ADVANCED

Anti-Money Laundering; Market Abuse and Anti-Bribery and Corruption

Anti-Money Laundering; Market Abuse and Anti-Bribery and Corruption

Frequency: Monthly    

Duration: 2 hours

Cost: £299 + VAT

Course Overview:

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.

Course Objectives:

  • A sound knowledge of what AML,/CTF, ABC and MA are
  • The obligations on the firm and each individual
  • An understanding of the importance of the JMLSG
  • An opportunity to benchmark your knowledge and current compliance arrangements
  • Comfort that the firm is compliant with Regulation 21 and is able to demonstrate that staff have been made aware of AML, ABC and MA

Key topics:

1. What Money Laundering is

2. Terrorism

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.