Level One – Introduction to AML and CFT

Wednesday 2nd August 2018 09:00 – 12:30

Venue: Offices of Constantine Cannon, London

1 Paternoster Square, London, EC4M 7DX

In this course, we will look at some of the most important legal instruments and regulatory requirements, and review some of the very latest trends in criminal conduct and how firms are threatened by criminals and the financiers of terrorism.

Using case studies, exercises and learning from their peer group, delegates will be encouraged to develop a practical understanding on how to manage financial crime risks more effectively in the regulated sector whilst meeting personal and business responsibilities.

We are excited to have Lee Byrne, principal of the Great Chatwell Academy of Learning presenting this course.

The course will be hosted by our friends at Constantine Cannon and costs £299*. We are limited to 18 delegates only. We are offering a £100 discount for delegates attending this course who also wish to attend our Trade Based Money Laundering Course later in the day. People booking onto both courses will be sent a single use code so that they can book onto the Trade Based Money Laundering Course. This doesn’t have to be the same person.

 

Full course details can be found below.

 

This course was developed and is run by The Great Chatwell Academy of Learning and brought to you in partnership with MLROs.com

*Ticket fee does not include booking and handling fees charged by Eventbrite Separately


The Offices of Constantine Cannon can be found using the map below


About the Course

Criminal conduct concerning money laundering, fraud, tax evasion and bribery & corruption make national headlines and support criminal activity that destabilises communities and contributes to the spread and intransigence of criminal activity.

“The fictionalized images of organized crime are far from the truth. The reality is less Hollywood and far more about fluid organized criminal networks profiting from the sale of illegal goods wherever there is a demand. These international illegal markets are anonymous and more complex than ever and each year generate billions of dollars.” (UNODC: Transnational Organized Crime – The Globalized Illegal Economy).

International financial regulators, lawmakers and governments are working together to implement measures to deter, disrupt and detect these activities. It is essential that members of the regulated sector understand and comply with these regulatory and legal requirements to avoid the penalties that can be applied for personal and corporate failings.

In this course, we will look at some of the most important legal instruments and regulatory requirements, and review some of the very latest trends in criminal conduct and how firms are threatened by criminals and the financiers of terrorism.

Using case studies, exercises and learning from their peer group, delegates will be encouraged to develop a practical understanding on how to manage financial crime risks more effectively in the regulated sector whilst meeting personal and business responsibilities.

 

The Course will be suitable for:

  • All operational risk professionals including financial crime compliance (FCC) and money laundering practitioners
  • Audit, assurance risk and compliance analysts
  • Persons wishing to enter the regulated sector, or who have recently joined
  • Professionals from non-regulated sectors and public officials such as the police force or armed forces who wish to prepare for a career-change

Course Overview and Expected Learning Outcomes

The course will provide an essential introduction to financial crime management responsibilities in the regulated sector, and will include UK and other key international jurisdiction developments including the EU and USA.

Critically, you will be able to describe the very latest financial crime and terrorist financing trends and the sources of illicit finance, and be able to discuss how criminals launder money, using disguised typologies such as undisclosed beneficial ownership, nominees, bearer shares and high-risk business activity.

You will review current and emerging regulatory changes covering money laundering, terrorist financing, sanctions, tax evasion, bribery and corruption, modern slavery & human trafficking and virtual currency use.

Delegates will be able to explain the role of firms in the regulated sector in the wider international fight against crime and terrorism and understand the three lines of defence model of controls that is typically applied to manage these risks.

Additionally, you will be able to outline the training needs for regulated staff, including how to identify suspicious activity using ‘red flags’ and case studies, and understand how these concerns should be escalated and reported.

Agenda and Timings

09:00 – 09:15 Registration
09:15 – 10:45  Session 1- Financial crime awareness and the international regulatory response
10:45 – 11:00  Refreshment Break
11:00 – 12:30 Session 2- Managing the risks, the risk based approach and suspicious activity reporting

 

Keywords and topic areas

  • UK and International money laundering and terrorism laws and regulations
  • The Financial Action Task Force (FATF) 40 Recommendations (2012), the Fourth EU Money Laundering Directive and UK Money Laundering Regulations 2017
  • Customer Due Diligence (CDD) & Know Your Customer (KYC) (including enhanced due diligence, PEPs and other high-risk client categories).
  • Transaction monitoring
  • Escalation and reporting suspicion
  • Sanctions and terrorist financing
  • Tax evasion, tax avoidance and transfer pricing
  • The risk based approach
  • Regulatory control environment

At the end of the course, successful delegates will be provided with both a certificate of attendance and participation, and a full CPD certificate.

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