COREDO > AML Training

AML Training

Practical AML training for staff of financial organisations: EMI, PSP, CASP and banks.

COREDO has been delivering corporate training programmes since 2016 for companies in the EU, the United Kingdom, Canada, Singapore, the UAE, and other jurisdictions, adapting the curriculum to each company’s specific activities, local regulatory requirements and team competency level.

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Cost of the service
from 720 EUR

Regulatory Context: Why AML Training Is an Obligation, Not an Option

The European AML reform package adopted in May 2024 significantly raised the bar for staff training at supervised entities. Regulation (EU) 2024/1624 (AMLR) explicitly requires the management of obliged entities to ensure proper AML/CFT training for all staff involved in implementing anti-money laundering and counter-terrorist financing measures — including agents and distributors. AMLR applies directly from 10 July 2027, but many of its principles are already reflected in existing national legislation.

Directive (EU) 2024/1640 (AMLD6) adds to this requirement: EU member states must promote AML/CFT education and professional development, and regulators must ensure appropriate training for their own personnel. AMLD6 enshrines the principle that knowledge is a prerequisite for fulfilling AML obligations.

In the Czech Republic, the primary act is Act No. 253/2008 Coll. on measures against the legalisation of proceeds of crime and terrorist financing. The Act requires obliged entities to conduct regular training for staff directly involved in AML processes. From 1 February 2025, an additional obligation came into force: registering an AML contact person with the Financial Analytical Unit (FAU) pursuant to Section 22 of Act No. 253/2008 Coll. The designated contact person must hold adequate qualifications in AML compliance and must have completed the relevant training.

Regulators verify not only the existence of internal policies during scheduled and unscheduled inspections, but also whether staff genuinely understand their requirements. Documented AML training with attendance records and certificates is one of the key elements of a compliance evidence base.

AML Training Requirements Beyond the EU

The obligation to provide AML training for staff is enshrined not only in European legislation, but also in the regulatory frameworks of key jurisdictions beyond the EU where COREDO’s clients operate.

United Kingdom. The Money Laundering Regulations 2017 (MLR 2017) require companies regulated by the Financial Conduct Authority (FCA) to provide regular training for staff involved in AML/CFT processes. During inspections, the FCA assesses not only the existence of policies but also the practical understanding staff have of their obligations — this is verified through training logs and certificates.

Canada. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) requires companies registered as Money Services Businesses (MSB) with FINTRAC to maintain a documented training programme. Each employee involved in AML processes must complete training within 30 days of hire, and the organisation must ensure periodic knowledge updates.

Singapore. The Monetary Authority of Singapore (MAS) issues a Notice on Prevention of Money Laundering and Countering the Financing of Terrorism, where staff training is a mandatory component of the AML programme for financial institutions and digital payment token providers.

Dubai and the UAE. Companies obtaining a licence from the Virtual Assets Regulatory Authority (VARA) must include an AML training programme in their compliance framework. VARA reviews training records during registration and periodic reviews.

Switzerland. The Anti-Money Laundering Act (AMLA) and FINMA ordinances require financial intermediaries and SRO members to provide ongoing AML training for their staff.

COREDO adapts the training programme to the requirements of each specific jurisdiction: for UK companies — with emphasis on MLR 2017 and FCA practices; for Canadian MSBs — on PCMLTFA and FINTRAC guidance; for Singapore-based organisations — on MAS requirements.

AML Training Programme from COREDO

COREDO offers a standard corporate training lasting 6 academic hours. The programme is structured in accordance with current EU regulatory requirements and covers the full cycle of practical topics required for compliance teams at financial and crypto organisations.

Module 1. Legal Framework and Regulatory Landscape

overview of key instruments: AMLR 2024/1624, AMLD6 2024/1640, national legislation (Act No. 253/2008 Coll. for the Czech Republic), FATF requirements. Role of the FAU (Czech Republic), EBA and the forthcoming AMLA.

Module 2. Typologies of Money Laundering and Terrorist Financing

current ML/TF schemes, including crypto-asset transactions, business structures with opaque ownership, and high-risk cross-border transactions. Analysis of real cases.

Module 3. Risk-Based Approach (RBA)

building a risk matrix for clients, products and geographies; applying simplified (SDD) and enhanced (EDD) due diligence; criteria for assigning risk categories.

Module 4. Customer Due Diligence (CDD) and KYC/KYB Procedures

practice of identifying and verifying natural and legal persons; working with beneficial ownership structures; identifying PEPs and individuals on sanctions lists; ongoing monitoring of client relationships.

Module 5. Transaction Monitoring and Red Flags

red flags for EMI, PSP and CASP; automated and manual monitoring methods; procedures for documenting and escalating internal suspicions.

Module 6. Submitting Suspicious Transaction Reports

the obligation and procedure for filing an STR; interaction with the FAU; documentation requirements; liability for violations and protection for persons reporting suspicious activity.

Upon completion, each participant receives a certificate of AML training. The organisation receives an attendance log and a set of supporting documentation confirming that staff training requirements have been met.

Who Is AML Training For

AML training is mandatory or strongly recommended for a wide range of organisations listed as obliged entities under AMLR 2024/1624 and AMLD6.

