Introduction to Anti-Money Laundering – Nigeria
Description
Course Overview
Introduction to Anti-Money Laundering equips learners with essential knowledge for recognising financial crime risks and supporting effective compliance within organisations. The course explains money laundering, its stages, common methods, terrorist financing, and wider economic impacts while introducing the Nigerian legal framework and international standards that shape Anti-Money Laundering responsibilities.
Learners explore Know Your Customer procedures, customer verification, risk assessment, enhanced due diligence, beneficial ownership, and politically exposed persons. They also examine money laundering red flags, suspicious transaction patterns, high-risk customers, transaction monitoring, and unusual financial behaviour.
The course covers suspicious transaction reporting, Nigerian Financial Intelligence Unit requirements, record keeping, confidentiality, internal escalation, and tipping-off risks. Learners also develop knowledge of risk-based controls, compliance monitoring, employee awareness, and organisational measures for maintaining effective AML compliance.
Key Topics Included
- Money laundering methods, stages, and terrorist financing
- Nigerian Anti-Money Laundering laws and regulatory requirements
- Know Your Customer, due diligence, and customer verification
- Beneficial ownership, politically exposed persons, and risk assessment
- Suspicious activities, transaction monitoring, and AML red flags
- Regulatory reporting, record keeping, internal controls, and compliance monitoring
Entry Requirements
No previous Anti-Money Laundering qualification or compliance experience is required. Basic business, financial, or administrative knowledge may be beneficial but is not mandatory. Learners should have an interest in financial crime prevention, compliance, banking, finance, or corporate governance.
Who is This Course For
This course is suitable for compliance staff, banking and finance professionals, accountants, auditors, legal professionals, business owners, administrators, and employees with financial crime prevention responsibilities. It is also ideal for beginners seeking foundational Anti-Money Laundering knowledge before pursuing roles in AML, KYC, compliance, risk, or financial services.
Course Curriculum
Frequently Asked Questions
The course is suitable for beginners and professionals seeking knowledge of Anti-Money Laundering controls and financial crime prevention. No previous AML qualification is required, making it accessible to learners entering banking, compliance, finance, risk, or related fields.
You will learn how to identify money laundering red flags, assess customer risk, apply KYC principles, recognise suspicious transactions, and support due diligence processes. You will also develop knowledge of reporting procedures, record keeping, internal controls, and risk-based AML measures.
Yes. The course develops foundational knowledge relevant to AML, KYC, compliance, financial crime, banking, auditing, and risk-related roles. It can also strengthen the compliance capabilities of professionals working with customers, transactions, financial records, or regulated business activities.
Yes. Learners who successfully complete the course will receive a certificate of completion. This can demonstrate your commitment to developing knowledge and skills in Anti-Money Laundering.
Yes. The curriculum covers Nigeria's AML legal framework, relevant money laundering and terrorism prevention legislation, regulatory authorities, and organisational compliance obligations. It also addresses Nigerian Financial Intelligence Unit reporting, suspicious transaction reporting, record keeping, confidentiality, and internal escalation.