Essential AML guidance for compliance practitioners
Under Regulation 21 of the Money Laundering Regulations 2017, a firm can appoint a Compliance Officer alongside a MLRO to ensure compliance with the Regulations.
This advanced webinar is aimed at those fulfilling that compliance role, providing background knowledge of international policy and best practice positions in money laundering, as well as a different perspective on how to develop your risk assessment and policies and procedures in order to meet the regulations.
Delivered by compliance consultant and director of Honne Ltd. Katie Jackson, this webinar will discuss The Financial Action Task Force Recommendations and their relationship to the Money Laundering Regulations 2017 and high-risk countries and will provide viewers with an overview of the latest developments in money laundering regulation, including the regulation of virtual currency, the challenges of identifying customers, and The Law Commission's review of the Money Laundering framework.
Consideration will be given to the guidance issued to legal professionals by The Financial Action Task Force in respect of the need to develop a risk assessment for your firm, including detailed international risk factors relating to clients, transactions and geographical areas.
Essential for compliance staff, this session will provide viewers with invaluable ideas for developing policies and procedures in your firm, including 'cultures of compliance'; the three lines of defence, and conducting an annual money laundering review.
The webinar is accompanied by detailed notes to support further learning.
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