AML & Fraud Fundamentals
Course goal — Teach how financial systems detect, prevent, and respond to money laundering and fraud. Level — Associate · Duration — ~6–8 hours · Format — Lessons + labs + final project
Who this is for
- Compliance officers and AML analysts
- Fraud investigators and risk teams
- Fintech operations and onboarding teams
- Developers building transaction monitoring systems
- Students entering AML, fraud, or RegTech fields
Modules
- Introduction to AML and financial crime
- AML lifecycle: KYC → monitoring → investigation → reporting
- Sanctions, PEP, and adverse media screening
- Fraud typologies (ATO, mule accounts, synthetic fraud, scams)
- Transaction monitoring and behavioral detection
- Risk scoring and alert generation
- Case management and investigation workflows
- Suspicious Activity Reports (SAR) and regulatory obligations
Hands-on labs
- Screen a customer against sanctions and PEP lists
- Analyze transaction patterns for suspicious behavior
- Flag potential mule account activity
- Create an AML alert and risk score
- Build a simple case investigation workflow
Final project
Design an AML monitoring workflow for a fintech wallet, including:
- Customer onboarding risk scoring
- Transaction monitoring rules
- Alert generation logic
- Case management flow
- SAR / reporting output
Knowledge check
A 25-question quiz covering AML lifecycle, fraud typologies, screening, and monitoring. Passing score 75% unlocks the course-completion badge.
Outcomes
- Explain how AML systems detect and prevent financial crime
- Identify common fraud patterns in real-world systems
- Design basic transaction monitoring and alert rules
- Understand regulatory reporting obligations
- Apply risk-based approaches to compliance
Prepares you for
- Wardya Certified Associate: Identity & AML Foundations
- Wardya Certified Professional: Compliance Operations
- Wardya Certified Professional: Fraud Intelligence