Course level: Level 2 - Introductory
The ICA Certificate in Anti Money Laundering (Insurance) provides insurance professionals with practical, sector-specific knowledge of anti-money laundering and financial crime risks across life, general insurance, reinsurance and intermediary arrangements. The course develops understanding of relevant international and national regulatory requirements, while equipping participants to identify AML red flags in customer behaviour, payment patterns and third-party involvement, understand reporting and escalation obligations, and recognise the links between money laundering, sanctions and insurance fraud. It also reinforces the role of professionals across underwriting, claims, customer service and intermediary management in supporting an effective compliance culture.
This ICA Certificate is designed for professionals working across the insurance sector who need a solid foundation in AML — whether they encounter financial crime risk directly or as part of their wider compliance responsibilities. It is particularly suited to:
- Compliance and Risk Officers and Analysts
- AML, KYC and CDD Officers and Analysts
- Fraud Analysts and Investigators
- Underwriters
- Claims and loss adjuster professionals
- Broker Executive and Relationship Managers
- Money laundering fundamentals - Understand what money laundering is, how it works, the three-stage model, and the role of the insurance sector within the wider AML ecosystem.
- Terrorist financing, proliferation financing and sanctions - Explore how these threats operate, how insurance products can be exploited, and the key sanctions regimes you need to understand.
- International AML frameworks - From the UN and FATF to EU Directives and national legislation, gain clarity on the global and UK regulatory landscape and what it means for insurance firms.
- Vulnerabilities across financial services and insurance - Examine how the insurance sector is specifically exploited, across life, general, reinsurance, and intermediary arrangements, and what makes it attractive to money launderers.
- Risk-based approach and customer due diligence - Develop your understanding of CDD in insurance contexts, including underwriting, policy administration, and claims management, and know when to apply simplified or enhanced due diligence.
- Suspicious activity detection and reporting - Recognise the red flags specific to insurance, understand your legal obligations to report, and know how to handle tipping-off risks.
- AML programme management and compliance culture - Understand board and senior management obligations, AML policies and procedures, and how to build AML awareness across insurance distribution networks.
- Study in your own time and at your own pace
- Course can be completed in as little as 4 weeks but you will have access for up to 3 months
- Assessed by a 1 hour online multiple-choice exam
- Your results are available immediately
- Downloadable certificate to demonstrate your achievement
We have full syllabi available for all of our qualifications. Click here to download a syllabus for this course
In order to study for an ICA qualification, you will need to become a member of ICA. If you're not currently a member of the ICA, you will be required to register as an ICA student member.
Whether you are just starting out in your career, already hold an ICA qualification or are an experienced practitioner, there is a level appropriate for you and this will be activated at the same time as your course commences.
US$ 1030
Course fees stated exclude VAT or local tax where applicable
These fees include a downloadable certificate which you are able to print. Should you require a hard copy posted, there is a fee of £50 plus VAT if applicable.
Membership Fee: $260* (Student membership)
*Payable unless you are already an ICA Member.
ICA qualifications, where stated, are awarded in association with Alliance Manchester Business School, the University of Manchester.
