AML Course

Lesson 1 • The Three-Stage Laundering Cycle

Explains placement, layering, and integration with real-world examples. Provides the analytical framework applied in all later detection chapters.

Lesson 2 • Key Actors and Stakeholders

Identifies the parties involved in laundering schemes and those responsible for prevention. Clarifies roles students will encounter in professional practice.

Lesson 3 • What Is Money Laundering

Defines money laundering and distinguishes it from related financial crimes. Establishes shared vocabulary used throughout the course.

Lesson 1 • Regulatory Examination and Enforcement

Explains how regulators assess compliance and impose sanctions. Prepares students to support examination readiness and remediation efforts.

Lesson 2 • Regulated Sectors and Entities

Identifies which industries and entity types fall under AML obligations. Helps students scope compliance programs to the correct institutional context.

Lesson 3 • International AML Standards

Covers the role of global standard-setting bodies and their core recommendations. Connects international norms to domestic implementation requirements.

Lesson 4 • Evolving Regulatory Landscape

Tracks recent regulatory reforms and emerging compliance expectations. Equips students to anticipate and adapt to regulatory change.

Lesson 1 • Risk-Based Approach Fundamentals

Defines the risk-based approach and its regulatory endorsement. Establishes the logic that drives all risk-scoring and resource allocation decisions.

Lesson 2 • Customer Risk Assessment

Teaches how to score individual customers based on risk factors. Directly feeds into CDD tier selection and monitoring intensity.

Lesson 3 • Product and Channel Risk

Assesses money laundering risk inherent in products, services, and delivery channels. Enables risk-based product design and channel controls.

Lesson 4 • Enterprise-Wide Risk Assessment

Integrates customer, product, and geographic risk into a single institutional view. Produces the foundational document regulators expect from every institution.

Lesson 1 • Politically Exposed Persons

Covers the identification, classification, and management of PEP relationships. Addresses one of the highest-risk customer categories in AML practice.

Lesson 2 • CDD Principles and Purpose

Establishes why CDD is central to AML and what it must achieve. Frames all subsequent CDD procedures within a risk-based rationale.

Lesson 3 • CDD Record-Keeping Requirements

Specifies what records must be retained, for how long, and in what format. Ensures students can build audit-ready CDD documentation systems.

Lesson 4 • Customer Identification and Verification

Details the steps to identify and verify individual and entity customers. Builds practical skills for onboarding compliance.

Lesson 1 • Typologies by Sector and Product

Applies red flag knowledge to specific industry contexts and product types. Deepens detection skills through sector-specific pattern recognition.

Lesson 2 • Transaction Monitoring Fundamentals

Introduces the purpose and architecture of transaction monitoring systems. Provides the conceptual base for rule design and alert management.

Lesson 3 • Common AML Red Flags

Catalogs behavioral and transactional indicators of suspicious activity. Trains analysts to recognize patterns across customer types and products.

Lesson 4 • Designing Effective Monitoring Rules

Covers how to build, tune, and validate monitoring scenarios. Reduces false positives while maintaining detection effectiveness.

Lesson 1 • Post-Filing Obligations and Management

Covers actions required after a report is filed, including account decisions and law enforcement requests. Completes the full reporting lifecycle.

Lesson 2 • Legal Basis for Reporting

Explains the statutory obligation to report and the protections afforded to reporters. Establishes the legal context that governs all reporting decisions.

Lesson 3 • Conducting the SAR Investigation

Details the investigative steps required before filing a report. Ensures reports are evidence-based and withstand regulatory scrutiny.

Lesson 4 • Writing High-Quality SAR Narratives

Teaches the structure and content of effective suspicious activity report narratives. Improves the intelligence value of reports submitted to authorities.

Lesson 1 • Policies, Procedures, and Controls

Guides the drafting of AML policies and operational procedures. Ensures documentation is enforceable, auditable, and risk-aligned.

Lesson 2 • AML Training Program Development

Covers the design, delivery, and measurement of staff AML training. Addresses the training pillar as a regulatory and cultural requirement.

Lesson 3 • Independent Testing and Audit

Explains how to scope, conduct, and report on AML program audits. Prepares students to manage or support the independent testing function.

Lesson 4 • Governance and Board Oversight

Defines the roles of senior management and the board in AML governance. Connects program design to institutional accountability structures.

Lesson 1 • Correspondent Banking and De-Risking

Addresses AML risks in correspondent relationships and the de-risking phenomenon. Prepares students for one of the most complex AML risk environments.

Lesson 2 • Sanctions and AML Intersection

Explores how sanctions compliance and AML programs interact and reinforce each other. Equips students to manage integrated financial crime risk.

Lesson 3 • AML Program Effectiveness Measurement

Introduces metrics and testing frameworks to evaluate program performance. Enables data-driven program improvement and regulatory reporting.

Lesson 4 • Financial Technology and AML

Examines how fintech business models create new AML risks and compliance challenges. Prepares students to apply AML principles in digital financial environments.