AML Foundations & Core Concepts

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Understand money laundering and terrorist financing, and build the knowledge to recognise risks, apply controls and act responsibly.

7 lessons
42 topics
7 knowledge checks
Final assessment

Who this is for & learning outcomes

Who this is for: Professionals building or refreshing their understanding of anti-money laundering and countering the financing of terrorism (AML/CFT).

Explain key money laundering and terrorist financing concepts and the purpose of the AML/CFT system.
Connect identified risks to proportionate controls using a risk-based approach.
Recognise how governance, ethics and escalation support an effective AML programme.
Describe the role of evidence, confidentiality and inspection readiness.

Course Content

Lesson Content

0% Complete 0/6 Steps

1.1 Start Here: Purpose and Learning Objectives

1.2 Essential AML/CFT Concepts

1.3 Prevent → Detect → Disrupt

1.4 Scope & the Customer Lifecycle

1.5 Who Makes the AML/CFT System Work?

1.6 Your Role: Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

2.1 Start Here: Purpose and Learning Objectives

2.2 Predicate Offences and Proceeds of Crime

2.3 How Money Laundering Works: The Classic Three-Stage Model

2.4 How Terrorist Financing Works: Sources, Movement and Use

2.5 Red Flags, Typologies, Suspicion and Escalation

2.6 Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

3.1 Start Here: Purpose and Learning Objectives

3.2 Understanding Risk: Threats, Vulnerabilities and Consequences

3.3 Risk Factors: Customer, Product/Service, Geography, Channel and Behaviour

3.4 From Inherent Risk to Residual Risk: The Role of Controls

3.5 Applying Proportionate Controls: Higher Risk, Lower Risk and Documented Decisions

3.6 Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

4.1 Start Here: Purpose and Learning Objectives

4.2 Economic Harm: Markets, Competition and Public Finances

4.3 Social, Institutional and Security Harm

4.4 From Financial Crime to Real-World Harm: Connecting the Chain

4.5 The Hospital That Never Opened: Following the Money and the Harm

4.6 Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

5.1 Start Here: Purpose and Learning Objectives

5.2 Building Blocks of an Effective AML/CFT Programme

5.3 Governance: Governing Body, Senior Management and the Compliance Function

5.4 The Three Lines Model: Ownership, Support, Challenge and Assurance

5.5 Accountability in Practice: Responsibilities, Escalation and Oversight

5.6 Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

6.1 Start Here: Purpose and Learning Objectives

6.2 Culture, Incentives and Pressure: How Controls Can Weaken

6.3 Ethical Judgement, Individual Accountability and Documentation

6.4 Escalation and Speaking Up: When Normal Channels Are Not Enough

6.5 The “Important Client” Case: When Commercial Pressure Meets AML/CFT Controls

6.6 Apply, Check and Recap

Lesson Content

0% Complete 0/6 Steps

7.1 Start Here: Purpose and Learning Objectives

7.2 Record-Keeping and Evidence Trails: Showing What Happened and Why

7.3 Confidentiality, Tipping-Off and Customer Communication

7.4 Building a Defensible File: Facts, Analysis, Decision, Authority, Action and Review

7.5 Inspection Readiness: Can the File Demonstrate the Control Worked?

7.6 Apply, Check and Recap