Course description
In 2022/23, 1081 monitoring reviews were carried out by the ICAEW and 37% of these firms were categorised as high or high-medium risk of being used to enable money laundering. What failings are they finding and how can firms improve?
The ICAEW have put together the top ten areas where we need to improve and in this virtual classroom seminar, we will take a look at them in more detail.
Join top MBL trainer Joanna Morris as she guides you through the top areas of non-compliance, including updating customer due diligence, customer due diligence on new clients, risk assessing clients, reporting of discrepancies in the PSC register, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
It’s here! The new ICAEW AML Annual Supervision Report for 2022/23!
In 2022/23, 1081 monitoring reviews were carried out by the ICAEW and 37% of these firms were categorised as high or high-medium risk of being used to enable money laundering.
What failings are they finding and how can firms improve?
The ICAEW have put together the top ten areas where we need to improve and in this virtual classroom seminar, we will take a look at them in more detail.
What You Will Learn
This live and interactive course will cover the following:
- An introduction to the ICAEW annual supervision report
- Facts and figures
- The top ten areas of non-compliance:
- Updating customer due diligence
- Risk assessing clients
- Customer due diligence on new clients
- Incomplete criminal record checks on BOOMs
- Review of policies, controls and procedures
- Reporting of discrepancies in the PSC register
- Firm wide risk assessments
- Training
- No written procedures
- No AML supervisor
- What does the CCAB guidance say for all in these areas
- What else has been highlighted by the report
- The future
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...