Money Laundering - Latest Update for Private Client Practitioners
Anti-money laundering and related legislation impose obligations on practitioners and firms to respond appropriately when providing legal services and those involved in private client and tax planning work must devote considerably more time and energy to protect themselves.
With money laundering and tax evasion laws burgeoning, and greater scrutiny of tax avoidance schemes by HMRC, lawyers are facing an increased risk of prosecution and reputational damage.
There are statutory requirements and defences which need to be understood to avoid financial penalties and possible criminal conviction.
This webinar will discuss the implications of the recent legislation on private client practitioners explaining what you need to do to keep abreast of all the changes and how to protect your firm from money laundering.
What You Will Learn
This webinar will cover the following:
- What are the key legislative and regulatory restrictions?
- The Money Laundering Regulations 2020 - how to respond in the workplace
- Customer and enhanced due diligence
- Sanctions and PEPs
- Red flags for private client practitioners
- Risk and compliance documentation
This webinar was recorded on 2nd March 2020