Multiple dates

Dealing with Illegal Money Business

Learn how to spot and report illegal money activities at our event "Dealing with Illegal Money Business."

By Training Station

Location

Online

Refund Policy

Refunds up to 7 days before event.

About this event

Understand financial crime risks, master AML, KYC, and monitoring strategies

Overview

Financial crime is a growing threat to institutions worldwide, and the cost of getting it wrong is more than just financial. This course tackles the core areas of illegal money activities—from fraud detection to money laundering—delivered in a straight-talking and structured format. No fluff, no filler—just what you need to know to keep financial crime where it belongs: out.

With modules covering everything from customer due diligence to risk assessment and monitoring, this course is designed to sharpen your awareness and decision-making. Whether you're new to the field or brushing up on knowledge, you'll gain the edge needed to understand the moving parts of financial crime prevention in today's ever-evolving financial landscape.

Learning Outcomes

Understand the scope and impact of financial crime globally.
Learn how to identify suspicious financial activity effectively.
Apply key principles of KYC and customer due diligence.
Explore legal frameworks for preventing money laundering.
Evaluate risks using industry-accepted assessment approaches.
Monitor transactions with accuracy and analytical insight.

Course Curriculum

Module 1: Introduction to Financial Crime Prevention
Module 2: Know Your Customer (KYC) and Customer Due Diligence (CDD)
Module 3: Anti-Money Laundering (AML) Framework
Module 4: Conducting Effective Investigations
Module 5: Risk Assessment in Financial Crime Prevention
Module 6: Transaction Monitoring

Who is this Course For

Financial service professionals handling client accounts or transactions.
Anyone working in banks or payment processing institutions.
Professionals in risk management or fraud detection roles.
People interested in financial regulations and security.
New hires in AML or customer due diligence teams.
Regulatory consultants in finance-related industries.
Audit and assurance professionals in finance sectors.
Individuals planning a move into financial crime prevention.

Career Path

Financial Crime Analyst – £38,000/year average in the UK
AML Investigator – £42,000/year average in the UK
KYC Analyst – £35,000/year average in the UK
Risk Assessment Officer – £45,000/year average in the UK
Transaction Monitoring Specialist – £40,000/year average in the UK
Financial Intelligence Officer – £47,000/year average in the UK

Frequently asked questions

What is it called when money is illegal?

It's called illicit money or dirty money, typically earned through illegal activities like drug trafficking or fraud.

What are the three types of money laundering?

Smurfing (structuring small deposits) Trade-based laundering (faking invoices) Shell companies (hiding ownership and transactions)

What are the four stages of money laundering?

Smurfing (structuring small deposits) Trade-based laundering (faking invoices) Shell companies (hiding ownership and transactions)

What is a real-life example of money laundering?

The HSBC scandal (2012) is a major example, where the bank allowed drug cartels to launder billions through its accounts.

Organized by

Training Station

Training Station is a dynamic online learning platform dedicated to providing an immersive and personalized educational experience. We offer lifetime access to engaging video lessons, tailored learning paths, and gamification features to keep you motivated and on track toward achieving your goals. Our team of skilled instructors, industry experts with years of hands-on experience, delivers high-quality lessons that blend theory with practical insights.

Explore our comprehensive resource library, filled with eBooks, articles, and research papers, to deepen your understanding and expand your knowledge. Powered by state-of-the-art infrastructure, our platform offers the latest technology to ensure a smooth and interactive learning journey.

To recognize your hard work and commitment, every completed course is rewarded with a PDF certificate, showcasing your achievement. At Training Station, we believe in making education not only effective but also rewarding and enjoyable.

From £8.00