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Anti-Money Laundering for Insolvency Professionals

Online and designed for insolvency professionals


NTI

Summary

Price
£49 inc VAT
Study method
Online, self-paced
Duration
2 hours
Qualification
No formal qualification
Additional info
  • Certificate of completion available and is included in the price

Overview

NTI are the first and only provider of a fully compliant and practical Anti-Money Laundering course specifically aimed at insolvency professionals.

This is online course of six webcasts and a new checklist is fully compliant with the current money laundering regulations including the 2019 amendment rules.

This fantastic course is less than two hours and a free certificate of competence is provided on completion.

Description

Part 1: Money Laundering and the Global Framework

An overview of money laundering and terrorist financing definitions and offences, and how organisations world wide join together to combat criminal activity and the proceeds of crime.

Part 2: The Risk Based Approach

Considers the definition of a regulated business and assessing the risk of money laundering in higher risk industries, what we can look out for and how we can assess the risk of money laundering for each client.

Part 3: Customer Due Diligence

Covers all levels of customer due diligence and how due diligence is to be completed for companies and individuals following your risk assessment of the client.

Part 4: Indicators, responsibilities and penalties

Identifies indicators of Money Laundering and Terrorist Financing, considering individual and firm responsibilities and the penalties of breaching the regulations.

Part 5: Practical considerations for the insolvency profession

Focuses on how the regulations affect the insolvency profession and covers specific examples of what to consider throughout the risk assessment and due diligence process. Consideration is also given to selling assets, relationships with third party agents and who is ultimately responsible for due diligence.

Part 6: MLR 2019 Amendment rules – an update

A review of the Money Laundering and Terrorist Financing Amendment Rules 2019 and a comparison with the 5th Anti-Money Laundering Directive from the EU.

At the end of the course is a test which includes 15 multiple choice questions based on the information presented throughout the course. On passing the test, you will get a sort after certificate of completion.

Who is this course for?

Insolvency professionals, Debt Management,

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

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.