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Introduction

Enforcement action for anti-money laundering breaches is increasing, with more civil penalties and disciplinary proceedings being imposed by an array of regulators, ranging from HM Revenue and Customs to the Gambling Commission, and including the SRA. More criminal prosecutions are likely.

The international anti-money laundering authority, the Financial Action Task Force, reported that the UK is unable to demonstrate that its level of prosecutions and convictions of high-end money laundering is fully consistent with its threats, risk profile and national anti-money laundering / counter-terrorist financing policies. The UK authorities are bound to take note.

This annual course is designed to keep solicitors, accountants, financial services providers, and all those working in the regulated sector up to date with these threats and risk profiles, as well as providing an update on the criminal offences, the Regulations and recent money laundering cases.

With the Money Laundering Regulations 2017 and Criminal Finances Act 2017 now in force, regulators are setting high standards to ensure that risk assessment and CDD measures are properly applied.

Failure to report suspicious activity, inadequate customer due diligence, or worse still, unwitting involvement in money laundering exposes you, the MLRO and your organisation to criminal prosecution and/or disciplinary action - so the importance cannot be stressed enough.

When a problem arises, the first question often asked by regulators or the police is - 'when did you last attend an anti-money laundering training course?'

The Regulations require regular anti-money laundering training, and although there is no prescribed period for a 'booster' course, but around every twelve months is considered a good yardstick.

What You Will Learn

This course will cover the following:

  • The criminal offences
  • Disclosures and suspicious activity reports
  • Legal professional privilege
  • Professional regulator guidance
  • Money Laundering Regulations 2017
    • Identifying companies and trusts
    • Simplified and enhanced due diligence
    • PEPS
    • Risk modelling
  • Compliance best practice
    • Source of funds
  • Recent cases in the courts and tribunals
  • Enforcement update

The course has been designed by Jonathan Fisher QC, one of the country's leading experts in anti-money laundering and counter-terrorist financing law and practice, in collaboration with Anita Clifford, a barrister with a specialist practice in this area.

Quick Quiz - Test Your Knowledge: Money Laundering

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Seminar | 10.03.2020

London | 2:00pm - 5:15pm


Money Laundering & Terrorist Financing - 2019 Annual Update with Jonathan Fisher QC & Anita Clifford

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Mar
10
2020
London
2:00pm - 5:15pm
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£125
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£187.5
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£250
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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