Anti Money Laundering for the UK Accounting Sector
Understand the Rules and Regulations and Effective Compliance with Policies and Procedures
What you will learn
The AML rules and regulations in the UK environment - specifically how it impacts those who work in the accountancy sector
The signs of money laundering
How to report your suspicion of money laundering
The role of the Nominated Officer within anti-money laundering and what relevant staff need to know
This course is split into two parts and is aimed at individuals working with the accountancy sector who need to have an awareness of what is required of them to work and operate when it comes to the rules and regulations surrounding anti-money laundering. The first part is for all relevant staff who need to know what their obligations are when it comes to AML and how to spot the signs of money laundering and what to do in those circumstances. The second part is aimed at the Nominated Officer (NO) - who is the dedicated person responsible for implementing and overseeing anti-laundering within the business. If individuals are sole traders - then they are (by default) the NO. Some businesses will outsource this role and there is a market for individuals to offer AML compliance as a service.
The NO has a legal duty to train their relevant staff in what to look out for when it comes to anti money laundering and to record the training dates. This course is ideal for both. It can be taken repeatedly, referred to at leisure and its a simple, cost effective way to become aware of your duties and legal obligations. The UK and EU governments are taking AML very seriously and there are penalties and sanctions for non-compliance.
Your course tutor is AAT qualified and has a first class honours degree in Accounting with Marketing and an MSc in Investment Management. Lisa is the NO in her own company which is regulated by the HMRC and she has had direct experience of implementing procedures, and also audit checks on these procedures by different institutions who at different points of her career were the AML supervisory body for the business she was running.
This course includes checklists and templates and where/how to implement AML procedures for compliance.
This course is specifically for the UK market, particularly using examples which are relevant to those within the accountancy sector. However, casinos, money transfer agents, financial services, estate agents, solicitors - are all industries / professions that need to be aware of AML regulations and to comply (and show compliance if spot-checked), so this course can be of use to those people too.