Duration: 2 hours
Cost: £299 + VAT
This course is specifically designed to assist Senior Management in meeting their obligations under Regulation 21 of the Money laundering Regulations 2007 (MLR). This states:
“A relevant person must take appropriate measures so that all relevant employees of his are:
(a) made aware of the law relating to money laundering and terrorist financing; and
(b) regularly given training in how to recognise and deal with transactions and other activities which may be related to money laundering or terrorist financing.”
Any failure to meet these obligations is a breach of the MLR and of the FCA/PRA Rules in “Senior Management Arrangements, Systems and Control (SYSC).
As Bribery and Corruption and Market Abuse may involve the proceeds of crime they are natural derivatives of AML so this course also includes an explanation of the offences and penalties under the Bribery Act 2010 and the Market Abuse regime.
The course includes examples of the offences that could have an impact on senior management, including the potential for 2 years in prison for not taking sufficient steps to prevent bribery. One of the steps toward prevention is of course the provision of training.
1. What Money Laundering is
3. The Legal Framework
4. JMLSG Guidance: including the risk based approach
5. Suspicious Activity Reporting
6. Awareness and Training
7. Record Keeping
8. Anti-Bribery and Corruption and Market Abuse
Course aimed at: All staff
Maximum numbers: 12
This course can also be delivered as an onsite course or as an instructor lead course at a firm’s office.