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Anti-Money Laundering and Counter-Terrorist Financing

Quorum Training

Summary

Price
£654 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification

Location & dates

Location

Address
61-65
Great Queen Street
Central London
London
WC2B5DA
United Kingdom
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Address
9-10 Portland Pl, Marylebone
West London
London
W1B1PR
United Kingdom
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Overview

SPEAKER: STEVE GILES

This course provides an essential overview and refresher, including analysis of the changes brought about by the new international standards and the upcoming EU 4th Directive, together with the key findings of the UK’s National Risk Assessment. It includes a comprehensive review of the UK’s laws, regulations and guidance notes and is also focussed on business needs, taking a risk-based approach and providing an understanding of the controls and processes needed to manage the threats. Delegates will learn the threats to businesses and individuals posed by organised crime and terrorists and how to take a risk-based approach to manage them.

Description

CONTENT

  • Financial crime threat landscape and risk management framework
  • What money laundering is and how it happens
  • The risk of terrorist financing
  • The international dimension – the Financial Action Task Force, EU Directives and the possible implications of Brexit on the UK’s position
  • Comprehensive review of the relevant laws and regulations in the UK, the international standards and the role of law enforcement
  • How to take a risk-based approach – the threat matrix concept and the four key components of risk: customer, product, delivery channels and geography
  • The essential anti-money laundering controls including: customer due diligence procedures; transaction monitoring and reporting suspicious transactions
  • Beneficial ownership – transparency and the new PSC regulations
  • Tone at the top, the role of the MLRO, training and culture

Who is this course for?

Managers in the regulated sector (including charities, estate agents, jewellers and car dealers), Money Laundering Reporting Officers and deputies, staff handling cash and dealing with customers, risk and compliance officers, internal auditors and other professionals.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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