Comprehensive AML Training for Future Compliance Professionals
Equipping Students with Real-World Skills for Successful Careers in AML. Our hands-on approach ensures graduates are job-ready from day one.
Introduction to Anti-Money Laundering
Dive into "Intro to AML," covering key stages of money laundering: Placement, Layering, and Integration. Learn the tactics used to introduce, disguise, and reintegrate illicit funds into the economy through concise, real-world examples.
Currency Transaction Reports
Get an in-depth understanding of CTR requirements. Learn through lessons on CTR Overview, identifying exemptions, and the handling of monetary instruments, equipping you with the knowledge to manage large currency transactions effectively.
Transaction Monitoring
This module equips you with the skills to detect and analyze suspicious activities through an in-depth exploration of various red flags. It culminates in a practical test where students review actual transactions to identify and appropriately apply these red flags, reinforcing the application of theory in real-world scenarios.
Curriculum
Traditional education often falls short for many aspiring professionals due to its broad curriculums. At Compliance Prep, we understand these challenges and are dedicated to providing a flexible and practical option for AML training. Our hands-on, targeted approach equips students with the real-world skills they need to excel in their careers without the drawbacks of traditional education.
Client Identification Program
This module focuses on essential aspects of customer verification. Learn the necessary customer information, non-documentary verification methods, the implications of verification failures, and the recordkeeping requirements critical for compliance.
Know Your Customer (KYC)
This module is a cornerstone of our certification, focusing on thorough KYC practices for diverse entities such as individuals, corporations, hedge funds, trusts, and investment advisers. It offers detailed lessons on conducting KYC procedures for each entity type, accompanied by sample KYC investigations and practical assignments for students to conduct their own investigations,
Suspicious Activity Reports (SAR)
The "Suspicious Activity Reports" module trains you in identifying unusual transactions and the critical skills needed to draft SARs effectively. This comprehensive lesson includes a practical exercise where students must investigate a scenario and draft their own SAR, providing a real-world application of their learning and testing their ability to document suspicious activities accurately.
Boolean Searching
Delve into "Boolean Searching," a module that teaches the fundamentals and advanced techniques of Boolean logic in search queries. This course covers specific strategies for searching individuals, including women and people with common names, as well as companies, enhancing precision in data retrieval
Information Sharing
Learn the specifics of Sections 314(a) and 314(b) of the USA PATRIOT Act. It covers essential practices for lawful sharing of information between financial institutions to enhance the detection and reporting of potential money laundering or terrorist financing activities.
Interview Prep
This module equips students with essential skills to excel in job interviews and create standout resumes tailored for AML roles. Students will learn how to effectively highlight their knowledge and experience, including practical writing samples like Suspicious Activity Reports (SARs) and case investigation summaries. Students will learn interview techniques, common questions, and tips for confidently presenting oneself, ensuring students are fully prepared to secure their desired positions in the AML field.
Training That Gets Students Career Ready
Comprehensive Curriculum
Our AML training includes detailed lectures covering key topics such as money laundering stages, client identification, Boolean searching, Know Your Customer (KYC) practices, Currency Transaction Reports (CTR), information sharing under the USA PATRIOT Act, transaction monitoring, and drafting Suspicious Activity Reports (SARs). This curriculum is designed to provide in-depth knowledge and practical skills necessary for AML professionals.
Writing Samples
Our AML training program includes drafting Suspicious Activity Reports (SARs) and case investigation summaries, providing students with valuable writing samples. These exercises enhance writing skills and offer tangible proof of their abilities for potential employers. This practical documentation demonstrates their proficiency and readiness for roles in banks, government agencies, and fintech companies, making them more competitive in the job market.
Micro Lesson Learning
We focus on micro lessons to accommodate shorter attention spans, making it quick and easy for users to master one area before moving to the next. This approach ensures effective learning and retention of key AML concepts.
Support for Students
We offer extensive support for students throughout their learning journey. Our resources include personalized assistance, access to online forums, and regular check-ins to ensure they are on track and comprehending the material effectively. This student-centric approach helps to maximize their success and readiness for a career in AML.
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FREQUENTLY ASKED QUESTIONS
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The duration of our AML training program varies depending on the student's pace, but it typically takes 3-6 months to complete.
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Yes, students receive a certificate of completion, and our curriculum prepares them for industry-recognized certifications.
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Students have access to personalized assistance, online forums, and regular check-ins to ensure they are progressing well.
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No specific prerequisites are required; however, a background in finance, law, or related fields can be beneficial.
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Yes, our AML training program is fully accessible online, allowing students to learn at their own pace.
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Micro lessons are short, focused modules that help students master one topic at a time before moving to the next, ensuring better retention and understanding.
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Students will learn to detect suspicious activities, draft Suspicious Activity Reports (SARs), and conduct thorough AML investigations, among other practical skills.
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Our program provides real-world training experiences, practical writing exercises, and comprehensive knowledge to make students job-ready for roles in banks, government agencies, and fintech companies.
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Our curriculum is continuously updated to reflect the latest industry standards and regulatory changes, ensuring students receive the most current and relevant training.