Course description
This practical live broadcast session is suitable for MLROs, their deputies, compliance officers and their teams and will cover all you need to know on the UK's AML and bribery laws and practice.
Join compliance training expert Joanna Morris as she discusses what money laundering is and where it all began, who launders money, and the key legislation you need to be aware of. The Money Laundering Regulations 2017 will be discussed in detail, an update on the PSC Register will be provided, and the appointment of the MLRO will be explored.
The session will also provide an introduction to bribery, and will discuss key legislation such as the Bribery Act 2010, hospitality, gifts and entertainment, facilitation payments and bribes versus gifts.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This practical live broadcast session is suitable for MLROs, their deputies, compliance officers and their teams and will cover all you need to know on the UK's AML and bribery laws and practice.
What You Will Learn
This live and interactive session will cover the following:
Anti-Money Laundering
- What is money laundering and where did it all begin?
- Who launders money?
- Key legislation including an overview of the updated Proceeds of Crime Act and the Criminal Finance Act 2017
- Money Laundering Regulations 2017 including the 5th Money Laundering Directive (5MLD) updates:
- Risk assessment requirements
- Policies, controls and procedures
- The changes to client due diligence (CDD)
- The extended definition on a PEP
- Beneficial owners
- Record keeping
- Training
- An update on the PSC Register and reporting of discrepancies
- The appointment of the MLRO and their duties
- Reporting of suspicions to the NCA and regulatory bodies
- The effect of MLR17 and Data Protection
- Penalties for getting it wrong
Bribery
- What is a bribe
- Key legislation - The Bribery Act 2010
- Hospitality, gifts and entertainment
- Bribes v gifts
- What is a facilitation payment?
- Should you make charitable donations?
- The role of the Bribery Officer and their duties
- Policies, registers and controls which need to be in place
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...