AML & Client Due Diligence - The Essentials at Your Desk
In the current virally-subdued environment, there is still much concern about the rules and regulations relating to anti-money laundering processes and systems governing the legal sector.
New restrictions on our movements may result in a much higher incidence of remote consultations and the opportunity for frauds.
The SRA has also shown its new muscularity in its policing of the new rules and has started to contact law firms big and small on a number of matters which they feel should have been sorted by now - amended CDD procedures, PEP identification and BOOM identification to name but a few.
This introductory level live broadcast session will focus on the law underlying money laundering and cover the regulations in some detail - outlining the range of things that should now be comprised in a proper due diligence line of enquiry of any new client.
What You Will Learn
This live and interactive session will cover the following:
- Brief summary of the basic law
- The 2017 AML Regulations
- The 2019 Amendment Regulations
- What is CDD exactly?
- What must we do for a range of clients?
- What about enhanced CDD?
- What of simplified CDD?
- What of ongoing monitoring?
- What should we be doing to remain compliant?
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.