Course description
This practical one-day in-person seminar 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.
Topics discussed will include everything from key legislation (including the Proceeds of Crime Act 2002, the Terrorism Act 2000, the Criminal Finances Act 2017 and the Bribery Act 2010), to regulator guidance and its place in your compliance journey, the role of the MLRO, MLCO and Bribery Officer, and much more.
It is presented by Rebecca Atkinson, who is General Counsel at Howard Kennedy LLP and also their COLP, MLRO, MLCO and DPO. Be sure to join her in-person for this invaluable comprehensive guide.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This practical one-day in-person seminar 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 course will cover the following:
Anti-Money Laundering
- What is money laundering and who is trying to launder money through your firm?
- Key legislation including the Proceeds of Crime Act 2002, the Terrorism Act 2000 and the Criminal Finances Act 2017 and who the key players are
- Regulator guidance and its place in your compliance journey
- The appointment of the MLRO and MLCO and their duties
- The Money Laundering Regulations
- Firm wide AML risk assessment- what is this, what is its purpose and how to undertake it
- Policies, controls and procedures overview
- What is a BOOM and what needs to be done if there is a new BOOM?
- People/staff screening - how, when and why?
- Independent AML audit
- AML Policy and what it needs to cover
- Client and matter risk assessments and what it should cover
- Client Due Diligence and what is needed for each type of client including discrepancy reporting
- Should you go electronic for your ID requirements
- PEPs, sanctions and adverse media
- The definition of tax advisor and whether this means your firm is caught
- Reliance- what is it and should you allow it - and record keeping
- Training people in the firm - methods and frequencies
- Reporting suspicions internally, to the NCA and the Suspicious Activity Regime
- Economic Crime Act and the future
Bribery
- What is a bribe?
- The Bribery Act 2010 and offences
- Hospitality, gifts and entertainment
- Bribes v gifts
- What is a facilitation payment?
- The role of the Bribery Officer and their duties
- Policies, registers and controls which need to be in place to ensure compliance
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...