AML is about stopping illegal money from criminal activities like corruption or drug trafficking, making it look like it comes from a legal source and KYC is verifying client identities to ensure they're not involved in illegal activities.

This course is designed to reduce business risks related to money laundering, addressing UK changes in 2017 to fight money laundering, terrorist financing, and organised crime. These rules apply to businesses in finance, especially high-value brokers dealing with cash.