An Accountant’s Guide to Anti-Money Laundering Compliance

Introduction

All accountants, including tax advisors and insolvency practitioners, need to comply with their obligations under the Money Laundering Regulations 2017 helping to prevent, recognise and report any money laundering suspicions.

The Money Laundering Regulations 2017 have now been in force for the last seven years and all firms should have everything in place to cover key areas including:

• Who is the MLRO and MLCO
• Have risk assessments at all levels being undertaken
• Is CDD being completed correctly and do you have measures in place for enhanced or simplified due diligence
• Do you have the correct knowledge of the sanctions regime
• Is all of your documentation in place in policies, controls and procedures

Using the guidance from the CCAB, this in-person seminar is full of practical tips, advice and case studies helping to ensure you are fully compliant.

This course is a must for anyone in the accountancy profession who has the role of the MLRO, MLCO, deputy MLRO, Compliance and Risk Team Members or anyone seeking to upskill their AML knowledge.

What You Will Learn

This course will cover the following:

• An introduction to AML/CTF
• Current legislation including the Proceeds of Crime Act 2002 and the Terrorism Act 2000
• The Money Laundering Regulations in depth including:
• Risk assessments - firmwide, client/matter
• Policies, controls and procedures
• CDD - standard, simplified and enhanced
• Capturing client information and using it correctly
• Identifying source of funds and source of wealth
• PEPs
• High risk third countries
• Who are beneficial owners and the PSC register
• Record keeping
• The sanctions regime and the difference between it and the money laundering regime
• Training - who, what, when etc
• The role of the MLRO and MLCO
• The National Crime Agency and the reporting of SARs
• The cost of getting it wrong!