The LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training is a professionally structured qualification tailored for individuals aiming to build on foundational AML knowledge and enhance their expertise in regulatory compliance and risk mitigation. This diploma addresses the growing need for skilled professionals who can identify, assess, and respond effectively to money laundering threats and customer risk factors within various financial and non-financial sectors.
This course delves deeper into the practical applications of AML compliance programs, customer verification frameworks, and legal responsibilities in line with international best practices. It is designed for professionals who have a basic understanding of AML and are looking to expand their knowledge to perform more complex compliance tasks, including risk assessments, enhanced due diligence, and internal reporting mechanisms.
Participants will explore the intricate details of global AML regulations, industry-specific obligations, and real-world implementation strategies. Emphasis is placed on understanding the methods used by criminals to launder funds, the role of digital identity verification, and the importance of maintaining audit-ready documentation. The course content also covers emerging trends such as AML risks in fintech and virtual assets.
The LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training promotes critical thinking and professional judgment by presenting learners with case studies, risk-based scenarios, and compliance challenges faced by institutions. It also provides tools and techniques for ensuring robust due diligence and customer onboarding in accordance with evolving regulatory demands.
By completing this diploma, professionals not only strengthen their compliance credentials but also enhance their ability to proactively protect institutions from legal, financial, and reputational risks. The course serves as a vital stepping stone for compliance analysts, risk officers, and managers seeking to transition into more strategic roles within AML and fraud prevention frameworks.
The LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training offers an intermediate-level curriculum that balances technical knowledge with practical compliance skills. Structured into six mandatory units, the course builds a comprehensive understanding of how financial crime prevention systems operate and the responsibilities of employees within these frameworks.
Unlike introductory-level training, this diploma equips learners with hands-on expertise in managing customer risk profiles, conducting enhanced due diligence (EDD), and adhering to national and international AML obligations. Learners will be guided on how to implement internal controls, manage suspicious activity reports (SARs), and integrate risk-based approaches in daily operations.
The course is designed for professionals working in banking, insurance, legal, real estate, and emerging financial sectors who face the challenge of rapidly changing AML legislation and technology-driven financial crime. Special attention is given to the operational side of customer verification, including automated KYC systems, digital onboarding, and transaction monitoring tools.
Upon completion of the LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training, learners will possess the competence to contribute actively to their organization’s AML strategies and compliance programs. The qualification not only enhances professional development but also positions participants for advanced-level AML certifications and leadership roles in risk and compliance.
The LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training qualification consists of 6 mandatory units required for completion.
Mandatory Units
| Unit# | Unit Title |
| 1 | International and National AML Frameworks |
| 2 | Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) |
| 3 | Investigating Money Laundering and Financial Crime |
| 4 | Developing Anti-Money Laundering Policies |
| 5 | Risk Assessment and Control in AML |
| 6 | Managing AML Compliance and Auditing |
The LICQual Level 2 Diploma in Anti-Money Laundering and Customer Verification Training is ideal for individuals who have a foundational understanding of AML principles and wish to develop more advanced compliance and verification skills. This course is suitable for:
- Compliance officers seeking to strengthen their practical AML knowledge
- KYC analysts responsible for reviewing complex customer profiles
- Risk management professionals handling due diligence processes
- Banking and financial service staff in mid-level or supervisory roles
- Legal professionals engaged in regulatory advisory or onboarding procedures
- Insurance sector personnel managing client verification and fraud prevention
- Real estate agents and brokers handling high-value transactions
- Cryptocurrency platform operators managing digital identity checks
- AML analysts working in fintech, regtech, or digital banking environments
- Government and law enforcement personnel in financial crime units
- Audit and assurance professionals assessing AML controls
- Company secretaries and corporate governance advisors
- Professionals transitioning into compliance from customer service or operations
- HR managers overseeing internal AML training and policies
- Individuals preparing for advanced AML or financial compliance qualifications
This course is particularly relevant for those aiming to take on enhanced responsibilities in AML frameworks, compliance strategy, or risk-based customer verification roles.
Upon completing this Course students will be able to:
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.
