Course description
This virtual classroom seminar is aimed at the support teams within law firms who frequently have the task of undertaking CDD on clients. In the light of the revised LSAG Guidance Note 2021, you will learn the essentials of CDD and what the regulators expect of law firms in the performance of this key duty, especially since the requirements have been refined by the recent money laundering regulations.
The purpose of the session is to give you a solid foundation of knowledge in this area and help you understand how the CDD process can be used to protect your firm. It is presented by the highly experienced and popular trainer Trevor Hellawell, who will discuss a range of topics including beneficial ownership and understanding complex corporate structures, the availability and use of electronic searches, politically exposed persons, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This virtual classroom seminar is aimed at the support teams within law firms who frequently have the task of undertaking CDD on clients.
In the light of the revised LSAG Guidance Note 2021, you will learn the essentials of CDD and what the regulators expect of law firms in the performance of this key duty, especially since the requirements have been refined by the recent money laundering regulations.
The purpose of the session is to give you a solid foundation of knowledge in this area and help you understand how the CDD process can be used to protect your firm.
What You Will Learn
This live and interactive classroom seminar will cover the following:
- What is money laundering?
- Analysis of CDD requirements for private companies, LLPs, partnerships, limited partnerships, charities, trusts and foundations
- Beneficial ownership and understanding complex corporate structures, including nominee arrangements and bearer shares
- Extra steps now required for companies
- The availability and use of electronic searches
- Simplified & enhanced due diligence
- Politically exposed persons - what are they and what do you do if you spot one?
- Sanctions list checks
- Ongoing monitoring
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...