trade-based laundering disguises illicit funds through overinvoicing and underinvoicing, manipulating shipments and customs thresholds, and how cash-intensive businesses create paper trails that regulators flag.

  • Consequences of Money Laundering4:27

    Money laundering carries serious legal penalties, including fines, asset seizures, and long prison terms, leaving a permanent record that harms employment, travel, and reputation, and damages institutions and markets.

  • Why Financial Institutions Are Targeted4:17

    Financial institutions enable money laundering by offering essential services like account access and cross-border transfers, while criminals layer transactions through complex trails to conceal illicit funds.

  • Understanding Money Laundering
  • AML Compliance Toolkit0:33

Requirements

  • No prior experience required. This course is beginner-friendly and perfect for anyone interested in compliance, finance, or risk management.

Description

Whether you're looking to start a career in compliance, enhance your role in banking or finance, or simply want to understand how global institutions combat illicit financial activity, this course provides the knowledge and practical tools to get you there.

We begin by breaking down the foundation of money laundering: what it is, how it works, and why it's such a serious global threat to economic integrity. You’ll explore the full money laundering cycle, including placement, layering, and integration — explained in simple language.


From there, we dive into the frameworks that protect against it:


  • Know Your Customer (KYC) procedures

  • Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

  • Handling Politically Exposed Persons (PEPs)

  • Recognizing red flags and suspicious behavior

  • Filing Suspicious Transaction Reports (STRs) correctly

  • Understanding FATF recommendations, sanctions, and global enforcement efforts


You'll also analyze real-world failures in compliance from major institutions like HSBC and Danske Bank — learning exactly what went wrong and how it could have been prevented.


This course includes:

  • Expert-level instruction explained in simple, digestible language

  • Downloadable resources, templates, checklists, and visual guides

  • Scenario-based practice to apply what you've learned

  • Final videos covering enforcement actions and compliance careers

  • No experience needed — just curiosity and attention to detail


By the end of this course, you'll not only understand how financial institutions identify and manage compliance risk — you'll be prepared to contribute meaningfully to the fight against money laundering in your future career.

Who this course is for:

  • This course is ideal for aspiring compliance officers, finance professionals, AML analysts, auditors, and anyone looking to understand how to prevent financial crime in regulated environments.

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