Key aspects of the Money Laundering Regulation
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
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