Advanced AML for MLROs and managers

Professional Development

Overview

The regulatory landscape dealing with money laundering is complex and fast-moving and carries the risk of severe penalties if breached. This course aims to challenge fixed mental models of money laundering and equip delegates to manage the evolving risk.



Suitable For

All client-facing staff, senior managers and directors to enhance their knowledge, as well as potential and acting MLROs and compliance professionals wishing to keep themselves updated.

2 CPD hours
2 hours
Jersey

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Fully appreciate the nature of their obligations and the challenges that may be faced in meeting them
  • Consider emerging financial crime risks and the suitability of existing controls
  • Implement enhancements in response to lessons from analysed money laundering investigations and prosecutions
  • Consider the adequacy of existing systems and awareness levels in the context of the globalisation of the risk of money laundering and terrorist financing proliferation and sanctions

SESSION CONTENT

  • Understanding the developing nature of the role and associated risks
  • Emerging AML and CFT typologies
  • Case law developments on the meaning of "suspicion" and what constitutes "proceeds of crime"
  • Managing SARs – lessons learnt from Shah v HSBC
  • Appreciating the changing face of financial crime and the misuse of products and services
  • Emerging risks – Bribery Act, sanctions, environmental resource abuse
  • Constructive trust risk
  • Recent changes to the legislative and regulatory landscape – focus on CDD and higher-risk relationships
  • Interactive case study