Boost Your Career with LICQual Level 2 Diploma in AML & KYC Training
The LICQual Level 2 Diploma in Anti-Money Laundering (AML) and Customer Verification Training is an advanced qualification designed to deepen professional expertise in financial crime prevention and regulatory compliance. Building on foundational knowledge, this program equips learners with a comprehensive understanding of AML principles, customer due diligence (CDD), and risk management strategies essential for today’s complex financial environment.
As financial crimes become increasingly sophisticated, organizations must ensure their staff are well-trained to detect, prevent, and report suspicious activities. This diploma provides in-depth coverage of global AML regulations, Know Your Customer (KYC) procedures, and enhanced verification techniques. Learners gain practical insights into compliance frameworks, reporting obligations, and ethical practices that safeguard businesses against reputational and financial risks.
Tailored for professionals in banking, finance, insurance, and other regulated industries, the LICQual Level 2 Diploma strengthens career prospects by preparing participants for roles such as compliance officer, AML analyst, or risk management specialist. With its industry-relevant curriculum and internationally recognized certification, this program is a valuable step toward mastering compliance and contributing to organizational integrity.
All About LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training
Course Overview
The LICQual Level 2 Diploma in Anti-Money Laundering (AML) and Customer Verification Training is an advanced qualification designed to strengthen professional expertise in compliance and financial crime prevention. The program consists of 6 units, carrying a total of 36 credits, with 120 Guided Learning Hours (GLH), offering a comprehensive and structured pathway for learners to master AML practices.
This diploma builds upon foundational knowledge, introducing more complex concepts such as enhanced due diligence, advanced KYC procedures, and risk-based approaches to customer verification. Learners will explore global AML regulations, reporting obligations, and ethical frameworks that ensure organizations remain compliant with international standards. Each unit is carefully designed to provide both theoretical understanding and practical application, preparing learners to handle real-world compliance challenges.
By completing this qualification, participants gain a recognized credential that enhances career opportunities in banking, finance, insurance, and other regulated industries. It is particularly valuable for professionals aspiring to roles such as compliance officer, AML analyst, or risk management specialist, making it a crucial step toward career advancement in the field of financial crime prevention.
Entry Requirements
Age Requirement: Applicants should generally be 16 years or older, ensuring they have the maturity to engage with compliance and financial crime prevention topics.
Educational Background: A prior qualification such as the LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification or an equivalent certificate in compliance, risk management, or financial services is recommended. This ensures learners have the foundational knowledge needed to progress to advanced concepts.
Language Proficiency: Since the course is delivered in English, learners should demonstrate adequate proficiency in reading, writing, and comprehension to successfully complete assignments and assessments.
Work Experience (Optional): While not mandatory, prior exposure to banking, finance, or compliance-related roles can be beneficial for understanding practical applications of AML and KYC procedures.
Ideal Learner
LICQual Level 2 Diploma in Anti-Money Laundering (AML) and Customer Verification Training is someone who is motivated to advance their career in compliance and financial crime prevention, with a strong interest in regulatory frameworks and ethical business practices.
- Individuals aged 16 years or older with the maturity to engage in advanced compliance studies.
- Learners who have completed the LICQual Level 1 Diploma in AML and Customer Verification or an equivalent qualification in compliance, risk management, or financial services.
- Professionals working in banking, insurance, or financial institutions who want to strengthen their AML and KYC expertise.
- Compliance officers, AML analysts, or risk management staff seeking career progression and internationally recognized credentials.
- Students or graduates in business, finance, or law who want to specialize in financial crime prevention.
- Individuals with strong analytical and problem-solving skills, eager to apply theory to real-world compliance challenges.
- Learners with good English language proficiency to understand course materials and complete assessments effectively.
Study Units
- International and National AML Frameworks
- Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Investigating Money Laundering and Financial Crime
- Developing Anti-Money Laundering Policie
- Risk Assessment and Control in AML
- Managing AML Compliance and Auditing
Learning Outcomes
International and National AML Frameworks:
- Understand the key components of both international and national anti-money laundering (AML) frameworks.
- Evaluate the role of global organizations, such as the Financial Action Task Force (FATF), in shaping AML laws and regulations.
- Apply international AML standards to local compliance programs and stay updated on evolving regulatory requirements.
Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD):
- Implement effective Customer Due Diligence (CDD) processes to assess customer risk profiles and ensure regulatory compliance.
- Understand and apply Enhanced Due Diligence (EDD) measures for high-risk customers, including Politically Exposed Persons (PEPs).
- Develop a comprehensive understanding of the KYC (Know Your Customer) process and its importance in preventing financial crime.
Investigating Money Laundering and Financial Crime:
- Identify and investigate potential money laundering activities using appropriate techniques and red flags.
- Develop skills to conduct in-depth investigations into suspicious activities and compile evidence for reporting purposes.
- Understand how to prepare and submit Suspicious Activity Reports (SARs) and follow regulatory procedures.
Developing Anti-Money Laundering Policies:
- Design and implement effective AML policies that align with both international regulations and the unique needs of an organization.
- Ensure that policies address key risk areas, such as customer verification, monitoring, and reporting.
- Promote a culture of compliance within the organization through clear and actionable AML policies.
Risk Assessment and Control in AML:
- Conduct comprehensive risk assessments to identify potential vulnerabilities to money laundering and financial crime.
- Develop strategies to mitigate AML risks and implement effective internal controls to prevent illicit activities.
- Monitor and evaluate the effectiveness of AML risk management controls within the organization.
Managing AML Compliance and Auditing:
- Understand how to manage AML compliance programs and ensure that all regulatory requirements are met.
- Conduct internal audits of AML programs to assess their effectiveness and identify areas for improvement.
- Develop and implement an AML compliance framework that ensures ongoing adherence to legal and regulatory standards.
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