The regular review of money laundering risk management procedures and compliance continues to be important as does the requirement to maintain appropriate systems forming part of the management obligations of the firm under the SRA Handbook for outcome focussed regulation. The outcomes in chapter 7 include the management of anti money laundering compliance. The issues relating to anti money laundering and counter terrorist financing continue to evolve together with the efforts of those attempting to launder money to find new methods. The course will address the current challenges, review the legislation and the relevant case law as well as consider continuing issues where change is being considered. The course will be relevant to Money Laundering Reporting Officers and all those with the responsibility of managing compliance or with an interest in relation to anti money laundering and counter terrorist financing systems and procedures.
The course will cover:
- Risk assessment
- Customer due diligence
- Beneficial owners
- Identification and verification
- Electronic service providers
- Timing of procedures
- Ongoing monitoring
- Simplified and enhanced due diligence
- Reliance on third parties
- Record keeping
- Internal procedures
- Compliance and auditing
- Privilege
- Training
CLT Member Fee £210.00
Non Member Fee £420.00
Geoff Dearing is a solicitor and former Managing Partner of Brachers Law. He is a director of a software company specialising in debt recovery and risk management, and of a company specialising in solicitors professional indemnity insurance. Geoff also advises in relation to risk management issues, compliance and money laundering.
