Topic module

Money Laundering

AML purpose and scope, due diligence, suspicion, reporting, direct and non-direct offences, defences and prohibited conduct.

Long-form learning

Concept to Risk to Memory to Check-up

Use closed-book rule anchors, realistic client facts, primary-classification ranges and an ethical decision check across every subject.

Core concepts

Concept 1

Identify whether the work, client, transaction and firm fall within the relevant AML framework and required due diligence.

Exam cue: Move from risk and due diligence to suspicion, report, authority and permitted action.

Concept 2

Recognise facts capable of creating suspicion and distinguish internal reporting, authorised disclosure and consent routes.

Exam cue: Separate professional confidentiality from statutory disclosure obligations.

Concept 3

Apply direct involvement and non-direct involvement offences, knowledge or suspicion elements and statutory defences.

Concept 4

Avoid tipping off, prejudicing an investigation, improper disclosure or continuing work without the required authority.

Risk pitfalls and guardrails

Waiting for proof of crime before considering a suspicion report.

Guardrail: Check the sitting-specific law cutoff and reject any answer that imports an FLK2 rule as the controlling subject.

Telling a client why a transaction is paused where that disclosure may be prohibited.

Guardrail: Check the sitting-specific law cutoff and reject any answer that imports an FLK2 rule as the controlling subject.

Memory anchors

Money Laundering: scope

AML purpose and scope, due diligence, suspicion, reporting, direct and non-direct offences, defences and prohibited conduct.

Money Laundering: focus 1

Identify whether the work, client, transaction and firm fall within the relevant AML framework and required due diligence.

Money Laundering: focus 2

Recognise facts capable of creating suspicion and distinguish internal reporting, authorised disclosure and consent routes.

Money Laundering: focus 3

Apply direct involvement and non-direct involvement offences, knowledge or suspicion elements and statutory defences.

Money Laundering: focus 4

Avoid tipping off, prejudicing an investigation, improper disclosure or continuing work without the required authority.

Checkpoint rule

Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.

Knowledge Check (after reading)

Short check-up to confirm understanding of this module.

1-2 question checkpoint

Next step personalized recommendations

Move forward only after this module is stable.

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