AML Introduction for Accountants
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.
Learning Outcomes
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.
Course Details
- 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
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
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Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
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On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.