ANTI-MONEY LAUNDERING: AN UPDATE ON RECENT TRENDS AND TECHNIQUES, RED FLAGS AND EFFECTIVE PROCEDURAL IMPLEMENTATION 

 (NON-FINANCIAL INSTITUTIONS & PROFESSIONALS)

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Who should attend this course? 

This course is an advanced level course for which the target audience is lawyers, accountants, relevant staff of NGOs and charity organisations, MLROs, compliance officers, the staff of law enforcement agencies, risk management professionals, policymakers, regulators, consultants and senior practitioners.

Introduction

Compliance with frequently updated anti-money laundering laws and regulations has become one of the biggest challenges facing designated non-financial businesses and professions (DNFBP), such as lawyers, estate agents, accountants, charities and non-governmental organisations. With the ever-evolving and increasingly sophisticated schemes of money laundering, it has become imperative for DNFBPs to keep well-informed of the latest developments, both regulatory and otherwise, in this area. Under the law, 

DNFBPs are obliged to effectively comply with their AML obligations and to regularly train their employees and relevant staff on recent money laundering developments (both new money laundering trends and techniques and regulatory developments), the identification of ‘red-flag’ indicators, effective AML risk assessment of their business products and services, and how to take appropriate countermeasures to address these risks. DNFBPs failing to comply with their AML obligations will be subject to inevitable and irreversible reputational damage and professional disqualifications, which are even more difficult to quantify than monetary damages, but equally destructive to both the institution involved and to its principals. 

This course is designed to enable participants to understand recent developments in money laundering schemes relevant to their sector, the AML obligations of their institution, AML best practices in different sectors subject to (or targets of) recent money laundering schemes, the identification of ‘red-flag’ indicators, effective AML countermeasures, and the rules and codes of conduct of relevant professional bodies. 

Course objectives 

At the end of this course, participants will be able to:

  • Understand the current regulatory requirements for DNFBPs and the new regulatory developments;
  • Understand the role of DNFBPs in countering money laundering;
  • Understand the compliance and reporting requirements specific to DNFBPs and key challenges facing DNFBPs, with relevant practical examples and case scenarios;
  • Analyse money laundering risks and identify ‘red-flag’ indicators in their respective businesses and professions;
  • Effectively assess and manage money laundering risks in their respective businesses and professions; and
  • Implement enterprise-wide AML risk-assessment processes.

What will be covered in the course?

  • Key regulatory requirements specific to DNFBPs;
  •  Assessment of risks facing various DNFBPs and their effective management;
  •  Identification of ‘red-flag’ indicators in different DNFBPs with relevant case scenarios and practical examples;
  • Best practices to manage highly complex and sensitive challenges; and
  • Key essentials to implement an effective AML policy and procedures within a firm or business.

Duration : ONE Day Course (9:00am-5:00pm)

Speaker       Dr. Ramandeep                           Chhiina

Cost              GBP 1475 +VAT                           Per 20 Delegates 

Level            Intermediate

Venue          Onsite Training

Date             As Agreed

Duration       ONE Day Course 

Timings        9:00am-5:00pm

Course Code  FLE 006  

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