Anti-Money Laundering and Counter-Terrorist Financing

Speaker:  Steve Giles  |  CPD Hours: 6.0

Price £575 plus VAT

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OBJECTIVES

Anti-money laundering regulations apply to a number of different business sectors, including financial and credit businesses, accountants and estate agents. This course provides an essential up-to-date overview and refresher, including an analysis of the changes brought about by the new international standards and the EU 4th Directive, together with the key findings of the UK’s National Risk Assessment.

It provides a comprehensive review of the UK’s laws, regulations and guidance notes. The course is also focussed on business needs, taking a risk-based approach throughout and providing an understanding of the controls and processes needed to manage the threats. At the end of the course delegates will be aware of the threats to businesses and individuals posed by organised crime and terrorists and how to take a risk-based approach to manage them.

CONTENT

  • Financial crime threat landscape and risk management framework
  • What money laundering is and how it happens – placement, layering and integration    
  • The risk of terrorist financing – the challenges of Type 1 and Type 2 terrorist financing
  • The international dimension – the Financial Action Task Force, EU Directives and the possible implications of Brexit on the UK’s position
  • Comprehensive review of the relevant laws and regulations in the UK, the international standards and the role of law enforcement    
  • How to take a risk-based approach: the threat matrix concept and the four key components of risk: customer, product, delivery channels and geography
  • The essential AML controls including: customer due diligence procedures; transaction monitoring and reporting suspicious transactions
  • Beneficial ownership – transparency and the new PSC regulations
  • Tone at the top, the role of the MLRO, training & and culture

WHO SHOULD ATTEND

Managers in the regulated sector (including charities, estate agents, jewellers and car dealers). Money Laundering Reporting Officers and deputies, staff handling cash and dealing with customers, risk and compliance officers, internal auditors and other professionals.  

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