AML Training
Explore our big library of quizzes. Test yourself, see your progress, and keep learning with fun and easy questions for everyone.
What Is AML and Why Does It Matter in Banking
Anti-Money Laundering (AML) refers to a framework of laws, internal controls, and monitoring procedures designed to prevent criminals from converting illegal funds into "clean" money.
- Protects institutions from heavy fines and legal penalties
- Maintains reputation and customer trust
- Ensures compliance with national and global regulations
In the banking world, a strong AML program is essential because it:
- Identify suspicious activities and unusual transactions
- Follow internal compliance policies
- Know when and how to report or escalate cases
Follow internal compliance policies:
Consistently taking AML training quizzes helps staff refresh their understanding and apply real-world compliance knowledge effectively.
Core AML Training Topics for Employees
Our AML training quizzes cover common areas of compliance that employees need to master. Topics include:
- Customer Onboarding & KYC: verification of identity and evaluation of risk profiles
- Transaction Monitoring: to identify abnormal cash deposits, layered transfers, or high-risk payments.
- Sanction Screening: This involves checking against global watchlists and restricted entities.
- Suspicious Activity Reporting (SAR): Recognizing Red Flags: when to report and how to report red flags.
All quiz questions are based on practical compliance steps, not memorization, that support thinking through the application of AML concepts in real life.
FATF Guidelines Explained Simply
The FATF develops universal AML standards for banks and regulators globally.
Our quizzes break these complex recommendations down into easy, scenario-based learning. You'll learn:
- How risk-based approaches are applied in daily banking
- Why EDD is necessary with respect to high-risk customers
- How local AML rules connect back to FATF's global framework
Understanding these links builds stronger awareness of both international expectations and local compliance obligations.
KYC vs. AML — Understanding the Difference
While many professionals will use KYC and AML interchangeably to mean the same thing, KYC and AML serve very distinct purposes.
| Aspect | KYC | AML |
|---|---|---|
| Focus | Identifying a customer | Monitoring, detection & reporting |
| Purpose | Profile risk of the customer | Prevent money laundering & terrorism financing |
| Process | During onboarding and documentation | Monitoring and compliance checks are ongoing. |
The specialized quiz sections will allow you to contrast KYC vs. AML through examples and case studies, and give you some idea of how strong KYC serves as the first line of defense in a robust AML program.
AML Certification Programs & Practice Support
If you are looking to develop your career in the compliance or risk management field, our platform will help you to prepare for recognized AML certification programs with:
- Timed quizzes to emulate an exam-style experience
- Progressively increasing difficulty questions to promote your learning
- Case studies based on scenarios you are likely to experience when working in compliance
Case studies based on scenarios you are likely to experience when working in compliance Practicing consistently in this way will increase your confidence, develop your analytical thinking skills, and prepare you for external exams or internal compliance audits.