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Key Aspects of the Money Laundering Regulation

BPP Professional Education

Summary

Price
£738 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

Location & dates

Location

Address
Venue may change up to 14-days before the course start date’
9-10 Portland Place
West London
London
W1B1PR
United Kingdom
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Overview

The course covers the key regulations for money laundering and terrorist financing. It provides an introduction into the subject as a whole and comprehensive coverage of the Money Laundering Regulations with specific emphasis on the FCA regulated sector. By attending this course delegates will gain a firm understanding of how the current regulations affect the way that their firms operate.

Venue may change up to 14-days before the course start date. Enquire for dates.

CPD

6 CPD hours / points
Accredited by BPP Professional Education Limited

Description

Topics covered on this course will include:

  • Background
    -Historical Context
    -The FATF Recommendations
    -The JMLSG Guidance
    -The National Crime Agency
    -POCA 2002
    -The Terrorism Act 2000
    -The Money Laundering Regulations 2017
    -Other Anti-money Laundering Law and Regulations
  • Scope
    -The 4th and 5th EU Money Laundering Directives
    -Business in the Regulated Sector
    -Exemptions
  • Risk-based Approach
    -Objectives of a Risk-based Approach
    -Control Procedures
  • Customer Due Diligence
    -Simplified
  • Enhanced Customer Due Diligence
    -Simplified
    -Enhanced Due Diligence
    -Beneficial Owners
    -Politically Exposed Persons
    -High risk jurisdictions
    -Ongoing Monitoring
    -The Effect on Tipping Off Under POCA 2002
  • Financial Sanctions
  • The current sanctions regime
  • Penalties for non-compliance
  • Policies and Procedures
    -Record Keeping
    -Reporting Requirements
    -Staff Awareness and Training
    -Senior Management Responsibility
    -Reliance on Third Parties
  • Supervision and Registration
    -Supervising the New Regime
  • Registration Processes
  • Enforcement
    -Supervisory Authorities
    -Powers of the Designated Authorities
    -Penalties
    -Business Relationships

Who is this course for?

This course will be of benefit to all those who work in the FCA regulated sector and need to be aware of the Money Laundering Regulations 2017 and the Money Laundering Directives. The course is aimed at an introductory level but staff working throughout the organisation that are familiar with this topic may benefit as well.

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

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.

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.

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.

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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Similar subjects: Fraud, Finance, Accounting and finance