Key Details

Duration: 3 Hours Location: City of London Price: 299 GBP per person
Upcoming Dates: 05 Sep 2018,  11 Oct 2018,  14 Nov 2018,  05 Dec 2018

Overview

Employees of FCA-authorised firms are subject to a wide-ranging set of obligations in relation to anti-money laundering (AML) and counter-terrorist financing (CTF) and firms have a legal duty to train their staff regarding these obligations. This course is intended to help firms to meet this legal obligation by providing employees...

Employees of FCA-authorised firms are subject to a wide-ranging set of obligations in relation to anti-money laundering (AML) and counter-terrorist financing (CTF) and firms have a legal duty to train their staff regarding these obligations.  This course is intended to help firms to meet this legal obligation by providing employees with an understanding of the legal framework, the specific criminal offences relating to AML and CTF and their personal responsibilities.  It also considers the firm’s responsibility to implement adequate systems and controls following a risk-based approach, particularly in relation to customer due diligence (CDD), or ‘know your customer’ (KYC).

In order to meet the requirements of the Money Laundering Regulations 2017, the course also includes an overview of the law relating to data protection.

Who is this for?

This comprehensive course is designed for those with little or no existing knowledge of AML and CTF, but is also suitable for use as a ‘refresher’ for both existing employees and new joiners.

  • What is Money Laundering?
  • The Legal Framework
  • Proceeds of Crime Act 2002
  • Money Laundering Regulations 2017
  • FCA Supervision
  • JMLSG Guidance
  • Risk Assessments
  • Customer Due Diligence
  • Monitoring
  • Awareness and Training
  • Record Keeping
  • Data Protection
  • Understand the nature of the money laundering and terrorist financing risks facing financial services firms
  • Have an awareness of the principal legislation and regulations governing money-laundering, terrorist financing and data protection
  • Understand their responsibilities within the regulatory regime, and the effects of failure to comply
  • Have knowledge of the practical steps required to manage money-laundering and terrorist financing risks, including customer due diligence, suspicious activity reporting and ongoing monitoring