This fully CPD accredited Source of Wealth and Source of Funds AML online training course is self-paced and will give you the opportunity to raise awareness by explaining what Source of Wealth and Source of Funds is and how critical it is for individuals to be aware of any of the red flags while performing a review of a client. All of our Anti Money Laundering (AML) Compliance training and Know Your Customer (KYC) training are evidenced at the time of completion with a digital certificate and are broken down in a clear and easy way.
In this course you will learn about the following:
-
- What is Money Laundering
- What is Terrorist Financing
- Where does money laundering occur
- The impact of money laundering on our society and economy
- What is Source of Wealth
- What is Source of Funds
- How to evidence SoW and SoF at the time of onboarding
- When is it required to perform SoW and SoF Assessment
- What is Beneficial Ownership
- What is a Politically Exposed Person (PEP)
- What are Red Flags
- What to do if you come across something suspicious
- Raising suspicious behaviour
Who is the course suitable for?
- Anyone with an interest in Anti Money Laundering/Know Your Customer
- New entrants in AML Compliance/Client onboarding roles
- Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process
Benefits of taking this AML/KYC course
Taking a KYC certification course or Anti Money Laundering certification Course will not only enhance your Source of Wealth and Source of Funds knowledge but give you the opportunity to stand out from the rest of your peers at your current role or at the time of applying for an AML/KYC position.
This course can be taken at your own pace in any of the following formats:
- Desktop
- Laptop
- Tablet
- Smartphone devices
This course includes:
- 68 minute video lessons
- End of course quiz (multiple choice style 10 questions – 20mins)
- Digital Certificate of Completion
- 2 Continuous Professional Development (CPD) credits
Additional features with this course:
- Online support with our in-house professionals
- Unlimited access to LEI search
- Unlimited access to our AML tutorial videos
- Unlimited access to our AML related articles
-
Introduction to course
- Introduction to course – SoW and SoF
- Course Objective – Introduction to Source of Wealth and Funds
- What is money laundering and terrorist financing
- The money laundering cycle
- Where does money laundering occur
- The impact of money laundering on our society and economy
- Key Organizational Bodies
- The AML and CFT Framework
- What is Source of Wealth
- What is Source of Funds, how to evidence SoW and SoF and when to perform
- What is Beneficial Ownership
- Who is a Ultimate Beneficial Owner
- How to performing screening on Ultimate Beneficial Owners
- What is a Politically Exposed Person and when to screen
- What is Enhanced Due Diligence and attributes to consider
- What are Red Flags
- Reporting Suspicious Behaviour
- Recap – Introduction to Source of Wealth and Source of Funds
- End of Course Quiz – Introduction to SoW and SoF
