Course description
In its latest sector risk assessment, the Solicitors Regulation Authority identified countries with stringent capital or exchange controls such as China as posing a money laundering risk.
Illegal money transfer businesses prosper against a background of financial controls and the movement of money through such a business poses a money laundering risk for persons in the UK.
Co-presented by Anita Clifford and Jo Morris, this webinar focuses on how the risk can arise where funds from China are concerned and steps through the customer due diligence that should be undertaken in order to discharge AML obligations.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
In its latest sector risk assessment the Solicitors Regulation Authority identified countries with stringent capital or exchange controls such as China as posing a money laundering risk.
Illegal money transfer businesses prosper against a background of financial controls and the movement of money through such a business poses a money laundering risk for persons in the UK.
Co-presented by Anita Clifford and Jo Morris, this webinar focuses on how the risk can arise where funds from China are concerned and steps through the customer due diligence that should be undertaken in order to discharge AML obligations.
What You Will Learn
This webinar will cover the following:
- The different ways a money laundering concern can arise when a transaction involves money from China
- The approach to customer due diligence, including best practice for source of funds checks
- The reporting obligation and how it can be triggered when a funds concern arises
- Latest guidance issued by the NCA, Law Society of England & Wales and Law Society of Scotland
- Recent cases
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...