VinciWorks will soon be releasing a new Anti Money Laundering course that will provide learners with an in-depth understanding of how money laundering can affect them and their business and what they can do to avoid becoming involved.
The Fifth Anti-Money Laundering Directive, which came into force in the UK and around the European Union on 10 January 2020, provided an update to the Fourth Directive and aims to prevent the use of the financial system for money laundering and terrorist financing.
Companies in just about every sector can serve as vital links in the money laundering chain, whether wittingly or unwittingly. With the correct training and risk awareness, every worker can break the chain and cut off the link that criminals and terrorists need to fund their enterprises. Every suspicious transaction reported or red flag spotted helps break the chain, bring criminals to justice and prevent innocent victims from being hurt by crimes such as human trafficking, drugs, violence, and terror.
The information in the interactive course, which has a fresh and engaging new design, will help users protect themselves and their companies from knowingly or unknowingly being involved in money-laundering related crime.
The course has been designed with relevance at the forefront, meaning every user who takes the course will receive tailor-made content specifically designed for their jurisdiction, job role, risk level and specific industry they work in.
Relevant AML training for the legal sector
For the legal sector, we’ve taken relevance further than ever before with scenarios tackling a range of areas of legal practice, such as private client, commercial law and conveyancing. The course can be used in offices all around the world, bringing training up to the same standard required in the UK and EU member states. Users who practice law offshore also receive dedicated scenarios and information specific to the type of work they do.
VinciWorks has also expanded relevance out to the rest of the regulated sector. So whether you work in a bank, in the accountancy sector, financial services, a regulated crypto-currency exchange, an art dealership or any other industry which is now regulated under the Fifth Directive, this course will provide the ultimate money laundering training solution you need.
What’s in the course?
AML 2020 is designed to give all users, whether they are assessed as high or low risk, a tailor made and relevant experience, while providing firms with the peace of mind that their staff are up to date with their training requirements.
- An innovative red flag assessment enabling your firm to track and assess the frequency of money laundering indicators to strengthen your defences
- How money laundering works delivered in compelling, real-life ways
- In-depth explanations of how money laundering works, accompanied by real-life examples, and how it affects a users industry
- The particular laws and offences surrounding money laundering and related offence
- How to conduct client due diligence and what the various levels of KYC requirements mean
- Counter-terror financing along with specific requirements placed on the regulated sector
You can learn more about our course and get a quote by completing the short form below.