AML for the Regulated Sector - The Latest Update & Guidance

Introduction

The past 12 months has seen the identification of new and pressing money laundering risks, including a rise in vendor fraud to pooled funding.

The Proceeds of Crime Act 2002 (POCA) has also been amended to include important new provisions which directly affect firms operating in the regulated sector.

Alongside this, there have been significant cases in the area of AML enforcement as well as new case law which affects the offence of possessing criminal property, contrary to s 329 POCA.

This virtual classroom seminar provides an overview of the latest guidance, cases and provisions to assist regulated firms and persons with an interest in AML laws with keeping up to date and staying on the right side of AML compliance.

What You Will Learn

This live and interactive course will cover the following:

• The latest key AML risks which should be taken into account in your firm’s risk assessment
• Important new provisions in POCA and the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 which will impact your internal procedures
• New enforcement cases and case law
• What to watch for when applying Customer Due Diligence and undertaking source of funds checks

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.