The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training is a foundational qualification designed to equip learners with the essential knowledge and practical skills necessary to understand and implement anti-money laundering (AML) strategies and customer due diligence procedures. As financial institutions and businesses globally face mounting regulatory pressures, the demand for trained professionals in AML compliance and client verification is at an all-time high. This diploma serves as an accessible entry point into the compliance and financial integrity sector.
In today’s increasingly complex financial environment, the threat of money laundering and identity fraud has become a major concern for both public and private sectors. This course provides learners with a structured learning experience to identify suspicious activities, understand relevant legislation, and apply effective verification techniques. The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training ensures learners can recognize risks and comply with legal frameworks to protect their organizations.
The diploma covers key topics such as the origin and flow of illicit funds, the stages of money laundering, risk-based approaches to customer due diligence (CDD), Know Your Customer (KYC) standards, and reporting obligations. Through interactive learning modules and scenario-based training, participants gain both theoretical insights and practical exposure. The curriculum also emphasizes the importance of a culture of compliance and ethical decision-making in financial services.
This qualification is particularly valuable for professionals entering the financial, legal, real estate, or regulatory sectors. It is equally suitable for individuals in support roles who seek to understand how AML policies impact day-to-day operations. The diploma not only strengthens employability but also sets the groundwork for higher-level qualifications and specialized compliance roles.
Ultimately, the LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training empowers learners with the tools to contribute meaningfully to an organization’s AML framework. With this diploma, participants demonstrate their commitment to ethical conduct, regulatory compliance, and financial transparency, reinforcing their value as responsible professionals in the fight against financial crime.
The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training is a short yet comprehensive training program that introduces learners to the regulatory, operational, and investigative dimensions of AML compliance and verification processes. Structured for new entrants and support staff, the course enables participants to build foundational awareness of financial crime prevention practices in both local and global contexts.
Participants will explore real-world AML case studies, learn how to assess customer profiles using KYC principles, and become familiar with the red flags commonly associated with suspicious transactions. In addition, the program covers the essential documentation and reporting protocols that form the backbone of AML operations, helping learners understand when and how to escalate concerns within an organization.
Designed to promote practical skills, the course includes simulated exercises, risk analysis techniques, and compliance checklists that learners can directly apply in their roles. The learning experience is tailored to be engaging and interactive, making it ideal for those with limited prior knowledge of anti-money laundering frameworks.
Upon completion of the diploma, learners will be able to contribute to their organization’s compliance procedures, detect early signs of money laundering activity, and maintain integrity in customer onboarding processes. The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training ultimately lays the groundwork for continuous learning and professional development in AML and financial compliance disciplines.
The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training qualification consists of 6 mandatory units required for completion.
Mandatory Units
| Unit# | Unit Title |
| 1 | Introduction to Money Laundering and Financial Crime |
| 2 | Customer Identification and Verification (CDD & KYC) |
| 3 | Understanding the Financial Crime Risks |
| 4 | Reporting and Record Keeping in AML |
| 5 | Identifying Suspicious Transactions |
| 6 | International AML Laws and Practices |
The LICQual Level 1 Diploma in Anti-Money Laundering and Customer Verification Training is ideal for individuals who are new to AML compliance or wish to build foundational skills in financial crime prevention. This course is suitable for:
- Entry-level professionals seeking a career in compliance, AML, or risk management
- Frontline banking and financial services staff responsible for customer onboarding
- Customer service representatives working in financial institutions or fintech companies
- Back-office operations staff supporting due diligence and verification processes
- Employees in money services businesses (MSBs), including remittance and exchange firms
- Real estate professionals involved in high-value transactions and client vetting
- Insurance agents and brokers who require basic AML awareness
- Legal support staff dealing with client onboarding and KYC documentation
- Professionals working in crypto exchanges and digital asset platforms
- Individuals working in gaming and betting industries requiring AML compliance knowledge
- Company formation agents or trust and company service providers (TCSPs)
- Administrative personnel in law firms handling client records and identity verification
- HR professionals overseeing employee compliance training programs
- Graduates or students interested in a foundational understanding of AML frameworks
- Anyone looking to enhance their resume with a recognized compliance certification
This course serves as an excellent stepping stone toward more advanced qualifications in anti-money laundering, financial compliance, and regulatory risk management.
Upon completing this Course students will be able to:
- Introduction to Money Laundering and Financial Crime:
- Understand the definition and stages of money laundering, including placement, layering, and integration.
- Recognize the different types of financial crimes and their impact on businesses and financial systems.
- Identify the importance of anti-money laundering (AML) efforts in maintaining the integrity of financial institutions.
- Customer Identification and Verification (CDD & KYC):
- Apply Customer Due Diligence (CDD) and Know Your Customer (KYC) processes to verify customer identities and assess risk profiles.
- Implement the necessary steps for collecting, validating, and documenting customer information to ensure regulatory compliance.
- Understand the role of KYC in preventing money laundering and the need for ongoing monitoring of customers.
- Understanding the Financial Crime Risks:
- Analyze the different financial crime risks businesses face and how to identify potential threats.
- Understand the factors that contribute to financial crime and how these risks can be mitigated through appropriate controls and procedures.
- Assess the risk of money laundering activities in various financial sectors and determine suitable responses.
- Reporting and Record Keeping in AML:
- Comprehend the importance of accurate record-keeping and timely reporting of suspicious activities to the relevant authorities.
- Understand the legal obligations related to the retention of AML records and the processes for submitting Suspicious Activity Reports (SARs).
- Apply best practices for ensuring compliance with reporting and record-keeping regulations in financial transactions.
- Identifying Suspicious Transactions:
- Recognize red flags and indicators of suspicious transactions that could signal potential money laundering activities.
- Develop the skills to assess transaction patterns and behaviors that may require further investigation or reporting.
- Understand the role of businesses in monitoring and escalating suspicious activities to prevent financial crimes.
- International AML Laws and Practices:
- Gain an understanding of international anti-money laundering laws and the global standards set by regulatory bodies such as the Financial Action Task Force (FATF).
- Apply international best practices in AML to local compliance efforts.
- Recognize the importance of adhering to international AML guidelines and how global cooperation helps in combating financial crimes.
