#London #United Kingdom #Sumsub #Compliance Training #AML Fundamentals

Sumsub Unveils Free AML Fundamentals Course for Global Professionals

Sumsub, a leading global full-cycle verification platform, has recently rolled out an innovative training program aimed at educating professionals on Anti-Money Laundering (AML) practices. The newly launched AML Fundamentals course is a free and expertly crafted program designed to address the evolving landscape of financial crime and compliance risk management as we approach 2025.

A Training for Professionals Across Industries

The course is meticulously designed for a wide array of professionals involved in regulated sectors, including compliance officers, legal advisors, and senior management. This self-paced program allows participants from anywhere in the world to acquire practical skills through engaging real-life case studies and actionable insights from industry experts.

Sumsub Academy, the company’s educational branch, has partnered with leading AML specialists to develop this comprehensive course. Notable contributors include Denisse Rudich, CEO of Rudich Advisory, and Eleni Panagiotopoulou, AML Head at SOFTSWISS. Their collective expertise ensures that learners will gain robust knowledge relevant to various sectors including financial services, iGaming, and cryptocurrency.

Course Structure and Content

The AML Fundamentals course includes several key modules that cover the essential elements of AML compliance:

1. Foundations of AML: An introduction to global AML, Counter Financing of Terrorism (CFT), and Proliferation Financing (PF) standards to underpin compliance industry practices for 2025 and beyond.
2. Due Diligence and Risk Assessment: This module provides insights into risk-based methodologies for customer verification and review of politically exposed persons (PEPs) and sanctions.
3. Transaction Monitoring: Learn to identify suspicious activities and manage investigations effectively, utilizing both automated systems and human intervention.
4. Case Management: The focus here is on streamlining investigations to minimize false positives while ensuring compliance with reporting requirements.
5. FIU Reports: A detailed guide on how to prepare and submit Suspicious Activity Reports (SAR) and Suspicious Transaction Reports (STR) diligently.
6. Understanding Risks: Investigates unique challenges posed by different industries, notably in fintech and crypto, providing tailored strategies to tackle these sector-specific risks.

Quick and Accessible Training

One of the standout features of Sumsub's AML Fundamentals course is its zero-cost participation, a rarity in the realm of compliance education often priced in the hundreds of dollars. Consequently, the course is an invaluable resource for professionals eager to enhance their skill sets without incurring substantial financial burdens.

As noted by Natalie Buraimoh, Head of AML Product at Sumsub, the initiative stems from years of experience assisting organizations in meeting regulatory expectations. “This course aims to make essential knowledge accessible to all compliance professionals, regardless of their expertise level. It's an opportunity for continuous learning in a field that requires staying ahead of regulatory changes and emerging risks,” she explained.

Register Today

Professionals interested in this free course can easily enroll by visiting the official Sumsub website.

The AML Fundamentals course not only emphasizes theoretical foundations but also hones the practical application of compliance skills in daily work environments. This is part of Sumsub’s broader objective of creating scalable, effective compliance solutions that adapt to the fast-paced financial landscape.

About Sumsub

Sumsub stands out as an innovative platform that promotes compliance through advanced verification methods. By combining identity and business checks with continuous risk management features, Sumsub works to establish a fraud-free environment conducive to business growth. With recognition from leading agencies such as Gartner and serving over 4,000 clients, including well-known names like Vodafone and Duolingo, their mission is firmly rooted in upholding stringent global AML standards while facilitating seamless transactions.