Anti-Money Laundering

Course Background:

Having effective Anti-Money Laundering (“AML”) controls is a key requirement of all regulated financial services firms, whether or not they actually handle client money or assets as part of their service. Staff must follow the firm’s AML procedures and must also report any suspicions they form in the course of performing their roles. A failure by a firm to have suitably robust AML procedures or a failure by staff to follow these procedures or report suspicions could have serious consequences for the firm or the people concerned.

Course Overview:

Firms must provide training on this important subject to relevant staff at periodic intervals. AML is also a key area to be covered for new staff.

 This course provides a complete background to what money laundering is, the requirements of the anti-money laundering regime and the resulting obligations for firms and individuals

Course Objectives:

Attendance on this course will enable you to:

• Explain what money laundering is
• Describe the key components of the current anti-money laundering regime
• Summarise the key systems and controls needs within a firm
• Describe potential money laundering situations
• Explain the role of the Money Laundering Reporting Officer (MLRO)

 Key topics:

• Definition, money laundering stages and related themes
• International obligations, Proceeds of Crime Act 2002and other related UK legislation, industry (“JMLSG”) guidance, FSA rules, expectations and past actions
• Risk based approach, customer due diligence, on-going monitoring, staff training/awareness, record keeping and suspicious transaction reporting
• Offences and penalties
• MLRO role and enforcement cases

Course aimed for: Anyone working in a financial services regulated firm

Duration: 1.5 hours

Location: IMS offices

Open Course Price: £200 + VAT per delegate

However, if you wish to attend Market Abuse as well as the Anti-Money Laundering session, scheduled to run on the same day, a discounted price can be offered at a total cost of £400 + VAT per delegate. 

Maximum numbers: 15

This course can also be delivered as an onsite course or as a component of our Online and Instructor Led Training packages.

Please click here to view our open course training schedule for our next available Anti-Money Laundering course. Alternatively if you would like to enquire about onsite delivery of this course or to discuss our training packages in more detail, please contact Peter Moore on 0207 408 2448 or your usual IMS consultant.