Course description
The world of AML can be hard to understand, with lots of legislation, regulations and guidance to follow. Sometimes, all we need is to be able to know how to practically deal with something in our working day.
This in-person seminar with Joanna Morris is full of practical information on both AML and bribery with lots of tips that you can take back and use in your working life. Joanna will look at key legislation including the Proceeds of Crime Act, Terrorism Act, and Bribery Act 2010, consider the roles of the Bribery Officer and MLRO and their duties, plus much more.
This course is suitable for all levels of knowledge and experience - it is an ideal beginner’s course and a great refresher for those with prior knowledge.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The world of AML can be hard to understand - with lots of legislation, regulations and guidance to follow. Sometimes, all we need is to be able to know how to practically deal with something in our working day.
This seminar is full of practical information on both AML and bribery with lots of tips that you can take back and use in your working life.
This course is suitable for all levels of knowledge and experience - it is an ideal beginner’s course and a great refresher for people with prior knowledge.
What You Will Learn
This course will cover the following:
Anti-Money Laundering
- What is money laundering and where did it all begin?
- Key legislation including an overview of the Proceeds of Crime Act and the Terrorism Act
- Money Laundering Regulations 2017 including the 5th Money Laundering Directive (5MLD) updates including:
- Risk assessment requirements
- Policies, controls and procedures
- Client due diligence (CDD)
- The extended definition on a PEP
- Beneficial owners
- Record keeping
- Training
- An update on the PSC Register and reporting of discrepancies
- The appointment of the MLRO and their duties
- Reporting of suspicions to the NCA and regulatory bodies
- The effect of MLR17 and Data Protection
- Penalties for getting it wrong
Bribery
- What is a bribe
- Key legislation - The Bribery Act 2010
- Hospitality, gifts and entertainment
- Bribes v gifts
- What is a facilitation payment?
- Should you make charitable donations?
- The role of the Bribery Officer and their duties
- Policies, registers and controls which need to be in place
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...