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Canada AML & Counter-Terrorist Financing training

Eight microlessons on anti-money laundering for Canada, from customer due diligence to FINTRAC reporting under the PCMLTFA, with situational tests and a certificate of completion.

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Anti-Money Laundering and Counter-Terrorist Financing (Canada) course preview
8Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

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  • 3Assessments
  • 8Microlessons
  • IncludedCertificate of completion
About this course

What the Canada AML & Counter-Terrorist Financing course covers

This course covers anti-money laundering and counter-terrorist financing for Canada in eight microlessons. Six lessons cover the essentials: the stages of money laundering, customer due diligence and KYC, red flags, reporting suspicious activity, roles and responsibilities and AML culture. Two more cover the Canadian framework under the PCMLTFA, FINTRAC's reporting and compliance functions, and how Canadian obligations work in practice. Three situational tests check understanding.

Learning outcomes

What your people will be able to do

  • Describe the three stages of money laundering and their social impact
  • Apply risk-based CDD and KYC procedures, including beneficial ownership verification
  • Recognize the transactional, documentation and behavioral red flags of suspicious activity
  • Prepare and file FINTRAC reports on time, including large cash, electronic funds transfer, suspicious transaction and terrorist property reports
  • Report suspicious activity through secure internal channels while keeping it confidential
  • Apply organizational AML controls, training and record keeping to meet PCMLTFA obligations
Course contents

8 microlessons

Each microlesson is a short, TikTok-style video lesson, with knowledge checks along the way.

1What Is Money Laundering and Why It Matters
2Customer Due Diligence (CDD) and Know Your Customer (KYC)
3Recognising Red Flags of Money Laundering
4Reporting Suspicious Activity
5AML Roles, Responsibilities and Consequences
6Building an AML Culture
7The Canadian AML Framework: FINTRAC and the PCMLTFA
8Canadian AML Obligations in Practice

  1. What Is Money Laundering and Why It Matters: What money laundering is, how its three stages work and why it matters to society.
  2. Customer Due Diligence (CDD) and Know Your Customer (KYC): Risk levels, the due diligence each one needs and the difference between source of funds and source of wealth.
  3. Recognising Red Flags of Money Laundering: The transactional, documentation and behavioral warning signs, and when enhanced checks apply.
  4. Reporting Suspicious Activity: Your legal duty to report, the signs to look for and the right way to escalate a concern.
  5. AML Roles, Responsibilities and Consequences: Individual AML responsibilities, the roles at each level of the organization and the cost of getting it wrong.
  6. Building an AML Culture: Why continuous training, good resources and visible leadership make AML part of everyday work.
  7. The Canadian AML Framework: FINTRAC and the PCMLTFA: PCMLTFA reporting duties, FINTRAC's functions and the mandatory report types and records.
  8. Canadian AML Obligations in Practice: Customer identification, beneficial ownership, higher-risk customers, third-party determination and Bill C-12.
A 5Mins certificate of completion for Anti-Money Laundering and Counter-Terrorist Financing (Canada), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson and complete the assessments. 5Mins then issues a certificate of completion for Anti-Money Laundering and Counter-Terrorist Financing (Canada).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Employees of Canadian banks, payment firms, fintechs and other reporting entities
  • Compliance, risk and operations teams who need a shared baseline on Canadian AML rules
  • Managers who are accountable for how their teams spot and escalate concerns
  • New joiners who need AML training in their first weeks

Laws covered

  • Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Canada's AML and CTF law, which sets reporting, customer identification, beneficial ownership and record-keeping duties.
  • FINTRAC. Canada's financial intelligence unit and AML supervisor, which receives mandatory reports and checks compliance. The course also covers Bill C-12 enforcement changes.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
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ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
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ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
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ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
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★ Free sample lesson

See 5Mins in action with a free sample lesson

Interested in Canada AML & Counter-Terrorist Financing training? Request a free sample lesson, book a short demo with our team, and we'll share your sample lessons after the call.

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Free course catalogues

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Free PDF catalogues to share with your compliance lead, your managers or your board.

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Financial services

Global Financial Compliance Catalogue

Specialized compliance training for financial services teams working across borders, covering AML, risk management, customer due diligence and international regulations.

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Global Compliance Catalogue

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Your questions answered

Questions about Canada AML & Counter-Terrorist Financing training

How long is the Canada AML & Counter-Terrorist Financing course?

It's made up of 8 microlessons, each under 5 minutes. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson and complete the situational tests. The record is stored in 5Mins for audits.

What does the course cover?

The stages of money laundering, customer due diligence and KYC, red flags, reporting suspicious activity, AML roles and culture, plus two lessons on the PCMLTFA, FINTRAC and Canadian obligations in practice.

Which FINTRAC reports does it cover?

Large cash transaction reports, electronic funds transfer reports, suspicious transaction reports and terrorist property reports, along with the record-keeping rules that go with them.

Who should take this course?

Anyone at a Canadian reporting entity whose role brings them into contact with customers, payments or onboarding, plus the compliance teams and managers who support them.

Can I try the course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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