STEP - Certificate

STEP Certificate in Anti-Money Laundering

STEP Certificate in Anti-Money Laundering
Credits Awarding Body STEP

This course covers the nature of money laundering (ML) and terrorist financing (TF), how the offences of ML/TF are committed, how money is laundered, initiatives to prevent its commission and the laws, regulations and best practice.

The course provides you with all of the essential knowledge you need to establish a successful career in the field of anti-money laundering. The global nature of the world’s financial systems provides criminals with virtually unlimited opportunities to launder the proceeds of their crimes. It is the responsibility of individuals and professionals working within the wealth administration industry to try to prevent and report knowledge and suspicion of money laundering. If funds from criminal activity can be processed through a particular institution, the integrity, reputation, legality and financial viability of that firm and the sector within which it works can be seriously impacted.

You will be able to:

  • Recognise how and why criminal proceeds are laundered, including the three-stage model and its limitations.
  • Have a broad understanding of the roles of the IMF, UN and World Bank as international standard setters in combating money laundering and terrorist financing.
  • Understand the basic requirements of the FATF standards and 40 Recommendations, and how and why these have developed as they have.
  • Understand the importance of a robust governance structure for money-laundering prevention, the responsibilities of the board/senior management and the clear allocation of roles and responsibilities throughout the organisation.
  • Outline key risks relating to transaction monitoring and filtering activities and know how to use this knowledge in creating a risk-based transaction monitoring and filtering framework.
  • Identify the problems that can arise from conflicts between legal obligations to report and the need to maintain customer confidentiality.
  • Be familiar with the money laundering vulnerabilities of specific financial services and products, such as bank accounts and wire transfers.

The course is designed for those who work in the international private wealth management field and those who are looking to develop their understanding of anti-money laundering. The course will particularly benefit those whose roles involve compliance, regulatory matters, internal audit and money laundering reporting.

Students of this course typically include:

  • MLROs and Deputies
  • Financial Crime/Risk Officers
  • Analysts
  • Funds Managers/Officers
  • Compliance Officers/Managers
  • Auditors
  • Trust Assistants/Officers/Administrators
  • Trust Managers (Senior)
  • Trustees/Fiduciaries
  • Corporate Administrators
  • Lawyers/Solicitors/Attorneys
  • Wealth Managers
  • Accountants
  • Tax Advisors
  • Bankers
  • Secretarial/Administration
  • Client Relations/Marketing/Sales
  • It is designed, written and updated by leading professionals in AML and Financial Crime.
  • Flexible online delivery and virtual classrooms designed for working professionals.
  • Students have the opportunity to interact directly with the course tutors at the virtual classroom.
  • The virtual classrooms are recorded and made available for all students on the programme.
  • Online discussion forum for students to interact with their cohort and ask questions about the programme.

This course is available for study twice annually, with intakes beginning in January and July (and examinations taking place in May and November. The programme is delivered entirely online and takes four months to complete. We recommend that you spend four to six hours per week on private study for the duration of the course.

Enrolment onto this course will include the following:

  • access to the online learning platform which contains:
    • bespoke, soft copy course reading
    • self-assessment material
    • two interactive virtual classrooms
  • distance learning support
  • examination fees.

The course is assessed by way of a two-hour online examination comprising 60 multiple-choice questions. There is a window of around 20 hours in which students can sit the examination on the given examination date. The examination questions are drawn from across the syllabus and candidates must achieve 50% in order to pass the Certificate. 

Once you have successfully completed this course, you will gain 30 Entry Level credits towards STEP membership and be awarded the STEP Certificate in Anti-money Laundering.

There are no formal exemptions available for this course.

Course Timetable - November 2021

Course Timetable - 2022

Please note all courses are delivered fully online.

Please be aware that workshops have a limited capcaity to guarantee optimum teaching conditions, therefore where several dates are listed per workshop we are unable to guarantee your selection of dates will be allocated to you.

Please check your final booking confirmation for your final workshop dates. If you have any queries please email cltinternational@centlaw.com

 

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Duration

4 Months

Delivery

Online Only

Entry Criteria

Open-Entry

Assessment

Examination

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