Money laundering is the illegal concealment of the source of money earned through criminal activities such as drug trafficking, corruption, embezzlement, or gambling by transforming it into a legitimate source. This free online course teaches you about the potential dangers and motives behind money laundering, as well as the various methods used to mitigate it and verify the identity of customers.

To begin, we will introduce to you the important terminology related to identity crimes like money laundering. You will discover the motives behind such a crime and the potential risks and dangers involved. A technique known as ‘Know Your Customer’ that controls the risk of money laundering will be explained. You will understand the main differences and applications of the Anti-Money Laundering process and Know Your Customer and discover KYC Requirements for UK banks, financial services, and other organisations.

The process of verification is not a one-time event. The importance of ongoing monitoring, updating of customer data and crucial processes like customer due diligence will be outlined. Finally, you will learn about various laws and regulations pertaining to money laundering in the United Kingdom and several methods implied for verifying customer identity. This course is suitable for accounting professionals and others who want to learn about protecting themselves from fraudulent activities. Enrol now!

Alison Certificates

All Alison courses are free to enrol study and complete. To successfully complete this diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this diploma course, you have the option to acquire an official diploma, which is a great way to share your achievement with the world.

Your Alison Diploma is:

• Ideal for sharing with potential employers.
• Great for your CV, professional social media profiles and job applications.
• An indication of your commitment to continuously learn, upskill & achieve high results.
• An incentive for you to continue empowering yourself through lifelong learning.

Alison offers 3 types of Diplomas for completed Diploma courses:

• Digital Diploma: a downloadable Diploma in PDF format immediately available to you when you complete your purchase.
• Diploma: a physical version of your officially branded and security-marked Diploma, posted to you with free shipping.
• Framed Diploma: a physical version of your officially branded and security-marked Diploma in a stylish frame, posted to you with free shipping.

Complete This CPD Accredited Course & Get Your Diploma!

Certify Your Skills

A CPD-accredited Alison Diploma/Certificate certifies the skills you’ve learned.

Stand Out From The Crowd

Add your Alison Certification to your resumé and stay ahead of the competition.

Advance in Your Career

Share your Alison Certification with potential employers to show off your skills and capabilities.