Learning Objectives
- Understand the legal framework and regulatory requirements for AML and CTF in the UK.
- Identify the processes for conducting due diligence, ongoing monitoring, and risk assessment.
- Learn to implement effective AML and CTF strategies within your organization.
- Recognize the indicators of money laundering and terrorist financing.
- Stay updated with the latest regulatory changes and their implications.
Course Outline
- Introduction to AML and CTF
- Definitions and key concepts
- Importance of AML and CTF measures
- Regulatory Framework
- Key legislation and regulations
- Roles and responsibilities of regulatory bodies
- Risk Assessment and Controls
- Conducting risk assessments
- Implementing internal controls and procedures
- Due Diligence Processes
- Customer Due Diligence (CDD)
- Enhanced Due Diligence (EDD) for high-risk clients
- Monitoring and Reporting
- Ongoing monitoring of business relationships
- Suspicious Activity Reports (SARs)
- Compliance and Enforcement
- Penalties for non-compliance
- Case studies on regulatory actions
- Latest Regulatory Updates
- Recent amendments and updates to regulations
- Impact of new regulations on existing practices
Specifications
- Duration: 45 minutes
- Format: Hybrid (In-person and Virtual Options Available)
- Target Audience: Compliance officers, financial analysts, risk managers, and any staff involved in financial operations or compliance.
- Certification: Participants will receive a certificate of completion.
Latest Regulatory Updates
- Overview of the 6th Money Laundering Directive and its implications.
- Recent changes in reporting obligations and thresholds.
- Updates on Brexit’s impact on AML and CTF regulations in the UK.
This training is essential for professionals involved in finance, legal, or compliance sectors, ensuring they are well-prepared to uphold the integrity of their financial practices against potential threats of money laundering and terrorism financing.
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Improve the growth & efficiency of your organization by leveraging Compliance’s solutions and toolkits by Tier 1 consultants, lawyers and ex-Supervisors.
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Curriculum
- 1 Section
- 1 Lesson
- Lifetime
- UK Anti-Money Laundering and Counter-Terrorism Financing Leadership Training1
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