Key Details

Duration: 2 Hours
Delivery: Inhouse

Overview

This comprehensive Anti-Money Laundering (AML) training course is designed for Estate Agents and others working in professional 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...

This comprehensive Anti-Money Laundering (AML) training course is designed for Estate Agents and others working in professional 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 real estate environment.

Who is this for?

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

  • What are terrorist financing and money laundering in a real estate context?
  • The Legal Framework
  • Proceeds of Crime Act 2002
  • Money Laundering Regulations 2017 with subsequent amendments
  • HMRC and the scope of regulation
  • Key risks: Tax evasion, money laundering, corruption etc
  • Risk Assessment: Global business and local business challenges
  • Customer Due Diligence and Red flags relating to Real Estate
  • 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 real estate 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 real estate firm.