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AML and Tax Accounting


Follow your dreams by enrolling on the AML and Tax Accounting course today and develop the experience, skills and knowledge you need to enhance your professional development. AML and Tax Accounting will help you arm yourself with the qualities you need to work towards your dream job. Study the AML and Tax Accounting training course online with Janets through our online learning platform and take the first steps towards a successful long-term career. The AML and Tax Accounting course will allow you to enhance your CV, impress potential employers, and stand out from the crowd. This AML and Tax Accounting course consists of a number of easy to digest, in-depth modules, designed to provide you with a detailed, expert level of knowledge. Study the AML and Tax Accounting course through a mixture of instructional video lessons and online study materials. Receive online tutor support as you study the AML and Tax Accounting course, to ensure you are supported every step of the way. Get a free e-certificate as proof of your AML and Tax Accounting course completion. Janets is one of the top online training course providers in the UK, and we want to make education accessible to everyone! Learn the essential skills you need to succeed and build a better future for yourself with the AML and Tax Accounting course. The AML and Tax Accounting course is designed by industry experts and is tailored to help you learn new skills with ease. The AML and Tax Accounting is incredibly great value and allows you to study at your own pace. With full course access for one year, you can complete the AML and Tax Accounting when it suits you. Access the AML and Tax Accounting course modules from any internet-enabled device, including computers, tablets, and smartphones. The AML and Tax Accounting course is designed to increase your employability and equip you with everything you need to be a success. Enrol on the AML and Tax Accounting now and start learning instantly! What You Get Out Of Studying AML and Tax Accounting With Janets Free PDF certificate upon successful completion of the AML and Tax Accounting Full one-year access to AML and Tax Accounting Course materials Instant assessment results with the AML and Tax Accounting No hidden fees with the AML and Tax Accounting Full tutor support available from Monday to Friday with the AML and Tax Accounting Study the AML and Tax Accounting at your own pace Benefit from instant feedback through mock exams and multiple-choice assessments Gain a complete understanding of AML and Tax Accounting Accessible, informative modules taught by expert instructors Get 24/7 help or advice from our email and live chat teams with the AML and Tax Accounting Study the AML and Tax Accounting in your own time through your computer, tablet or mobile device Improve your chance of gaining professional skills and better earning potential by completing the AML and Tax Accounting

SKU: 296868 Category:


Accounting and finance_Compliance_AML


The AML and Tax Accounting training course is delivered through Janets’ online learning platform. Access the AML and Tax Accounting content from any internet-enabled device whenever or wherever you want to. The AML and Tax Accounting course has no formal teaching deadlines, meaning you are free to complete the course at your own pace.

AML and Tax Accounting Course Curriculum:

***Certified Anti Money Laundering Specialist (CAMS)***

Module 01: Introduction to Money Laundering

  • What Is Money Laundering?
  • Turning “Bad” Money into “Legitimate” Money
  • Money Laundering All Around Us
  • How Money Is Laundered
  • Why AML Efforts Are Important
  • The Three Stages of Money Laundering
  • Placement
  • Layering
  • Integration
  • Who Launders Money

Module 02: Proceeds of Crime Act 2002

  • Introduction
  • The Principal Offences Contained in Part 7 of POCA 2002
  • The Concealing Offence
  • The Arranging Offence
  • The Acquisition, Use and Possession Offence
  • The Notion of Criminal Property
  • Elements of Criminal Property
  • The Concept of Knowledge
  • The Notion of Suspicion
  • Definition for Suspicion
  • Suspicion Means the Possibility
  • Suspicion Must Be Based on Specific Facts

Module 03: Development of Anti-Money Laundering Regulation

  • Introduction
  • The First Money Laundering Directive
  • Terrorism legislation
  • The Proceeds of Crime Act 2002 and Serious Organised Crime and money laundering offences under the Police Act 2005
  • The Second Money Laundering Directive
  • The Third Money Laundering Directive
  • The Fourth Money Laundering Directive
  • The Fifth Money Laundering Directive

Module 04: Responsibility of the Money Laundering Reporting Officer

  • What Is A Money Laundering Reporting Officer?
  • Who Can be Appointed as an MLRO?
  • The Role of The Money Laundering Reporting Officer
  • The Safe Harbour and its Limitations
  • Matrix Management
  • What is an MLRO’s Internal Reporting Procedure?
  • What is Contained in the MLRO’s Annual Report?

