AML training is a requirement under UK regulations and must be undertaken on a regular basis to ensure you and your staff remain up to date with current risks, legislation, and best practice.

In practice, this is typically completed at least annually, with additional training required where there are changes to regulations, your business activities, or your risk profile.

As an IAB supervised member, you are expected to maintain up to date AML knowledge and to be able to evidence that appropriate training has been completed. This includes keeping clear records of training undertaken, dates, and content covered.

AML compliance is not a one off exercise. Regular training ensures you are able to identify risks, apply your policies effectively, and demonstrate that your practice is operating to the required professional and regulatory standard.