Key Details

Duration: 2 Hours
Delivery: Inhouse

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