Annual AML Certification Course For Accountants and Lawyers

Anti-money laundering (AML) training is an essential requirement for accountants and lawyers in most jurisdictions, and it is necessary to update knowledge regularly due to changing laws and regulations.

This annual AML training course is designed to equip accountants and lawyers with the necessary knowledge and skills to comply with AML regulations, detect and prevent money laundering, and maintain the integrity of the financial system.

The course will cover the latest developments in AML regulations, as well as best practices and techniques for updating customer due diligence, risk assessing clients, reporting discrepancies in the PSC register, reviewing policies, controls, and procedures, implementing written procedures, conducting training, and performing criminal record checks on BOOMs.

As part of the AML training course, all test scores will be recorded in the system, and training records will be made available online. This will allow participants to easily access their training history and demonstrate their firm's compliance with AML regulations, should it be required.

By keeping track of training and test scores, participants can ensure that they are up-to-date with the latest AML regulations and are taking the necessary steps to prevent money laundering and other suspicious activities.

This webinar will cover the following topics related to Anti-Money Laundering:

• Updating customer due diligence

• Customer due diligence on new clients

• Risk assessing clients

• Firm-wide risk assessments

• Reporting discrepancies in the PSC register

• Reviewing policies, controls, and procedures

• Implementing written procedures

• Key Regulatory Requirements and Latest changes

• Conducting training

• Performing criminal record checks

• Examples and Test Questions

The course will cover the latest developments in AML regulations, as well as best practices and techniques for complying with AML regulations, detecting and reporting suspicious activities, and preventing money laundering.

By the end of the course, participants will have a comprehensive understanding of the AML regulatory framework, as well as the knowledge and skills required to implement effective AML policies and procedures in their organisations.

The course is specifically designed for accountants and lawyers who are required to receive annual AML training to maintain their professional licenses and comply with regulatory requirements.

Key Takeaways

• CPD Hours: Participants can earn Continuing Professional Development (CPD) hours, demonstrating a commitment to continuous learning and professional development.

• Certificate: Participants will receive a certificate upon completing the course, which can be used to showcase their newly acquired skills and knowledge.

• Organized by a Leading UK Training Firm: The course is organized by Shasat, a leading training firm in the UK with a reputation for delivering high-quality training and professional development programs.

• CV Enhancement: Completing this course can enhance participants' CVs, demonstrating to potential employers that they have invested in their professional development and are committed to improving their skills.

• Time-Saving: The course is designed to be efficient, taking only 90 minutes to complete. This allows participants to save time while still gaining valuable skills and knowledge.

• Post-Course Career Advice: Participants will have access to post-course career advice, which can help them apply their newly acquired skills and knowledge to their professional life.

Overall, participants can expect to gain valuable skills and knowledge that can enhance their professional development, showcase their commitment to learning, and help them achieve their career goals.

Key Learning Features

• An updated understanding of AML regulations and the latest developments in the field

• Knowledge of how to conduct customer due diligence on new and existing clients, including risk assessment and ongoing monitoring

• Understanding of the importance of firm-wide risk assessments and how to implement them effectively

• Awareness of the requirements for reporting discrepancies in the PSC register and other suspicious activities

• Knowledge of best practices for reviewing and updating policies, controls, and procedures to ensure compliance with AML regulations

• Understanding of how to implement effective written procedures to prevent and detect money laundering

• Ability to perform criminal record checks and other relevant parties

• Awareness of the importance of ongoing training and education for AML compliance

• Knowledge of the potential consequences of non-compliance with AML regulations, including financial penalties and reputational damage.