Financial institutions — electronic money institutions (EMI) and payment institutions (PI/PSP) licensed under the EMD2 and PSD2 regimes. For these entities, regular AML training is an integral part of the AML/CFT programme and a requirement during inspections by national regulators: CNB in the Czech Republic, Lietuvos bankas in Lithuania, Finantsinspektsioon in Estonia, KNF in Poland.

Crypto-asset service providers — CASP licensed under MiCA (Regulation (EU) 2023/1114) and companies transitioning from the VASP regime. Under the new regulatory architecture of AMLR and MiCA, CASP must maintain a continuously trained AML team as a condition of licence retention. AML staff training is included in the list of documents reviewed during inspections and during due diligence by correspondent banks.

Companies at the licensing stage — organisations applying for EMI, PSP or CASP licences. Having trained compliance staff is one indicator of “good faith intent” at the application stage and is part of the regulators’ governance requirements.

Banks and credit institutions — supervised directly by AMLA (from 2028, for the largest cross-border groups) and by the national regulator. Annual or more frequent training is standard practice embedded in bank AML programmes.

Fintech start-ups and small compliance teams — companies at the early stage of building an AML framework that require a structured foundation before developing internal policies and procedures.

Companies outside the EU — organisations registered as MSBs in Canada (FINTRAC), FCA-regulated companies in the United Kingdom, MAS licence holders in Singapore, and entities licensed by VARA in Dubai. For each jurisdiction, COREDO designs a training programme reflecting local regulatory requirements and regulator practices.

Training Format and Methodology

COREDO training is delivered in a corporate format — for a specific company’s team, not an open group. This is fundamental to quality: the programme is adapted to the type of activity, geography of operations, competency level and current regulatory risks of the client organisation.

In-person format

delivery of training at the client’s office in Prague or Bratislava with a COREDO expert. Optimal for teams where live discussion and analysis of specific practice cases are important.

Online format

video conference via a secure platform. Allows dispersed teams and remote employees to be covered without additional logistics costs.

The duration of the standard training is 6 academic hours. For requests for an extended course with a detailed review of industry typologies or individual sessions for the MLRO and management, the scope and programme are agreed separately.

Training Process: From Application to Certificate

Preparation and delivery of COREDO AML training takes an average of 7–14 business days from the date the application is submitted.

Preliminary Interview (1–2 Days)

A COREDO manager conducts a brief interview to determine the company’s business activities, jurisdiction, participants’ level of knowledge, and the preferred training format and date.

01

Training Program Preparation (3–5 Days)

A compliance expert develops and agrees on a tailored training program with the client. Additional AML/CFT modules can be included if required.

02

Training Delivery

The training is conducted on the agreed date and includes 6 academic hours of instruction, practical case studies, a Q&A session, and a final assessment.

03

Issuance of Documentation (1–2 Days After Training)

COREDO provides participant certificates, an attendance register, and the training program with the confirmed topics covered.

04

AML Training Costs

Service	Cost
AML Training (standard, 6 hours)	EUR 720 + VAT

The price is calculated for a corporate group. The final price does not depend on the number of participants within a single session. For extended programmes, multi-day courses or individual MLRO training — the cost is calculated on request.

Our Experts

AML training is delivered by COREDO’s specialist team, which has been working in the field of AML/CFT compliance since 2016.

Grigorii Lutcenko

Head of Compliance at COREDO. Has led the AML/CFT practice since December 2020. Specialises in developing AML programmes, risk assessment and training compliance staff at financial and crypto organisations.

Egor Pykalev

Senior Compliance Specialist. Since February 2022 has been involved in the practical delivery of AML projects, including conducting training, assessing CDD processes and supporting regulatory requests.

Frequently Asked Questions

How often should AML training be conducted?

Act No. 253/2008 Coll. and the requirements of AMLR 2024/1624 provide for regularity of training linked to legislative changes and the organisation’s risk level. In practice, the standard adopted for most supervised entities is at least once a year, as well as when hiring new staff involved in AML processes or following significant changes in the regulatory environment.

Is COREDO training suitable for companies outside the Czech Republic?

Yes. The COREDO programme covers both the EU-wide regulatory framework (AMLR, AMLD6, MiCA) and the requirements of jurisdictions beyond the EU. COREDO delivers training for companies in the United Kingdom (MLR 2017 / FCA), Canada (PCMLTFA / FINTRAC), Singapore (MAS), the UAE (VARA) and Switzerland (FINMA). The programme is adapted to local legislation and regulator practices.

What does the company receive after training?

Each participant receives a named certificate of course completion. The organisation receives an attendance log, the training programme with a list of topics, and confirmation of training delivery — documentation required to demonstrate compliance during inspections and due diligence by correspondent banks.

Can training be conducted online?

Yes, training is available in both in-person and online formats. The online format is fully equivalent to the in-person format in terms of content and the documentation package provided.

Is AML training mandatory for CASP under MiCA?

Under the MiCA regime (Regulation (EU) 2023/1114) and AMLR 2024/1624, CASP is a supervised entity and must ensure that staff involved in AML/CFT measures are trained. Documented training is included in the list of documents requested by regulators during licensing and scheduled inspections.

Is knowledge assessment included in the programme?

Yes. The training includes a final test for participants. Results are recorded and may be included in the documentation package at the organisation’s request.

Submit Application

Submit an application — a COREDO manager will contact you within one business day to clarify details and agree on the training programme.