The LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training is a comprehensive program designed for individuals who want to take their expertise in anti-money laundering (AML) to the next level. As financial crime becomes increasingly sophisticated, organizations require skilled professionals who can navigate complex regulations and effectively combat money laundering.
This diploma equips you with advanced knowledge and practical skills to manage AML compliance, conduct thorough risk assessments, and implement effective customer verification procedures. Whether you’re looking to enhance your career in financial services, compliance, or risk management, this qualification will prepare you for high-level roles in AML and financial crime prevention.
The LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training covers an in-depth curriculum, providing you with the expertise needed to understand and manage AML risks at an advanced level. You’ll explore critical topics such as international AML regulations, advanced customer due diligence (CDD), enhanced due diligence (EDD) procedures, and best practices for identifying and investigating financial crime. The course also focuses on creating and managing effective AML policies, conducting audits, and ensuring robust risk management strategies are in place.
Designed for professionals with some experience in the field, this course will equip you to manage complex AML challenges, develop high-level compliance programs, and lead your organization’s efforts in preventing financial crime.
By the end of the course, you’ll be able to create strategic frameworks to ensure AML compliance, mitigate risks, and maintain regulatory standards across various financial sectors. Perfect for those aiming for senior compliance roles, the LICQual Level 3 Diploma is the key to advancing your career in financial crime prevention.
Course Overview
Qualification Title
LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training
Total Units
6
Total Credits
60
GLH
240
Qualification #
LICQ2200324
Qualification Specification
To enrol in the LICQual Level 3 Diploma in Anti-Money Laundering and Customer Verification Training candidates must meet the following entry requirements:
- Educational Requirements: A minimum of a high school diploma or equivalent qualification is required. It is recommended that candidates have completed a Level 2 qualification in Anti-Money Laundering or have relevant work experience in financial services, compliance, or risk management.
- Experience: Candidates should have a basic understanding of anti-money laundering (AML) practices and customer verification procedures. A minimum of one year of work experience in a financial institution, compliance, or risk management role is beneficial but not mandatory. Individuals with experience in roles such as compliance officers, risk analysts, or fraud investigators will find this course highly relevant.
- English Language Proficiency: Proficiency in English is essential, as all course materials and assessments are in English. Candidates should have an intermediate level of English (B1 or higher) to understand course content and complete written assignments effectively.
- Age Requirement: Candidates must be at least 18 years of age at the time of enrolment.
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200324-1 |
Advanced Money Laundering Risk Assessment |
10 |
40 |
|
LICQ2200324-2 |
International Regulatory Standards for AML |
10 |
40 |
|
LICQ2200324-3 |
Financial Institutions’ Roles in AML Compliance |
10 |
40 |
|
LICQ2200324-4 |
AML Investigation and Case Management |
10 |
40 |
|
LICQ2200324-5 |
Developing and Implementing AML Training Programs |
10 |
40 |
|
LICQ2200324-6 |
Advanced Legal and Ethical Issues in AML |
10 |
40 |
By the end of this course, learners will be able to:
Advanced Money Laundering Risk Assessment:
- Conduct detailed risk assessments to identify, evaluate, and mitigate advanced money laundering risks within financial institutions.
- Develop risk management strategies based on advanced methodologies to assess vulnerabilities in different sectors and organizations.
- Implement and monitor appropriate controls to minimize financial crime risks and ensure compliance with industry standards.
International Regulatory Standards for AML:
- Understand and apply international AML regulations, such as those set by the Financial Action Task Force (FATF), to ensure global compliance.
- Evaluate the impact of international standards on local financial institutions and how to integrate these into organizational practices.
- Ensure that AML compliance strategies align with both global best practices and national regulatory requirements.
Financial Institutions’ Roles in AML Compliance:
- Identify the key roles and responsibilities of financial institutions in maintaining AML compliance.
- Implement AML policies and practices within organizations to meet regulatory obligations and combat financial crime.
- Develop frameworks for the ongoing monitoring of financial activities and the detection of suspicious transactions.
AML Investigation and Case Management:
- Conduct in-depth investigations into suspected money laundering cases, using advanced investigative techniques.
- Apply critical thinking to gather, analyze, and document evidence to support investigations and potential prosecutions.
- Develop effective case management strategies to track, investigate, and resolve AML cases in compliance with legal frameworks.
Developing and Implementing AML Training Programs:
- Design and implement AML training programs for employees, ensuring that staff understand their role in preventing financial crime.
- Tailor training programs to address specific organizational needs and ensure alignment with regulatory requirements.
- Evaluate the effectiveness of training programs and provide recommendations for improvement to maintain compliance.
Advanced Legal and Ethical Issues in AML:
- Understand the complex legal and ethical challenges surrounding anti-money laundering, including privacy concerns, regulatory compliance, and reporting obligations.
- Assess the legal implications of AML actions and ensure that organizational practices align with legal frameworks and ethical guidelines.
- Make informed decisions in handling sensitive information and report suspicious activity while adhering to legal standards.
This diploma is ideal for:
- Professionals working in compliance, risk management, or financial services who want to deepen their expertise in anti-money laundering (AML) and customer verification practices.
- Individuals currently in or aiming for senior roles in financial institutions, compliance departments, or regulatory bodies.
- Compliance officers, AML specialists, or financial crime investigators who wish to advance their skills in investigating and managing AML cases.
- Managers or team leaders responsible for overseeing AML programs and ensuring their organization adheres to both national and international regulatory standards.
- Risk analysts or financial professionals seeking to enhance their understanding of advanced money laundering risk assessment and mitigation strategies.
- Those responsible for developing and implementing AML training programs within organizations.
- Professionals who need to understand complex legal and ethical issues in AML and integrate them into organizational practices.
- Anyone looking to gain expertise in AML investigation techniques and improve their ability to manage complex financial crime cases.
Assessment and Verification
All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.
Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.