Firmwide Annual AML Compliance Training - Are You Up to Date?

Introduction

The next thematic review for 2024 by the SRA will be on AML training!

It’s that time of year again!

Section 8.5 of the Legal Sector Affinity Group (LSAG) guidance says that ‘all employees and agents should receive training at regular and appropriate intervals both to update on new developments and to refresh existing knowledge’.

The guidance also says that training of staff on anti-money laundering should be specific and role-based ‘although some form of high-level basic AML awareness/refresher training should be taken annually across all relevant employees.’

So, when did your employees and agents have their last refresher?

With updates and amendments to legislation, regulations and guidance being made all of the time would you staff be up to date in their knowledge or these changes?

If the answer is ‘no’ then it is time for that awareness training.

Presented by Jo Morris, this virtual classroom seminar will cover the key points of the money laundering regulations with the latest updates together with anything else that is new.

What You Will Learn

This live and interactive session will cover the following:

• Introduction
• What’s been happening - new LSAG guidance, SRA Sectoral risk assessment updates etc
• A refresher on the key points of the money laundering regulations and LSAG guidance 2023 including:
  • Risk assessments
  • Policies, controls and procedures
  • CDD including enhanced CDD regarding PEPs and high risk third countries
  • Source of wealth and source of funds
  • Discrepancy reporting
  • Proliferation financing
• An update on the SRA thematic reviews and their findings over the last year

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.