AML Training for Wealth Management
Wealth management concentrates every factor that raises money-laundering risk at once: large sums, complex structures, international clients and politically exposed individuals. Enhanced due diligence is the normal state of affairs here, not the exception, and the standard of evidence is correspondingly higher.
Built for firms handling complex wealth
The course assumes your staff already know the basics and spends its time where the exposure is: structures, PEPs, sanctions and the point at which a relationship should be exited.
What the training covers
- Enhanced due diligence in practice: what it adds beyond standard CDD, and how much is enough
- Identifying and handling politically exposed persons, their family members and known close associates
- Unpicking beneficial ownership through trusts, family investment vehicles, holding companies and offshore feeders, via the RBO and its equivalents
- Sanctions screening where the EU, UN and OFAC lists converge, and what a possible match obliges you to do immediately
- Ongoing monitoring, periodic review and the decision to exit a relationship, documented so it stands up later
- Reporting routes that work in practice: FIU Ireland through goAML, and Revenue through ROS
Who it's for: Portfolio managers, client advisers, PCF holders, MLROs, onboarding and compliance staff.
What makes it wealth-specific
MiFID firm obligations
The AML expectations the Central Bank applies specifically to investment firms, discretionary managers and private-client advisory practices.
PEP handling end to end
Identification, approval, ongoing monitoring and the declassification question, with the Central Bank’s expectations throughout.
Sanctions and strict liability
Why good intentions are no defence, how screening should be run, and what a possible match obliges you to do.
Exiting a relationship
How to end a client relationship without tipping off, and how to document the decision so it reads correctly in hindsight.
The wealth management risk picture
The factors most likely to combine into an unmanageable relationship.
Politically exposed persons
Clients who require senior sign-off, enhanced measures and source-of-wealth evidence that genuinely explains the fortune.
Layered structures
Trusts and holding companies stacked across jurisdictions until nobody on the file can name the ultimate beneficial owner.
Sanctions convergence
EU, UN and OFAC listings overlapping across a single client book, where a freeze takes effect the moment a match is confirmed.
Unexplained source of wealth
A fortune whose origin is described but never evidenced, and the gap most often found at review.
The recommended pathway
Five 30-minute courses that together cover what a supervisor expects of this sector. Enrolled from one dashboard, evidenced from one audit export.
Each course ends in a randomised exam rather than a recap slide, and issues a timestamped certificate stating the outline covered. The Harrington Hub tracks completion, chases the stragglers automatically and exports the whole record when you need it.
Investment firms and wealth managers are designated persons under the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010–2021 and are supervised by the Central Bank of Ireland. Staff must be instructed on the law and on recognising suspicious transactions, with records kept. Given the risk profile of the sector, supervisors expect that training to go well beyond the basics.
Whenever the risk is higher than standard: politically exposed persons, high-risk third countries, unusually complex or large transactions, and any situation where the ordinary measures leave a question unanswered. The course works through each trigger and the additional evidence it calls for.
With documentation that explains how the wealth was accumulated, which is a higher bar than showing where one transaction’s funds came from. The course covers the distinction, the evidence that satisfies it for business sales, inheritance, investment returns and property, and what to do when the explanation does not reconcile.
Yes. The courses carry CPD accreditation codes from the LIA and the IOB. Certificates are timestamped and state the hours and course outline, so they serve as evidence rather than a record of attendance.
Get your wealth team audit-ready.
We will show the enhanced due diligence scenarios, the randomised exam and the certificate, with your own team on the dashboard.