40 minutes · free · certificate valid 1 year

Financial Crime & AML Basics

Understand what money laundering actually looks like, how customer due diligence works, the red flags worth knowing, and what you're required to do if you suspect something's wrong. Finish the final assessment with a score of 75% or higher to earn a certificate, valid for one year.

Done this course before, or already know the material? You can go straight to the final assessment and renew your certificate without re-reading the lessons.

Who it's for: Staff at UK regulated firms and other businesses who need a working understanding of money laundering, customer due diligence, and their reporting duties.

What you'll learn

• Explain what money laundering is and how placement, layering, and integration work.
• Describe when standard and enhanced customer due diligence apply, including for PEPs.
• Spot the transaction and behaviour red flags that justify a closer look.
• Apply the correct internal reporting route, raising suspicions with the MLRO without tipping off.
• State the legal consequences under UK law of failing to report or of tipping off a customer.

What you'll cover

1. 1

   What financial crime and money laundering are

   The umbrella term, the definition of money laundering, and its three stages.

2. 2

   Customer due diligence and KYC

   Verifying who you're dealing with, and when extra scrutiny is needed.

3. 3

   Recognising red flags

   Patterns in transactions and behaviour worth a closer look.

4. 4

   Reporting obligations

   What to do if you suspect something, and what the law requires.

5. 5

   Putting it into practice

   Short workplace scenarios that test how you would apply this course in real situations.

6. 6

   Final assessment

   20 questions drawn at random from the full question bank. Score 75% or higher to earn your certificate.