Anti Money Laundering Training for Compliance Officer

Anti-Money Laundering (AML) training for Compliance Officers is essential for ensuring that a firm’s operations adhere to regulatory requirements and effectively combat financial crime. As Compliance Officers serve as the backbone of a company’s internal control and risk management framework, comprehensive AML training equips them with the expertise needed to detect, prevent, and report suspicious activities.

Compliance Officers are responsible for implementing and overseeing AML policies and procedures. Their role includes staying up to date with evolving regulations, monitoring transactions for suspicious activity, managing customer due diligence (CDD), and ensuring the firm adheres to local and international laws, such as:

• The UK’s Money Laundering Regulations 2017 (as amended)

• The Proceeds of Crime Act 2002 (POCA)

• FATF Recommendations

• FCA or other relevant regulatory body requirements

Core Elements of AML Training for Compliance Officers

1. Understanding Money Laundering & Financial Crime

   • Stages of money laundering: placement, layering, and integration

   • Key red flags and typologies

   • Links between money laundering and other financial crimes like fraud or terrorist financing

     
     

2. Regulatory Framework

   • National and international AML laws and obligations

   • Understanding enforcement trends and case studies

   • Penalties for non-compliance

     
     

3. Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)

   • Risk-based approach to onboarding clients

   • Identifying politically exposed persons (PEPs), high-risk jurisdictions, and beneficial ownership

   • Ongoing monitoring requirements

     
     

4. Suspicious Activity Reporting (SARs)

   • Recognizing when to raise internal alerts

   • Procedures for submitting reports to the MLRO and external authorities

   • Maintaining clear records for audit and inspection

     
     

5. Internal Controls & Governance

   • How to build, review, and enforce AML policies

   • Training staff across departments

   • Working effectively with the MLRO, senior management, and auditors

     
     

AML training isn’t a one-time event—it should be part of a continuous professional development (CPD) program. Regulations change, and financial crime techniques evolve, so Compliance Officers must regularly update their knowledge to remain effective.

At Eminent, we offer tailored AML training programs specifically designed for Compliance Officers working in regulated industries. Our training helps ensure your team is competent, confident, and compliant in all aspects of AML oversight and risk management.