Key aspects of the Money Laundering Regulation

Date:
13 December 2018
Time:
9.00am-5.00pm
Location:
London

Member price: £544 + VAT

Non-member price: £640 + VAT


London, 13 December 2018
London, 27 March 2019
London, 20 June 2019
London, 14 October 2019

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What you will learn

The course covers the key regulations for money laundering and terrorist financing. It provides an introduction into the subject as a whole and comprehensive coverage of the Money Laundering Regulations with specific emphasis on the FCA regulated sector. By attending this course delegates will gain a firm understanding of how the current regulations affect the way that their firms operate.

Who should attend

This course will be of benefit to all those who work in the FCA regulated sector and need to be aware of the Money Laundering Regulations 2017 and the Money Laundering Directives. The course is aimed at an introductory level but staff working throughout the organisation that are familiar with this topic may benefit as well.

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Content

Background

  • Historical Context
  • The FATF Recommendations
  • The JMLSG Guidance
  • The National Crime Agency
  • POCA 2002
  • The Terrorism Act 2000
  • The Money Laundering Regulations 2017
  • Other Anti-money Laundering Law and Regulations

Scope

  • The 4th and 5th EU Money Laundering Directives
  • Business in the Regulated Sector
  • Exemptions

Risk-based Approach

  • Objectives of a Risk-based Approach
  • Control Procedures

Customer Due Diligence

Enhanced Customer Due Diligence

  • Simplified
  • Enhanced Due Diligence
  • Beneficial Owners
  • Politically Exposed Persons
  • High risk jurisdictions
  • Ongoing Monitoring
  • The Effect on Tipping Off Under POCA 2002

Financial Sanctions


The current sanctions regime


Penalties for non-compliance


Policies and Procedures

  • Record Keeping
  • Reporting Requirements
  • Staff Awareness and Training
  • Senior Management Responsibility
  • Reliance on Third Parties

Supervision and Registration

  • Supervising the New Regime

Registration Processes

Enforcement

  • Supervisory Authorities
  • Powers of the Designated Authorities
  • Penalties
  • Business Relationships

Location

London

Contacts

BPP
Tel: 0330 060 3303
Email: ldicas@bpp.com

Topics

  • England and Wales
  • Training courses
  • Law and regulation
  • London and Home Counties

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