Why AML Training for Small Firms Matters — and What Good Training Looks Like
Anti-money laundering (AML) training isn’t just for large organisations with big compliance teams. Small firms — whether you’re an estate agency, accountancy practice, or company service provider — face the same regulatory requirements and risks. In fact, criminals may deliberately target smaller firms, assuming their controls and knowledge are weaker.
Here’s why AML training is critical for small firms and what effective training should look like.
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Every staff member plays a role - In small firms, staff often wear multiple hats. Everyone involved in client onboarding, transactions, or handling funds needs to understand their AML responsibilities.
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HMRC expects it - HMRC doesn’t lower the bar for smaller firms. In an inspection, they will ask to see evidence of training — when it took place, what it covered, and who received it.
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It protects your business - Strong training helps staff identify suspicious activity and prevent your firm from being used by criminals. It reduces the risk of fines, reputational damage, and regulatory action.
What good AML training looks like
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Tailored to your risks and services - Training should reflect the real risks your firm faces — not generic slides. For example, an estate agency’s training will focus on property transactions, while an accountancy firm will emphasise company structures and client funds.
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Practical and engaging - Staff should learn how to apply CDD and enhanced due diligence (EDD), recognise red flags, and report concerns. Include real-world examples to make it relatable.
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Regularly refreshed - AML training isn’t a one-off task. Provide it at induction and update it at least annually or when risks change — for example, if you take on new types of clients or services.
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Documented - Keep records showing who was trained, when, and what the training covered. This is key evidence in any HMRC inspection.
Final thoughts
For small firms, AML training isn’t a luxury — it’s a vital safeguard. It ensures your team can spot risks and respond effectively. At Reguloop, we provide tailored AML training designed specifically for small firms, helping you stay compliant and confident.