In today’s financial and corporate sectors, combating money laundering is a critical responsibility shared by professionals across a range of industries. The QualCert Level 2 Award in Anti-Money Laundering Regulations offers individuals the knowledge and skills needed to recognise and respond to money laundering activities effectively. This qualification is particularly relevant for those working in financial services, legal firms, estate agencies, and other regulated sectors where anti-money laundering (AML) compliance is essential.
The QualCert Level 2 Award in Anti-Money Laundering Regulations is designed to provide learners with a comprehensive understanding of AML principles, procedures, and legal requirements. It serves as an introductory qualification, suitable for both new entrants and those seeking to refresh their existing knowledge.
The QualCert Level 2 Award in Anti-Money Laundering Regulations equips professionals with essential knowledge to meet regulatory expectations and protect their organisations from financial crime. Whether you are starting a new role or looking to strengthen your compliance credentials, this qualification provides a strong foundation in AML principles and practices.
All About QualCert Level 2 Award in Anti-Money Laundering Regulations
Course Overview
The QualCert Level 2 Award in Anti-Money Laundering Regulations is a nationally recognised qualification designed to equip professionals with essential knowledge of money laundering risks, legal frameworks, and compliance procedures. This course provides a solid introduction to the key principles and practices required to detect, prevent, and report suspicious financial activity in line with UK regulations.
Ideal for individuals working in financial services, legal firms, estate agencies, and other regulated sectors, the qualification covers vital topics such as customer due diligence, risk assessment, reporting obligations, and the role of supervisory authorities. Learners gain an in-depth understanding of the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2017, ensuring full alignment with current UK legislation.
Delivered through flexible learning options, the course is accessible for both beginners and professionals seeking to refresh their AML knowledge. Upon successful completion, candidates enhance their compliance credentials, improve career prospects, and contribute to the protection of their organisations from financial crime.
Study Units
- Overview of Anti-Money Laundering
- AML Laws and Regulations
- Know Your Customer (KYC) and CDD
- AML Risk Assessment and Mitigation
To enrol in the QualCert Level 2 Award in Anti-Money Laundering Regulations, candidates must meet the following entry requirements:
- Minimum Age: Learners must be at least 16 years old at the time of registration.
- Educational Background: There are no formal academic prerequisites; however, a basic level of secondary education (GCSE or equivalent) is recommended to support understanding of the course content.
- Work Experience: While prior work experience is not mandatory, the course is particularly beneficial for individuals currently working in or aspiring to enter roles in finance, legal services, estate agencies, or compliance-related fields.
- Language Proficiency: As the course is delivered in English, learners should have a good command of written and spoken English to effectively engage with the learning materials and complete assessments.
These entry requirements ensure the course remains accessible while maintaining a standard that supports successful learning outcomes.
The QualCert Level 2 Award in Anti-Money Laundering Regulations is suitable for a wide range of individuals across various sectors. This course is ideal for:
- Individuals working in financial services, banking, or insurance
- Employees in legal or accountancy firms with regulatory responsibilities
- Estate agents, letting agents, and property professionals
- Company formation agents and trust service providers
- Compliance officers, auditors, and risk management personnel
- New entrants seeking a foundation in anti-money laundering practices
- Professionals aiming to enhance their understanding of UK AML regulations
- Organisations wishing to train staff to meet regulatory requirements
This qualification supports career development and regulatory compliance across all sectors where AML knowledge is essential.
Learning Outcomes
Overview of Anti-Money Laundering
- Understand the concept and purpose of anti-money laundering (AML)
- Identify common methods and stages of money laundering
- Recognise the impact of money laundering on businesses and the economy
- Explain the importance of AML controls in regulated industries
AML Laws and Regulations
- Gain knowledge of key UK legislation, including the Proceeds of Crime Act 2002 and Money Laundering Regulations 2017
- Understand the roles of regulatory and supervisory bodies
- Identify legal obligations for individuals and organisations in relation to AML compliance
- Recognise penalties and consequences of non-compliance with AML laws
Know Your Customer (KYC) and CDD
- Understand the principles and importance of Know Your Customer (KYC) procedures
- Learn how to conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Identify the types of customer information required for verification
- Apply appropriate measures based on customer risk levels
AML Risk Assessment and Mitigation
- Understand the process of conducting an AML risk assessment
- Identify key risk indicators and sources of potential threats
- Learn how to develop and implement effective risk mitigation strategies
- Recognise the importance of ongoing monitoring and internal controls
FAQs QualCert Level 2 Award in Anti-Money Laundering Regulations
