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Anti-Money Laundering for the UK Accounting Sector: Compliance & Protection
Understand anti-money laundering (AML) rules, regulations, and how to implement effective compliance strategies in the UK accounting sector to protect your business
Created By Lisa Newton
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Course description
What You'll Learn
- Understand the legal and regulatory framework surrounding money laundering, specifically within the UK accounting sector
- Recognize the signs of money laundering to identify suspicious activity early
- Learn how to report suspicions of money laundering effectively within the industry
- Understand the role of the Nominated Officer in anti-money laundering (AML) compliance
- Identify the different stages and types of money laundering and their impact on the accounting sector
- Learn how to ensure compliance with AML regulations and avoid severe penalties
- Implement practical steps for preventing money laundering, including client verification, record-keeping, risk assessment, and reporting suspicious activity
Requirements
- No prior knowledge required, just an interest in understanding how AML regulations relate to the finance industry in the UK
Description
The UK and EU governments are tightening the rules around anti-money laundering (AML), and the accounting sector must stay vigilant to comply with these regulations. This course is designed to help you understand your obligations, recognize the signs of money laundering, and take the necessary steps to protect your business from non-compliance penalties.
Led by Lisa, a professional with a first-class honours degree in Accounting and Marketing, an MSc in Investment Management, and hands-on experience implementing AML procedures, this course is built from real-world applications. As the Nominated Officer (NO) in her company, regulated by HMRC, Lisa provides valuable insights into the regulatory framework and practical steps to remain compliant.
What makes this course unique is its practical approach. Lisa shares checklists, templates, and step-by-step guidance on how to implement AML procedures effectively within your business. Whether you’re a bookkeeper, accountant, or payroll bureau, this course will equip you with the knowledge needed to adhere to AML regulations.
Our course is also beneficial for professionals in other industries, including casinos, money transfer agents, financial services, estate agents, and solicitors, who are also required to show compliance if spot-checked.
By completing this course, you'll gain a comprehensive understanding of AML regulations, how to spot money laundering activity, and how to protect your business from severe penalties and sanctions. Enroll today to enhance your compliance knowledge and safeguard your business!
Who This Course is For:
- Bookkeepers, accountants, and payroll bureaus needing to understand and adhere to AML rules
- Professionals in industries such as casinos, money transfer agents, financial services, estate agents, and solicitors
- Anyone involved in ensuring compliance with anti-money laundering regulations
Course content web
Promo.mp4
1. Introduction to the Course Structure.mp4
2. Overview of part 1 - for all.mp4
3. Introduction to the course and your tutor.mp4
4.1. The Accountancy Sector.mp4
4.2. Anti-Money_Laundering_Service_-_Guidance_for_Accountancy_Sector.pdf
5. Breaking Bad.mp4
6. Why do I have to do this.mp4
7. What do HMRC do.mp4
8. Role of the Nominated Officer.mp4
9. Recognising suspicious activity.mp4
10.1 Reporting suspicious activity.mp4
10.2. MLR4 Money Laundering Internal Report LMN.pdf
11. The requirements when it comes to AML.mp4
12. Non compliance.mp4
13.1. Flag it up.mp4
13.2. FlagItUp_SARsGuidance.pdf
14. How can it be done.mp4
15. How big is the problem.mp4
16.1. Red Flags.mp4
16.2. Red-Flag-Indicators.pdf
17. Warning signs.mp4
18. Recap of Part 1.mp4
1. Introduction to part 2 - the section aimed at the NO.mp4
2. Client Verification.mp4
3.1. Introduction to the Money Laundering regulations.mp4
3.2. What is Money Laundering - quick start guide download.docx
3.3. Money Laundering Internal Report LMN.pdf
4. Responsibilities and Oversights.mp4
5. The Legal and Regulatory Framework.mp4
6. Defence.mp4
7. Responsibility and oversight.mp4
8. Nominated Officer.mp4
9.1. How might the MLRO role be split.mp4
9.2. MLRO Control Report Sheet LMN.pdf
9.3. MLR6 MLRO Report Log LMN.pdf
9.4. MLR7 Staff Training Record LMN.pdf
9.5. MLR8 Annual Review LMN.pdf
9.6. MLR9 Compliance Policies and Procedures Statement LMN.pdf
10. Record Keeping.mp4
11. Training and Awareness.mp4
12.1. Risk Based Approach.mp4
12.2. Client Risk Assessment LMN.pdf
12.3. Whole-Firm-Risk-Assessment-ICAS- example alan argent.docx
13. Different Types of Risk.mp4
14.1. Customer Due Diligence (CDD).mp4
14.2. Client Due Diligence Record Individual LMN.pdf
14.3. Client Due Diligence Record LMN.pdf
15. Stages of CDD.mp4
16. Beneficial Ownership.mp4
17. When and how should CDD be carried out.mp4
18. Politically Exposed Persons (PEPs).mp4
19. Relying on 3rd parties.mp4
20. Use of electronic data.mp4
21. what happens if CDD cannot be done.mp4
22. Suspicious Activity Reports (SAR).mp4
23. When to make a report.mp4
24. Failure to disclose.mp4
25. Should I submit a report.mp4
26. Internal Report to the MLRO.mp4
27. External SAR.mp4
28. Consent.mp4
29. Record Keeping.mp4
30. Training and awareness.mp4
31. The Laws.mp4
32.1. High risk factors.mp4
32.2. ICAEW high risk circumstances for money laundering.pdf
33. Low risk factors.mp4
34.1. Brexit.mp4
34.2. how_does_brexit_affect_the_uks_anti-money_laundering_laws.pdf
35.1. Conclusion.mp4
35.2. Compliance The Five Stages - Smart Vault.pdf
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