CPD Hours Level
Seminar 3 IntermediateInformation
Accreditation Information
SRA Competency A B
'The presenter did an amazing job presenting the materials in a clear and structured way'


Following the recently published SRA report findings that of the 400 firms reviewed, a fifth failed to adhere to risk assessment protocols, other professional regulators are following this lead.

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. More criminal prosecutions are likely.

In addition, the Fifth EC Money Laundering Directive is effective from 10 January 2020.

The changes are important and your anti-money laundering procedures will need to be updated and refined.

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:

  • New activities brought into the regulated sector
  • Virtual currency and pre-paid cards
  • Updated rules on beneficial ownership
  • Access to public registers
  • Defining a Politically Exposed Person
  • High risk third countries
  • Disclosures and suspicious activity reports
  • Recent cases in the criminal courts
  • Recent cases in the civil courts
  • Enforcement update
  • Round-up and future developments

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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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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