AML: Anti-Money Laundering & Financial Crime

The recent strengthening of criminal finance legislation has imposed further stringent requirements on your corporate responsibilities in several sensitive areas, including Anti-Money Laundering, Counter Financing of Terrorism and Bribery and Corruption.

These have been compounded by the new offence of failing to prevent tax evasion under the Criminal Finances Act. If you cannot manage your AML/CTF, ABC and CFA response adequately there could be serious implications for your business and for you personally.

This could range from unwelcome attention from regulators to civil or criminal action and in a worst-case scenario, criminal prosecution and conviction for facilitating financial crime.

This comprehensive course will introduce you to all the key criminal finance legislation and lead you step-by-step through the process of recognising, assessing and managing the AML and financial crime risks to your business.  Our expert presenter will demonstrate how to plan and implement a strategy that will satisfy the requirements of UK regulators.

What Will Be Covered?

• What is money laundering, terrorist financing, bribery and tax fraud facilitation?
• Legislation and regulatory landscape
• Key indicators of money laundering
• Responsibilities of a business
• The SAR regime
• The role of the MLRO
• The six guiding principles for managing AML risk
• Policies, controls and procedures
• Customer Due Diligence
• Whistleblowing
• Interaction with Data Protection legislation
• Current threats and trends
• The future of AML nationally and internationally