Module 05: Risk-based Approach

  • Introduction
  • What Is a Risk-Based Approach (RBA)?
  • A Risk-Based Approach to Customer Due Diligence (CDD)
  • How to Assess the Risk Profile of The Entity
  • Client Demographic
  • Services and Areas of Law
  • How to Assess Client Risk
  • Conducting the Client Risk Assessment
  • Country/Geographic Risk
  • Client Risk
  • Variables Impacting Upon Risk

Module 06: Customer Due Diligence

  • What is Customer Due Diligence?
  • Main Elements of a Customer Due Diligence Program
  • Enhanced Due Diligence
  • Enhanced Due Diligence for Higher-Risk Customers
  • Account Opening, Customer Identification and Verification
  • Consolidated Customer Due Diligence
  • Summary

Module 07: Record Keeping

  • The Purpose of Record-Keeping
  • What Records Have to be Kept?
  • Customer Identification
  • Transactions
  • Internal And External Reports
  • In What Form Should Records be Kept?
  • Failure to Keep Records
  • Summary

Module 08: Suspicious Conduct and Transactions

  • What is Suspicious Activity?
  • What Is a Suspicious Transaction?
  • Avoiding a National Reporting or Record-Keeping Requirement
  • Wire or Fund Transfers
  • Insufficient or Suspicious Information by a Customer
  • Other Suspicious Customer Activity
  • The Identification of Unusual Transactions
  • The Types of Events That Might Cause Suspicion
  • Summary

Module 09: Awareness and Training

  • The Importance of Staff Awareness and Training
  • The Core Obligations of Training
  • Legal and Regulatory Obligations
  • Staff Responsibilities
  • Senior Management
  • Staff
  • Internal Training Procedures
  • Training Methods and Assessment

**Tax Accounting**

Module 01: Tax System and Administration in the UK

  • What is Tax?
  • Origin & History of Taxation
  • The Economic Function of Taxation
  • The Social Justice Purpose of Taxation
  • Different Types of Taxes
  • Principal Sources of Revenue Law and Practice
  • HMRC and Its Function
  • Tax Avoidance and Tax Evasion

Module 02: Tax on Individuals

  • Individual Taxes in the United Kingdom
  • Personal income tax rates
  • The remittance basis of taxation
  • Taxation of children
  • Your Rights and Obligations as an Employee and as a Self-Employed Individual

Module 03: National Insurance

  • Overview
  • National Insurance Classes
  • The Amount of National Insurance Payment
  • Importance of National Insurance
  • Tax Codes, Rates and Allowances
  • Topics moved to the next module

Module 04: How to Submit a Self-Assessment Tax Return

  • Overview
  • Who must Send a Tax Return
  • Registering and Sending a Return
  • Deadlines
  • Penalties
  • Changing a Tax Return
  • Returns for Someone Who has Died

Module 05: Fundamentals of Income Tax

  • Overview of Income Tax
  • The Taxable Income Statement
  • Personal Allowance
  • Computation of Income Tax Liability
  • Computation of Income Tax Payable

Module 06: Payee, Payroll and Wages

  • What is the Pay As You Earn (PAYE) System
  • Use of Tax Codes to Deduct Tax Under PAYE
  • Emergency Tax Codes
  • Notice of Coding
  • Paying HMRC Debts with PAYE
  • Your Responsibilities while running a Payroll
  • Payslip and Reporting to HMRC
  • What is the PAYE Settlement Agreement

Module 07: Value Added Tax

  • Introduction to Value Added Tax
  • VAT Registration
  • Accounting for VAT
  • Schemes for Small Businesses
  • Import and Exports
  • VAT Penalties

Module 08: Corporation Tax

  • Introduction to Corporation Tax
  • The Statement of Taxable Total Profits
  • The Corporation Tax Liability

Module 09: Double Entry Accounting

  • Basic Terminology
  • Debits and Credits
  • Double-Entry System
  • The Fundamental Accounting Equation and Its Role in Accounting

Module 10: Management Accounting and Financial Analysis

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Statement of Owner’s Equity

Module 11: Career as a Tax Accountant in the UK

  • Responsibilities
  • Salary
  • Working Hours
  • What to Expect
  • Qualifications
  • Skills
  • Work Experience
  • Employers
  • Career Prospects

Method of Assessment

To successfully complete the AML and Tax Accounting course, students will have to take an automated multiple-choice exam. This exam will be online and you will need to score 60% or above to pass the AML and Tax Accounting course. After successfully passing the AML and Tax Accounting course exam, you will be able to apply for a CPD-accredited certificate as proof of your AML and Tax Accounting qualification.


All students who successfully complete the AML and Tax Accounting course can instantly download their free e-certificate. You can also purchase a hard copy of the AML and Tax Accounting course certificate, which will be delivered by post for £9.99.