Anti Money Laundering for the UK Accounting Sector

What you'll learn

• Understanding the legal and regulatory framework around money laundering - specifically how it impacts those who work in the accountancy sector

• The signs of money laundering

• How to report your suspicion of money laundering

• The role of the Nominated Officer within anti-money laundering and what relevant staff need to know

• Identifying different stages and types of money laundering

• Ensuring compliance with anti-money laundering regulations and avoiding penalties

• Learning practical steps to prevent money laundering, including client verification, record-keeping, risk assessment, and reporting suspicious activity

Requirements

• There are no requirements, other than to just want to understand how AML regulations relate to the finance industry in the UK

Description

The UK and EU governments are cracking down on anti-money laundering (AML) regulations, and non-compliance can lead to severe penalties and sanctions. If you're working in the accounting sector, it's crucial to understand your obligations and how to spot the signs of money laundering. This course is split into two parts, designed for all relevant staff and the Nominated Officer (NO) responsible for AML compliance.

Our course tutor, Lisa, is AAT qualified and has a first-class honours degree in Accounting with Marketing, and an MSc in Investment Management. As the NO in her own company regulated by the HMRC, she has direct experience implementing procedures, and audit checks by different institutions who were the AML supervisory body at various points in her career.

What Makes Your Course Unique: Our course tutor is a working professional with hands-on experience in AML reviews. The course includes checklists, templates, and practical guidance on how to implement AML procedures for compliance.

This course is ideal for bookkeepers, accountants, payroll bureaus, and others who need to know and adhere to AML rules. However, professionals in other industries, such as casinos, money transfer agents, financial services, estate agents, and solicitors, can also benefit from the course and show compliance if spot-checked.

Enroll now to gain a comprehensive understanding of AML regulations and protect your business from non-compliance penalties and sanctions.

Who this course is for:

• Bookkeepers, Accountants, Payroll bureaus and others who have to know and adhere to AML rules