Key Details
Overview
This comprehensive Anti-Money Laundering (AML) training course is designed for Lawyers 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 legal...
This comprehensive Anti-Money Laundering (AML) training course is designed for Lawyers 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 legal practice.
Who is this for?
This AML training will be appropriate for anyone, including practicing lawyers, with little or no experience or for more experienced professionals as a refresher course.
- Understanding the threat of organised crime and the importance of
resisting the proceeds of crime
- The UK Money Laundering regulations 2017 and amendments
- The Proceeds of Crime Act and other relevant laws
- Identifying and managing sanctions risk
- The risk-based approach to anti-money laundering (AML) and countering
terrorist financing (CTF)
- Know Your Client: the main principles for lawyers
- Managing client risk through simplified, standard or enhanced due
diligence
- Politically Exposed Persons
- Ultimate Beneficial Owners
- Suspicious Activity Reporting and case studies
- Offences and penalties
- The role of senior management
- The importance of risk-based AML training
- Record keeping
After attending the courses, participants will:
- Describe the threat of organised crime and its impact on legal
firms
- Describe the relevant legal and regulatory requirements for
anti-money laundering (AML) and countering terrorist financing
(CTF)
- Apply a high-level understanding of the risk of sanctions
- Demonstrate their understanding of the responsibilities on the firm
and them personally
- Carry out the risk based "Know Your Client" (KYC) procedure
- Identify and report suspicious activities