Anti-Money Laundering (AML) is an important topic that everyone in the financial industry must be familiar with. Money-laundering is a process whereby criminal and/or terrorist groups process money received from illegal or terrorist activities through the financial system in an effort to hide or mask the original source of the monies. Money-laundering has significant costs for the economy, the financial companies that provide legitimate products and services and for the financial professional that work in the industry.
This course provides a comprehensive overview of the money laundering process and details the methods used by money launderers, the effects of money laundering, who is vulnerable, and the measures that can and must be taken to help prevent the occurrence of money laundering.
You will learn about the role of:
- Structuring (smurfing) the funds
- Credit and debit cards
- Underground banking
The Financial Analysis and Transaction Reporting Center (FINTRAC), has developed guidelines for what types of activities must be reported and how they are to be reported. The guidelines covering suspicious transactions, transaction reports, and compliance are conveniently summarized within the course.
Both interesting and informative, this course presents a good introduction for those new to the financial industry and an excellent refresher for those that are experienced in the industry and require a refresher on AML.
Question format: multiple choice
Questions per exam: 40 questions
Exam Length: 90 minutes per exam
Passing Grade: 60%
You have 3 attempts, thereafter
Refund Policy: This course is non-refundable and not transferable.
Login Policy: You are responsible for maintaining the confidentiality of your username and password. Sharing your access with others is not permitted. Failure to comply may result in the immediate termination of your course.
Conflict of Interest Policy
Learners have the right to learn in an environment dedicated solely to education and free from the promotion of any instructor’s proprietary interest in products, services, instruments, devices or materials. Should you feel that this policy has not been followed, please advise our Operations Manager via email at [email protected].
- Windows 7 or higher - updated to the latest Service Pack
- Mac OS 10.13x or higher
- All processors except for ARM Processor
Oliver’s Digital LockTM
- Pop-Ups enabled
- Web camera with microphone (if you do not have a computer with a built-in web camera and microphone)
- Google Chrome
You will be required to download Oliver’s Digital Lock. This is an application to ensure the integrity of the exams by restricting other computers from being able to access your computer and your computer being able to access other websites while doing your exam. During the entire exam, your communications will be restricted to our exam servers.