The LICQual Level 3 Certificate in Anti-Money Laundering and Customer Verification Training is a knowledge-focused qualification designed to provide Learners with a clear understanding of anti-money laundering (AML), customer verification, Know Your Customer (KYC), customer due diligence (CDD), and financial crime prevention. The course explores how organisations can identify, assess, and manage risks associated with money laundering, terrorist financing, identity fraud, and other financial crimes.
Learners develop knowledge of key AML principles, customer identification and verification procedures, risk-based approaches, enhanced due diligence, beneficial ownership, suspicious activity indicators, transaction monitoring, record keeping, and compliance responsibilities. The qualification also highlights the importance of accurate customer information, appropriate documentation, confidentiality, and effective internal controls.
This course is relevant to Learners working or seeking career development in banking, finance, insurance, fintech, accounting, real estate, compliance, customer services, and other sectors exposed to financial crime risks. It can help develop professional knowledge for roles involving AML compliance, KYC checks, customer onboarding, risk assessment, and financial crime prevention.
The LICQual Level 3 Certificate provides a structured foundation for further study and professional development in AML compliance, KYC, financial crime prevention, risk management, and regulatory compliance.
This qualification is suitable for Learners who want to develop knowledge of AML, KYC, customer verification, due diligence, and financial crime prevention. No extensive previous experience is required.
Minimum Age
- Learners can be admitted from 18 years .
Educational Background
- A Level 2 qualification or equivalent is recommended.
Experience
- Previous experience in finance, banking, compliance, or customer service is beneficial but not mandatory.
Language
- Basic English reading, writing, and communication skills are recommended.
The course structure covers the key principles of anti-money laundering, customer verification, KYC, due diligence, financial crime prevention, and compliance.
Mandatory Units
- International Anti-Money Laundering Regulations
- Advanced Customer Verification and Identity Management
- Investigating and Reporting Complex Money Laundering Cases
- AML Risk Management and Controls
- Developing Effective AML Policies and Procedures
- Legal Aspects of Money Laundering and AML Compliance
Skills You Will Gain
On successful completion of the LICQual Level 3 Certificate in Anti-Money Laundering and Customer Verification Training, Learners should be able to:
- Develop a clear understanding of anti-money laundering principles and financial crime prevention.
- Identify common money laundering methods, risks, patterns, and potential warning indicators.
- Understand effective Know Your Customer (KYC) and customer identification requirements.
- Apply knowledge of customer verification procedures when reviewing customer information.
- Understand Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) principles.
- Assess customer relationships using appropriate risk-based approaches and procedures.
- Understand beneficial ownership and the importance of verifying ownership information.
- Develop knowledge of source of funds and source of wealth verification requirements.
- Recognise suspicious transactions and activities that may require further investigation.
- Understand transaction monitoring principles and their role in identifying financial crime risks.
- Develop knowledge of internal AML controls, policies, procedures, and compliance responsibilities.
- Understand appropriate approaches to maintaining accurate AML and customer verification records.
- Recognise the importance of confidentiality and secure handling of customer information.
- Understand reporting principles for suspected money laundering and suspicious activities.
- Develop professional knowledge to support effective AML, KYC, and customer compliance processes.
The LICQual Level 3 Certificate in Anti-Money Laundering and Customer Verification Training is suitable for Learners who want to develop knowledge of AML, KYC, customer verification, due diligence, financial crime prevention, and compliance. It is relevant to professionals and Learners working in financial and customer-facing environments where effective verification and risk management are important.
Who Is This Course For
This course is particularly suitable for:
- Banking Professionals involved in customer onboarding, verification, and financial services.
- Compliance Professionals responsible for AML policies, procedures, and regulatory compliance.
- KYC Professionals conducting customer identification and verification checks.
- Financial Services Staff working with customer accounts, transactions, and financial information.
- Risk Management Professionals assessing customer and financial crime risks.
- Accountants and Finance Professionals seeking knowledge of AML and customer due diligence.
- Insurance Professionals involved in customer verification and compliance processes.
- Fintech Professionals working with digital financial services and customer information.
- Real Estate Professionals dealing with customer identification and financial transactions.
- Customer Service and Onboarding Staff responsible for collecting and verifying customer information.
- Learners Starting a Career in AML, KYC, compliance, financial crime prevention, or risk management.
Future Progression
The LICQual Level 3 Certificate in Anti-Money Laundering and Customer Verification Training can support Learners in developing knowledge for further study and career progression in AML compliance, KYC, financial crime prevention, risk management, and regulatory compliance.
- Progress to Level 4 qualifications in compliance, financial crime, risk management, or related areas.
- Pursue further learning in Anti-Money Laundering and Financial Crime Prevention.
- Develop knowledge for roles in AML and KYC Compliance.
- Progress towards responsibilities in Customer Due Diligence and Verification.
- Explore career opportunities in Financial Crime Risk Management.
- Develop expertise in Compliance Monitoring and Regulatory Support.
- Progress into Risk Assessment and Customer Onboarding functions.
- Build knowledge relevant to Banking, Finance, Fintech, Insurance, and Real Estate sectors.
- Support career development in AML Analyst, KYC Analyst, Compliance Assistant, and Financial Crime Support roles.
- Use the qualification as a foundation for continued professional development in AML and regulatory compliance.
Curious About This Course?
