Finance professionals providing their services perform a key role, acting as gatekeepers to the financial sector. These services can be exploited by criminals to launder the proceeds of their unlawful activity. As professionals working in a regulated sector, staff need to be able to recognise high risk business activities and be aware of the anti-money laundering regime, as failure to comply with legal and regulatory obligations can result in serious consequences for an organisation or an individual.
This course delivers an understanding of responsibilities under the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002, with guidance on promoting an effective risk-based approach, ensuring compliance with staff obligations.
This course is aimed at finance professionals providing services as an auditor, external accountant, insolvency practitioner, tax adviser, and trust or company service provider.
On completion of this course, you will be able to:
- demonstrate an understanding of the nature of money laundering
- identify and evaluate higher risk clients and areas of business
- recognise the legal obligations placed upon staff
- articulate the principal elements of a customer due diligence policy
- review, develop and implement systems and controls within an organisation
This course is also included in the following pack: Regulation compliance pack
Authored by: Steve Robinson
Steve has over thirty years experience in the financial services industry including roles in retail banking with Barclays Bank PLC, wealth management and stockbroking operations and as a financial markets tutor with Barclays Bank Stockbrokers.
Steve has over fifteen years experience in identifying, designing, delivering and evaluating financial services training. He has worked with a large number of major UK and international investment banks, stockbroking firms and fund managers.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date