Qualified AML Professional

  • Category
    Compliance
  • Type
    Mixed
  • Duration
    2 months
  • Start date
    6 February
  • Price
    €1995
  • Languages
    EN, NL

In the current financial sector, companies are increasingly being scrutinized for compliance with laws and regulations regarding Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). This has led to a growing demand for well-trained professionals who are knowledgeable about the latest regulations and capable of conducting effective customer investigations, performing transaction monitoring, and identifying risks.

Target group

This course is suitable for professionals who will be taking on the role of AML professional within financial services organisations.

Education level

No specific prior education is required for this training. Knowledge of financial services is a plus.

Study duration

The study load for this training is 88 hours.

Bilingual

This training is available in both Dutch and English.

Objectives

The aim of this course is to train you in a practical and efficient manner. You will study the theory on your own beforehand and during the course days you will mainly be involved in practical activities. This will be done through case studies and by working on your personal development. The case studies will be available in the learning environment.

Set up and examination

In three days, you will go through the steps involved in the work of an AML professional and further develop the technical and communication skills you will use in that role.

Modules

 

Kick-off
We kick off the training with an approximately one-hour session via Teams. During this session, we will discuss what you can expect in the upcoming period and how to best prepare for the training.

Preparation
It is important that you thoroughly study the theory before the practical days. Without this theoretical knowledge, you will not be able to effectively engage with the case studies during the sessions.

Day 1
The first day of the training focuses on the CDD process. You will assess various scenarios and work through a case study in which you conduct a customer investigation.

Day 2
On the second day, you will practice communication and presentation skills.

Day 3 
The third day is a mix of transaction monitoring, reporting, and presentation skills.

Theory

All the theory for this training is included in our learning environment. The theory covers the learning objectives set by DSI and consists of five e-learning courses from The Ministry’s offerings, supplemented with in-depth theory and relevant documents.

The e-learning courses that are part of this programme:

The supplementary theory is divided into four chapters:

  • Financial economic crime
  • Framework for the AML function
  • Relevant documents
  • Compliance

Practice questions

In the learning environment you will find the basic questions from the e-learning courses and a practice exam. The practice questions will give you a good idea of what the real exam will be like.

MemoTrainer

The MemoTrainer is based on the theory of Ebbinghaus, a pioneer in memory research. He argued that regular repetition is crucial to preventing knowledge from fading and created a model that helps to retain information over the long term. This principle is at the heart of the MemoTrainer, which has participants systematically repeat practice questions so that their knowledge gradually becomes embedded in long-term memory.

The review questions are generated daily by MemoTraining for each participant individually. Questions that are answered incorrectly are recalled more quickly than those that are answered correctly. The progress is visible in the knowledge record.
You can set the days you want to practice, whether you want to receive a reminder in your mailbox and the maximum number of questions you want to receive per MemoTraining.

The MemoTrainer contains the basic questions and the training questions. As soon as you complete a series of questions in the learning environment, these questions are added to the MemoTrainer and you can start reviewing them. There are no extra questions in the MemoTrainer.

Examination

This training has an assessment which consists of two parts:

  • A theory exam with closed questions on all DSI theoretical learning objectives to be taken at a test centre;
  • Case studies that you complete during the course.

Diploma

The diploma is awarded on successful completion of the theory exam, evaluation of the first day’s scenarios, active participation in the skills components and completion of an AML risk assessment which is evaluated by the trainer.

You will take the theory exam at one of Lamark’s test centres. The first exam is included in the price of this course. You will find a voucher and instructions in the learning environment. Resits can be booked directly from the learning environment. You pay for these separately.

Why this AML Professional training?

  • Learn the trade in a practical way, from specialists with years of experience in AML and CFT.
  • Special attention to the development of personal skills.
  • Practical learning through case studies.
  • Study the theory at your own pace and at your own time.

Personal advice

Interested in a hands-on training course that your employees will enjoy? Please feel free to contact us for more information about the possibilities.

FAQs

Do you offer tailor-made courses?

We think our courses should have practical relevance for all participants. We are happy to adapt our standard programs, so that they fit in with what is going on in your organization. You can personalize content or create a combination of subjects from different DSI programs. Read more about tour tailor-made solutions.

How can I follow the courses?

Our courses are easily accessible, both online and through the app of aNewSpring. You can study wherever and whenever you want.

Wealso offer ‘blended learning’ programs, in which we combine the benefits of in-class and online learning.

How can I sign up for a course?

The Ministry of Compliance distinguishes between individual registrations and registrations on behalf of an organization. As an individual, you can sign up through the website. Just click the ‘register’ button and you can get started right away.

Organizations that want to register several employees at once can get in touch with us. We will make sure your employees can get started as soon as possible.

What about reporting?

Demonstrable professional competence requires good reporting. That is why you can easily create and export reports within our online learning environment via a free accessible dashboard. As an individual participant you can keep track of your own progress. As an organization you can also appoint a contact person who has insight into the progress reports of the entire group of participants.

Who is behind The Ministry of Compliance?

The Ministry of Compliance is an initiative of Projective Group, specialists in financial laws and regulations. Our courses are developed by experienced consultants, supplemented with knowledge from external experts.

 

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