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:

  • To define what the Money Laundering, Terrorist Financing and Sanctions Risks that must be managed are
  • To have a broad understanding of who the International Bodies and Standard Setters are and what role they play
  • To demonstrate and evidence the roles that National, Legal and Regulatory Frameworks play when put into practice
  • To explain the purpose of taking an AML/CFT Risk-based Approach and how to manage the risks
  • To understand the general approach to initial and ‘ongoing’ Customer Due Diligence (CDD)
  • To understand the guidelines relating to monitoring activity and transactions
  • To recognise and report suspicious activity and explain the requirements
  • To provide an explanation of the vulnerabilities of specific services and products and demonstrate how to conduct a risk assessment

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
  • Successful completion of the course will award students with 30 Entry-Level credits towards STEP membership. 
  • It is designed, written, and updated by leading professionals in AML and Financial Crime. 
  • Flexible online delivery and an online workshop designed for working professionals. 
  • Students can interact directly with the course tutors at the 3-hour workshop.
  • "Spotlight Series" videos - regularly updated to highlight relevant hot topics
  • The workshop is 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
    • 3-hour workshop
  • distance learning support
  • examination fees.

The course is assessed by way of a one-hour online examination comprising 25 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.

January 2024 Timetable

July 2024 Timetable

Please note all courses are delivered fully online.

Thank you for your interest in CLTI or STEP products. Due to government regulations, we are unable to accept online payments from, or, on behalf of students from certain countries and territories without prior agreement. Please contact us for further details on cltinternational@centlaw.com, +44 (0) 121 362 7733.

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

Entry Criteria

Open-Entry

Course Fee £1155 (£1100 STEP member fee)

 

Assessment

Examination