The QualCert Level 2 Award in Anti-Money Laundering Regulations provides an in-depth understanding of key AML principles, regulations, and compliance strategies. This QualCert Level 2 Award in Anti-Money Laundering Regulations builds upon foundational AML knowledge by exploring real-world money laundering risks, advanced compliance frameworks, and effective regulatory enforcement measures. Designed in accordance with UK and international AML standards, this QualCert Level 2 Award in Anti-Money Laundering Regulations equips learners with essential skills to identify, assess, and mitigate money laundering threats within various industries.
Participants will gain practical insights into compliance obligations, customer due diligence (CDD), and suspicious activity reporting (SAR), ensuring a strong grasp of global AML best practices. This QualCert Level 2 Award in Anti-Money Laundering Regulations is ideal for professionals in financial services, legal sectors, and compliance roles seeking to strengthen their expertise in anti-money laundering frameworks and enhance their ability to combat financial crime effectively. The QualCert Level 2 Award in Anti-Money Laundering Regulations is a two-day training program that covers four key study units, focusing on risk identification, AML regulatory structures, compliance procedures, and the role of financial institutions in preventing financial crimes.
Learners will explore the responsibilities of businesses and regulatory bodies in enforcing AML compliance, the role of Know Your Customer (KYC) measures, and the impact of emerging financial technologies on money laundering risks. The course also examines case studies of AML breaches and best practices for implementing effective compliance programs. By the end of this QualCert Level 2 Award in Anti-Money Laundering Regulations, participants will have a comprehensive understanding of AML obligations and the necessary tools to contribute to a robust financial crime prevention framework in their organizations.
Course Contents of QualCert Level 2 Award in Anti-Money Laundering Regulations:
The QualCert Level 2 Award in Anti-Money Laundering Regulations offers 6 Credits, requiring a Total Qualification Time (TQT) of 16 hours, including 12 Guided Learning Hours (GLH). Learners will explore the regulatory frameworks and the practicalities of implementing AML controls.
| Unit Ref# | Unit Title | Credit | GLH | TQT |
| QC06018-1 | Overview of Anti-Money Laundering | 1 | 3 | 4 |
| QC06018-2 | AML Laws and Regulations | 1 | 3 | 4 |
| QC06018-3 | Know Your Customer (KYC) and CDD | 2 | 3 | 4 |
| QC06018-4 | AML Risk Assessment and Mitigation | 2 | 3 | 4 |
Entry Requirements for the QualCert Level 2 Award in Anti-Money Laundering Regulations:
To enroll in the QualCert Level 2 Award in Anti-Money Laundering Regulations, participants must meet the following requirements:
- Professionals working in financial services, compliance, legal, or related fields are encouraged to apply.
- A high school diploma or equivalent qualification.
- Proficiency in English, as the course is conducted in English.
- Basic understanding of financial systems, regulatory compliance, or prior completion of a Level 1 AML course is recommended but not mandatory.
- Minimum age requirement of 18 years.
Learning Outcomes of QualCert Level 2 Award in Anti-Money Laundering Regulations:
Upon successful completion of the study units, learners will be able to:
- Overview of Anti-Money Laundering
- Understand the fundamental concepts, purpose, and importance of AML in financial systems.
- Identify key money laundering methods and techniques used by criminals.
- AML Laws and Regulations
- Explain international AML laws, directives, and regulatory frameworks.
- Recognize the roles of regulatory bodies in enforcing AML compliance.
- Know Your Customer (KYC) and Customer Due Diligence (CDD)
- Understand the principles and importance of KYC and CDD in preventing financial crime.
- Implement effective procedures to verify customer identity and assess risk levels.
- AML Risk Assessment and Mitigation
- Conduct AML risk assessments to identify vulnerabilities within an organization.
- Develop risk mitigation strategies and implement internal controls to ensure compliance.
The QualCert Level 2 Award in Anti-Money Laundering Regulations is designed for individuals seeking to enhance their understanding of AML regulations and compliance requirements. This course is suitable for:
- Professionals working in banking, finance, insurance, and legal sectors.
- Compliance officers, risk managers, and financial crime investigators.
- Employees in money service businesses (MSBs) and fintech companies handling financial transactions.
- Government officials, regulators, and law enforcement personnel involved in financial crime prevention.
- Individuals looking to advance their knowledge of AML frameworks and strengthen their career prospects in compliance and risk management.