Name: 2020 Innovation Training Ltd
Address: Pinewood Business Park, Birmingham, B37 7HG, UK
Telephone: +44 (0) 121 314 2020
Price range: $

Objectives

The objective of this session is to provide an overview of the AML (Anti-Money Laundering) regulations in the context of the accountancy profession.

Key topics

WHAT IS MONEY LAUNDERING

Money laundering process
Placement
Layering
Integration

AML REGULATION

AML Responsibilities
AML Supervision
AML Supervisory Bodies
Consequences of not registering for AML supervision

HOW DOES YOUR FIRM APPROACH AML COMPLIANCE

Firm wide risk assessment
AML Policies and procedures
Training and awareness
Monitoring policies and procedures

CUSTOMER DUE DILIGENCE

Stages of Client Due Diligence
Firstly – Gathering Information
Secondly – Risk Assessment
Thirdly – Verification
PSC Reporting
A risk based approach
Standard Due Diligence
Simplified Due Diligence (SDD)
Enhanced Due Diligence (EDD)
Political Exposed Persons (PEPs)

AML REPORTING REQUIREMENTS

Knowledge or suspicion
Exemptions from reporting
Should I report to the firm’s MLRO
Tipping Off

AML QUESTIONS

Who should attend

This session is particularly appropriate for new starters and those who require a refresh of the AML fundamentals!

Training

Resources

Consultancy

Marketing

Partners

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