This induction workshop is an essential primer for all Officers assuming responsibilities for AML issues. The workshop explores and critiques the main concepts of the UK’s legal framework, POCA and reporting suspicions, Money Laundering Regulations, FCA requirements and industry guidance – key compliance obligations.
Venue: Pinners Hall, 105-108 Old Broad Street, London, EC2N 1EX
The workshop also covers a general introduction to sanctions regimes and screening, standards, compliance monitoring, and reporting to senior management, and has been fully revised and updated to reflect the Money Laundering Regulations 2007 and JMLSG Guidance notes and 3rd EU Directive, the requirement to follow a risk based approach.
Delegates will leave the workshop with a practical understanding of Fraud, Anti-Bribery & Corruption, Information Security, Market abuse & Insider dealing, and Sanctions; all critical components to AML.
Topics to be covered and objectives include:
- Legal Obligations
- Money Laundering Regulations 2007
- JMLSG Guidance 2007
- The Risk Based Approach
- Managing the AML Process
- New Dimensions in Financial Crime
Who should attend this workshop?
This workshop will be of particular interest to individuals working in the following areas:
- Newly-appointed Financial Crime and Risk Management Officers
- Newly-appointed MLROs and Deputies
- Financial Regulation Managers
- Internal Audit (assuming responsibilities for money laundering/financial crime issues)
- Governance and Compliance Officers
Session I: The Current Legal & Regulatory Framework
Session II: Sanctions and counter-terrorism reporting
Session III: The MLRO Role in Practice
Session IV: Implementing a Risk-Based Due Diligence Regime
Session V: Managing an Effective Recognition and Reporting Regime
Session VI: Financial Crime – The Broader Perspective
Session VII: Workshop Summary and Q&A
Lunch will be served and there will be two 15 minute breaks (mid-morning, mid-afternoon).