Key Details

Duration: 2 Hours
Delivery: Inhouse

Overview

This comprehensive training course is designed for accountants and others working in professional accountancy firms who need to understand the rules and regulations relating to Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF), and who also need to understand how these risks manifest themselves within a professional accountancy environment.

Who is this for?

This AML training course will be appropriate for anyone, including accountants, with little or no experience or for more experienced professionals as a refresher course.

  • What is Money Laundering?
  • The Legal Framework
  • Proceeds of Crime Act 2002
  • Money Laundering Regulations 2017 and amendments
  • Professional supervisory bodies
  • JMLSG Guidance
  • Risk Assessment in the context of professional accountancy services
  • Customer Due Diligence
  • Monitoring
  • Awareness and Training
  • Record Keeping

After attending the courses, participants will:

  • Understand the nature of the money laundering and terrorist financing risks facing professional accountancy firms
  • Have an awareness of the principal legislation and regulations governing money-laundering and terrorist financing
  • Understand their responsibilities within their professional 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, particularly in the context of a professional accountancy firm.