Anti-Money-Laundering (AML) training
Also known as: AML training
Anti-money-laundering training, or AML training, teaches employees in banks, financial firms, and other regulated businesses how to spot and prevent money laundering and meet their legal duties. That includes checking who customers are, recognising warning signs, and reporting suspicious activity. Regulators expect this training to be regular and documented, so being able to prove it was done is part of the requirement.
What AML training covers
Typical AML training covers know-your-customer and customer due diligence checks, the warning signs of money laundering and terrorist financing, how to report suspicious activity internally, sanctions screening, and each person's own responsibilities under the rules.
The exact content depends on the role. A front-line staff member and a compliance officer need different depth, which is why assigning the right version to the right people matters.
Who needs AML training
AML rules reach beyond banks. They apply to fintech and payment firms, insurers, investment and accounting firms, real estate agents, and other businesses that handle money or high-value transactions.
In many of these, every relevant employee needs AML training, and specific roles need more detailed training on top.
Why it is required, and how often
AML training is a legal and regulatory requirement in most of Europe, including the Baltics. Regulators expect staff to be trained when they join and refreshed regularly, usually at least once a year, and they expect records that prove it.
Failing to train people, or failing to show that you did, can lead to fines and personal liability for those responsible.
How an LMS delivers and proves AML training
An LMS assigns the right AML course to the right roles, sends reminders, and refreshes the training on schedule. It records every completion and stores the dates, so you always know who is current and who is overdue.
When a regulator or auditor asks, you produce an audit-ready report in one step instead of assembling it from email and spreadsheets.
See Coursy for compliance training
Frequently asked questions
What is AML training?
Training that teaches employees in regulated firms how to spot and prevent money laundering and meet their legal duties, such as customer checks and reporting suspicious activity.
Who needs AML training?
Employees in banks, fintech and payment firms, insurers, investment and accounting firms, real estate agents, and other businesses that handle money or high-value transactions.
Is AML training a legal requirement?
Yes, in most of Europe including the Baltics. Regulators require staff to be trained and refreshed regularly, and they require records that prove it was done.
How often is AML training required?
Usually when an employee joins and at least once a year after that, with more frequent updates when the rules or risks change. An LMS handles the scheduling and reassignment.
What does AML training cover?
Know-your-customer and due diligence checks, warning signs of money laundering, how to report suspicious activity, sanctions screening, and each person's responsibilities under the rules.
How do you prove AML training was completed?
With an LMS that records who completed which course and when, stores the dates, and produces an audit-ready report for regulators or auditors on demand.