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Anti-Money Laundering Training

Interactive, customisable training for any business, any user, anywhere

Bringing relevance to the heart of AML training

VinciWorks strives to make its AML training more than simply a tick-box exercise. Our courses are packed with realistic scenarios, real-life case studies and every customisation option you can think of. We have everything from in-depth induction training to refresher courses and five minute knowledge checks.

Our latest courses bring a fresh, bold, new design and begin with a course builder to deliver the most relevant training to each user. Whichever industry, jurisdiction or job role you work in, a course can instantly be built just for your staff.



Our latest AML courses

Course versions

VinciWorks

AML Advanced

Built for staff who have a high-risk of being exposed to money laundering, this course brings relevance to the heart of AML training.

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VinciWorks

AML Fundamentals

An in-depth interactive course for low-risk staff as part of necessary procedures to prevent and detect money laundering.

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VinciWorks

AML Global (Legal)

We've created an in-depth course that instantly adapts according to the user's jurisdiction and the regulations that apply to them.

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VinciWorks

AML Global
Fundamentals

An in-depth course for low-risk staff that instantly adapts according to the user's jurisdiction and the regulations that apply to them.

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VinciWorks

AML Global
Advanced

An in-depth course for staff who have a high-risk of being exposed to money laundering, this course brings relevance to the heart of AML training.

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VinciWorks

AML:
Know Your Risk

This refresher course is available in eight versions to suit any industry. Staff who are more knowledgeable on the topic will complete the course quicker.

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VinciWorks

AML Knowledge Checks

Short quiz-style courses covering the most important aspects of anti-money laundering relating to each industry.

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VinciWorks

AML: 360° refresher course

A short course for staff who have already been trained on AML and require a quick refresher course.

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VinciWorks

AML: A Practical Overview

One of our first ever AML courses covering everything low risk staff need to know.

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Anti-money laundering training solutions features

  • Each course in the suite begins with a "course builder" to instantly create the most relevant training for each user
  • Innovative red flag assessment enable firms to track and assess the frequency of money laundering indicators
  • Courses feature in-depth, industry-specific modules, including modules for legal, real estate, financial services, cryptocurrency, accounting, banking and more
  • 100% customisable — Change every word, add relevant policies, include custom modules and more
  • Interactive risk-based scenario questions

What you'll learn from VinciWorks’ AML training courses

Users who take our anti-money laundering training will gain a comprehensive understanding of the subject. Learning outcomes for users that complete our courses include:

  • Gain a deep understanding of how money laundering works in practice
  • Understand how money laundering can negatively impact their industry, their organisation and themselves
  • Know the laws and offences related to money laundering and terrorist financing, including penalties for breaking the law
  • Understand the definition of suspicion and how to identify suspicious transactions
  • Learn how to be aware of red flags relevant to their industry and know how to spot them

FAQ's about online anti-money laundering courses

What is money laundering?

Money laundering refers to the processes that drug traffickers, terrorists, prostitution rings, cyberattackers, and other dangerous actors use to disguise the origins of their money to make it look like it came from a legitimate source. Their goal is to avoid having their money seized by law enforcement agencies and to avoid being detected for evading taxes.

Because banks and other financial institutions require clients to disclose how large amounts of money were obtained, criminals are forced to hide their sources by funneling money through legitimate sources in order to cleanse their trail. In many cases, they weave elaborate webs of intrigue involving complicated corporate structures, unusual real estate investments, or exotic locations in places with minimal law enforcement, known as tax havens.

What is anti-money laundering training?

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.

Anti-money laundering training provides users with an overview of money laundering, including the laws and offences related to money laundering, explain how their organisation could inadvertently be used in the money laundering chain, and make them aware of who to contact in the event of any suspicions.

The best kind of training will be one that is designed with relevance at the forefront, meaning that every user who takes the training will receive tailor-made content specifically designed for their jurisdiction, job role, risk level and specific industry they work in.

What are the key elements of a good AML training program?

Training can come in different shapes and styles but there are some key elements that should always be included. Here are some of the key elements of a successful AML training program:

  • A definition and overview of what money laundering is, the three stages of money laundering (placement, layering, integration) and how it occurs
  • An introduction to common types of money laundering; for example: cash-intensive businesses, shell companies, money mules, foreign accounts, investments, smurfing, digital tools
  • An explanation of how money laundering can affect you and your business
  • An overview of current anti-money laundering legislation and regulations in one’s local jurisdiction and other relevant jurisdictions
  • An explanation of how to comply with money laundering laws and relevant procedures to follow, for example Client Due Diligence (CDD) (also known as Know Your Client, or KYC)
  • How to spot and what to do about potential red flags, including large transactions, UBOs, Politically Exposed Persons (PEPs), high risk countries, and others
  • How to report suspicions
  • Penalties for violations
  • An assessment for users to test their understanding and retention of the material

Why is AML training important?

Committing or being involved in a money laundering offence, even indirectly, can result in prison terms of two to 14 years, unlimited fines, or both, depending on the type of violation.

The information users gain in the training will help them protect themselves and their companies from knowingly or unknowingly being involved in money-laundering related crime.

Who is required to have an anti-money laundering program?

All financial institutions are required to use a risk-based approach to screen all clients and transactions for possible money-laundering concerns.

A risk-based approach means that the level of due diligence done is decided based on the level of risk. Low-risk clients are given basic compliance checks while those with higher perceived risk are investigated more thoroughly.

Which employees should be trained in AML?

Since money laundering risks can affect businesses in just about every sector, all staff should be trained on anti-money laundering procedures, whether they have a higher or lower exposure to money laundering risks. Of course, training should be tailored to one’s level of risk exposure.

How often is anti-money laundering training required?

At a minimum, staff must be trained at least once every two years on money laundering. However, there are a number of factors that trigger an additional need for training.

  • When staff join the business
  • When staff move to a new job
  • When staff change roles in an organisation
  • When a change happens in the legislation
  • When a change in the level of risk occurs

VinciWorks recommends that all staff undertake money laundering training annually, with higher-risk staff undergoing refresher training after six months.

How do you train on AML?

Staff training should include procedures to spot and deal with situations that suggest a heightened money laundering risk. Higher risk accounts and customers will require staff dealing with them to undergo enhanced, more detailed or more frequent training, or both.

How long does AML training take?

The length of the training can vary, depending on the course. VinciWorks offers a range of courses ranging from 5 minutes to 1.5 hours! Each course begins with a course builder to deliver the most relevant training to each user. From 5 minute knowledge checks, to 20-30 minute refresher courses, from a 30 minute course covering the basics, to 45 minutes - 1.5 hours long in depth courses for staff who have a higher-risk exposure to money laundering, as well as additional options, there is something for everyone.

When I finish the course, will I receive a certificate?

Yes, each user that completes the course will receive an instant completion certification by email, as well as a printable pdf course completion certificate that includes their name, the name of the course, and the date of course completion.