Description
Advance Your Career in AML
A career in anti-money laundering is exciting and is integral in final institutions worldwide. Take a step in this field by earning an AML Concepts and Methodology certificate.
After the September 11th, 2001 attacks on the United States, the 91st US Congress enacted the Bank Secrecy Act (BSA) which assists financial institutions and local, state, and federal law enforcement detect, investigate, and combat money laundering and terrorist financing. This course is designed to enhance your knowledge of the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) industry.
What careers are a good fit for transitioning to the financial crimes industry?
- Accounting
- Auditors
- College graduates
- Military
- Law-Enforcement
- Financial institution employees – tellers/bankers, call center agents, lenders, etc.
Earn this certificate to boost your career in
- Financial Crimes Analyst
- Financial Crimes Investigations
- Financial Crimes Quality Assurance
- Financial Crimes Technology
- Financial Crimes Audit
- Financial Crimes Compliance
- Financial Crimes Data Analytics
- Financial Crimes Leadership
- Corporate Investigations, Insider Threat, and/or Employee Relations
Who Should Consider Earning This Certificate?
New or transitioning industry professionals – if you are new to, or you are attempting to transition to the profession, this course will provide you with a strong foundational base in industry knowledge that you can build upon as your skills develop.
Seasoned professionals currently working in the industry – if you are a seasoned professional that is already working in the industry, this will be a great back to basics course that will potentially even cover topics that you may have not received in your career development and training thus far.
Financial crimes program managers – if you are an AML program manager, director, or a BSA Officer, the course is a perfect option for providing your entire team with comprehensive AML training.
Modules covered in this training:
Modules covered in this training:
Duration 16:20
A holistic overview of criminology from the mindset of a fraudster, cybercriminal, and/or money launderer.
Duration 32:05
Understanding the difference and importance between critical and analytical thinking to give practical based application to financial crimes investigations.
Duration 19:21
Throughout your career in the financial crimes industry, you will be tasked with making a variety of risk-based decisions. This module will provide you with a comprehensive understanding of risk categories as well as how to minimize risk to your organization.
Duration 25:21
An overview of acronym identification and financial crime specific terminology will be provided in this module.
Duration 1:05:25
A holistic overview of the detection, analyst, investigations, and reporting function within a financial institution will be discussed in this section.
Duration 15:26
The policies, standards, and rules of law that govern a Bank Secrecy Act (BSA) program will be reviewed in this module.
Part 1 - Duration 40:60
Part 2 - Duration 28:54
There are various Anti-Money Laundering (AML) specific typologies that you may encounter working in the financial crimes industry. In this module, we will review the most common typologies:
- Cash Structuring
- Trade-Based Money Laundering (TBML)
- Wildlife Trafficking
- Human Trafficking/Smuggling
- Rapid Movement of Funds
- Money Mules
- Know Your Customer (KYC) Reviews
- Shell Companies
- Unknown of Suspicious Source of Funds
- Counter Financing of Terrorism (CFT)
Duration 1:25
Certificate vs. Certification Program
As AML-ology strives to be the one stop shop for all your financial crime training needs, we will begin to build onto our digital course catalog by launching additional certificate and certification programs. The two terms are often used synonymously and although they are similar, they are not the same. Let’s discuss the differences between the two.
Certificates are great options for professionals that are just starting out or are new to an industry as well as seasoned and experienced professionals looking to gain additional knowledge on a specific topic.
Certificates are microlearning engagements specified for a certain topic. Certificates can be issued after completing a full-length course or they can be awarded after attending webinars commonly called “certificates of completion.”
Certificate content often has oversight by Subject Matter Experts (SMEs) and/or advisory board members. Certificates do not offer credentials or acronyms after your name and do not require continuing education to maintain and renew.
A professional certification is a training program that covers a broader topic and is in greater depth than certificates. Certifications usually have predetermined and standardized criteria that require the participant to pre-qualify in order to take the course. Some of the criteria may be secondary education, years of experience in a particular industry, prerequisite courses, etc.
It is common practice for the certification program require an assessment, quizzes, tests, projects submitted, etc. to display understanding or even mastery of the delivered content. Upon successful completion of certification programs, you will be permitted to display credentials after your name to designate you as a holder of that certification. Common financial crimes industry certifications are: Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), etc. Certifications require continuing education to maintain and renew.
“Continuing education” is qualified training programs that upon completion demonstrate ongoing knowledge in a specific industry. These requirements are commonly called Continuing Education Units (CEUs), Continuing Education Credits (CECs), Professional Development Units (PDUs), Professional Development Credits (PDCs), etc. The determination of whether a training program qualifies as continuing education to maintain and renew your certification will be at the discretion of the issuing body of the certification. The issuing body also makes the determination of how many continuing education credits are required within a certification term.
Some certifications require renewal every year, some are every two or three years, others have longer certification terms such as five years. Webinars and certificates often qualify for continuing education credits. Please consult with the issuing body of the certification you are attempting to obtain or renew for the outline of their program requirements.
Browser Compatibility
It is extremely important that you use a supported browser when using AML-ology so that all course content and the course tools display properly and to avoid usability errors related to browser configurations. The very latest editions of Mozilla Firefox, and Google Chrome should work fine on most devices. We do not recommend using Apple Safari or Microsoft Edge, and Microsoft Internet Explorer is no longer a supported browser. We recommend installing both Chrome and Firefox browsers for use with our technologies, especially if one results in an error message. Please try using a different browser to see if you experience the same results before contacting help desk support.