AML Fundamental Skills (A Practical Foundation in AML Compliance)

Mindaugas Petrauskas

About this course

Learn from the GOWISE team’s experience working with fintech companies about the key challenges in enforcing AML measures, the importance of a common regulatory understanding across the financial industry, and the need for continuous knowledge updates to identify emerging money laundering and terrorist financing methods.

Enhance AML specialists’ ability to determine the appropriate approach in diverse risk scenarios.
Provide and consolidate foundational knowledge required for the effective application of AML measures through practical, experience-based learning.
Strengthen understanding of core AML concepts, including customer due diligence, transaction monitoring, and reporting obligations.
Develop teams’ capabilities to identify and address common money laundering risks encountered in day-to-day operations.
Improve participants’ confidence in recognising red flags and escalating suspicious activities appropriately.
Support consistent application of a risk-based approach across business functions.
Improve programme participants’ professional efficiency and overall compliance awareness.
Foster a proactive compliance mindset aligned with regulatory expectations and industry best practices.

Customer Due Diligence (CDD) & Know Your Customer (KYC) — Learn how to identify, verify, and risk-assess customers.
Transaction Monitoring & Sanctions Compliance — Understand how to detect suspicious activity and screen for sanctions.
Internal Investigations & Reporting — Learn how to review alerts and report suspicious activity.
Understanding Predicate Crimes — Understand the offences that generate proceeds of crime.
AML Risk Assessment — Learn how to identify and evaluate money laundering risk exposure.
AML Governance & Controls — Understand the key components of an effective AML compliance framework.

Course Curriculum

1. Overview of the Course
Lector Objectives Skills delivered Programme Modules

Introduction and Overview of the Course Content

2. Overview of Money Laundering
Legal framework, obligations, and scope Practical examples Money laundering prevention system: financial institutions, Financial Intelligence Units (FIUs), law enforcement agencies Suspicious Activity Reports (SAR), Suspicious Transaction Reports (STR), Currency Transaction Reports (CTR), and internal investigations

3. Predicate Crimes explained
Criminological characteristics of "white-collar" crimes Case studies and practical applications

4. Internal Investigations and Reporting
Internal escalation procedures Conducting effective internal investigations Reporting requirements and coordination with regulatory bodies

5. Customer Due Diligence (CDD) & Know Your Customer (KYC)
Importance of CDD and KYC procedures Risk-based approach to customer onboarding Identifying high-risk customers and enhanced due diligence (EDD)

6. Transaction Monitoring & Sanctions Compliance
Detecting suspicious transactions Risk assessment methodologies Red flag indicators and common typologies

7. Conclusions and frequently asked questions
In this sections the conclusion of the course are presented and answered to FQAs.

8. Check Your Understanding
Complete this multiple-choice quiz to test your knowledge—achieving a passing score will qualify you to receive your course completion certificate.

AML/CFT compliance officers and MLROs
Financial crime and fraud prevention specialists
Risk management professionals
Internal auditors and investigators
Law enforcement and financial intelligence unit (FIU) analysts
Senior management with oversight of AML/CTF framework
FinTech, EMI, and virtual asset service provider (VASP) compliance staff

Videos and Seminar Notes

Access comprehensive seminar videos and notes that cover topics delivered during the sessions, helping you review and deepen your understanding at your own pace.

Quiz

Test your knowledge with interactive quizzes designed to reinforce learning and ensure you're on track with the course material.

Certificate of Completion

Receive a certificate of completion to showcase your achievement and enhance your professional credentials upon finishing the course.

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Course features

Certification

Receive a proof of learning with verified course certificate

FAQs

Do I receive a certificate after completing the course?

Yes! Upon successful completion of the course and any required assessments, you will receive a certificate of completion. This certificate can be downloaded and shared on your professional profiles or with potential employers.

How are the courses delivered?

Courses are delivered entirely online through a mix of video lectures, interactive activities, downloadable resources, and optional live sessions, making learning engaging and flexible.

Is there a deadline for completing the course?

Most of our courses have no fixed deadlines, allowing you to complete them at your own pace. However, some live or cohort-based programs may have set schedules, which will be clearly mentioned

Will I have access to course materials after the course ends?

Yes! Once you enroll, you’ll have access to the course materials up to 5 years, including video lectures, resources, and downloadable content, so you can revisit them anytime.

How do I access the course materials?

All course materials, including video lectures, PDFs, and assignments, will be available on our online learning platform. You can log in anytime from your computer, tablet, or smartphone.

What devices can I use to access the course?

Our courses are accessible on all modern devices, including laptops, tablets, and smartphones. All you need is an internet connection, and you can learn anytime, anywhere.

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