Training and Education

Anti Money Laundering and Counter Terrorism Financing 

Insights into financial crime risks, due diligence and controls within the precious metals market

Overview

This course provides an overview of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) risks in the precious metals market, including key concepts, regulatory expectations and control frameworks.

It covers how financial crime risks may arise across the precious metals supply chain and outlines the due diligence, monitoring and governance measures used to identify and mitigate these risks. The course also considers international standards, including those developed by the Financial Action Task Force (FATF), and how AML/CTF requirements are applied within the context of LBMA Responsible Sourcing.

This course is CPD Accredited.

If you have any questions or require further information, please contact [email protected].

You Will Learn

Key concepts of money laundering and terrorist financing, including the stages of money laundering

Factors which make precious metals vulnerable to financial crime risks

Common indicators of risk in counterparties, transactions and supply chains

The application of due diligence, including KYC and beneficial ownership identification

The role of transaction monitoring in identifying unusual or inconsistent activity

How AML/CTF considerations are incorporated into LBMA Responsible Sourcing requirements

Course Information

This course will cover:

  • Introduction to AML/CTF: definitions, stages of money laundering and regulatory background
  • Risks in precious metals: characteristics of the market, typologies and jurisdictional risk factors
  • Due diligence: counterparty assessment, beneficial ownership and sanctions considerations
  • Supply chain due diligence: origin of material, traceability and risk-based approaches
  • Transaction monitoring: identifying changes in behaviour and assessing risk indicators
  • Governance and controls: policies, procedures, training and reporting frameworks
  • Practical application: scenarios reflecting activities within the precious metals market

PLUS: discussion-based scenarios to support the application of due diligence and risk assessment
 

This course is an ideal way to get up to speed if you:

  • Have exposure to the precious metals supply chain
  • Are a Good Delivery List Refiner or Assurance Provider
  • Work in compliance, risk, audit or operational roles within the bullion market
  • Require an understanding of AML/CTF risks in the context of Responsible Sourcing

Eligibility                                Licence type                                     Fee
LBMA Members                     Individual licence                              £250
LBMA Members                     Package (up to 20 licences)             £1,000
Non-members                        Individual licence                              £375
Non-members                        Package (up to 20 licences)             £1,500

(Prices shown are exclusive of VAT)

Please contact [email protected] to enrol.

This course is CPD Accredited. 

Participants will receive a certificate upon successful completion of the course.