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Advanced AML for MLROs

Professional Development

Overview

This course is designed for those already working in the role of MLRO, or as deputy MLROs, who wish to enhance their existing knowledge and ensure that they are up to date with current legislative requirements, whilst reviewing and discussing any topical events.

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

3 CPD hours
3 hour
Jersey

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

Course Content

  • Understanding the developing nature of the role and associated risks
  • Addressing money laundering myths
  • Challenges to the role of the MLRO
  • 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
  • Keeping your AML Compliance Monitoring Programme up to date – focus on sanctions updates
  • Developments in terrorist finance
  • 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