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Finance and Accounting

Anti-Money Laundering (AML) and Compliance Basics

Recognise money laundering and terrorist financing risks, carry out sound customer due diligence, and spot, document and escalate suspicious activity in line with Kenyan and international standards.

Level
Beginner
Format
Written, self-paced
Length
About 6 hours
Lessons
15
Modules
4
Certificate
Yes, verifiable
Last updated
October 2026

About this course

Learn how money laundering and terrorist financing work, what customer due diligence involves, and how to spot and escalate suspicious activity. Useful for staff in banks, SACCOs, fintechs, real estate and other reporting institutions.

Self-paced written course: text lessons, practical exercises, module quizzes and a final project, delivered online. No video and no live tutor.

What you will learn

  • Explain how money laundering, terrorist financing and proliferation financing work and how they differ.
  • Describe the FATF standards and the main parts of Kenya's AML framework, including the role of the Financial Reporting Centre.
  • Carry out customer due diligence, rate customer risk and apply enhanced due diligence to higher-risk customers and PEPs.
  • Identify the beneficial owners of a company by tracing and calculating ownership through several layers.
  • Recognise red flags, review monitoring alerts and sanctions matches, and write clear internal suspicious activity reports.
  • Prepare a documented AML risk assessment with an action plan for a small financial business.

Curriculum

Module 1Understanding Financial Crime4 lessons
  1. 1What Money Laundering Is: Placement, Layering and Integration4 min read Free preview
  2. 2Terrorist Financing and Proliferation Financing Explained4 min read
  3. 3Global Standards and the FATF in Brief4 min read
  4. 4The Kenyan AML Framework and the Role of the Financial Reporting Centre4 min read
  5. QuizModule quiz, 4 questions
Module 2Customer Due Diligence4 lessons
  1. 5Know Your Customer: Identification and Verification4 min read
  2. 6Risk-Based Approach and Customer Risk Rating3 min read
  3. 7Enhanced Due Diligence and Politically Exposed Persons3 min read
  4. 8Beneficial Ownership: Looking Behind Companies3 min read
  5. QuizModule quiz, 4 questions
Module 3Monitoring and Reporting4 lessons
  1. 9Red Flags in Cash, Mobile Money and Trade Transactions3 min read
  2. 10Transaction Monitoring and Alert Review3 min read
  3. 11Escalating and Documenting Suspicious Activity4 min read
  4. 12Sanctions Screening Basics3 min read
  5. QuizModule quiz, 4 questions
Module 4Running a Compliance Function3 lessons
  1. 13Record-Keeping, Training and Internal Controls3 min read
  2. 14Compliance Culture and the Role of the Compliance Officer3 min read
  3. 15Course Project: AML Risk Assessment for a Small Financial Business3 min read
  4. QuizModule quiz, 4 questions

Final project

AML Risk Assessment for a Small Financial Business. A practical brief with ordered steps, what to produce and how to check your own work. You confirm it in your learner area.

Who it is for

  • Staff in banks, SACCOs, microfinance institutions, payment companies and money remitters.
  • People working in real estate, legal, accounting and other businesses with AML obligations.
  • Founders and managers setting up a compliance function in a small financial business.

Not for you if you already work confidently with everything in the curriculum below. Look at the other finance and accounting courses instead.

Requirements

  • No prior compliance experience is needed.
  • Basic familiarity with everyday financial transactions such as bank deposits and mobile money helps.
  • A computer or phone with internet access to check official sources such as the FRC and FATF websites.

What is included

  • 15 written lessons
  • 15 practical exercises
  • 4 module quizzes
  • A final project
  • Certificate of completion with a verification code
  • Lifetime access to what you buy

Questions about this course

What do I need before I start?

No prior compliance experience is needed. Basic familiarity with everyday financial transactions such as bank deposits and mobile money helps. A computer or phone with internet access to check official sources such as the FRC and FATF websites.

What device do I need?

A phone, tablet or computer with a modern web browser and an internet connection. Lessons are written, so they work on slow connections.

How long do I have access?

Lifetime access to the full course or to any module you buy. All Access and Teams give 12 months of access to every course.

Can I get a refund?

Yes: a full refund within 14 days of purchase if you have completed less than 30% of the course (or of the module, for a single module). Read the refund policy.

Should I buy a module or the full course?

A module (USD 10) unlocks that module's lessons and quiz. The full course (USD 39) unlocks everything and leads to the certificate. If you buy modules first, each one you own is credited at USD 10 when you buy the full course.

Which currency will I pay in?

US dollars (USD). Prices include all taxes where applicable. Your bank may apply its own conversion fee. Card payment is being set up with our bank. After you place your order we email you payment instructions within one working day; your access starts as soon as payment is confirmed.

Finance and Accounting learning path

All 16 open courses in this subject for USD 369. Bought separately they cost USD 624, so you save USD 255.

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