The Solicitors Regulation Authority (SRA) is the supervisory body for the Money Laundering Regulations 2017 and has frequently stressed the need for effective arrangements to be in place to manage this particular aspect of risk management. This course is aimed at Money Laundering Reporting and Compliance Officers, along with all others who need to supervise anti-money laundering and terrorist financing activity or who need to understand how the regime applies to them. This concise half-day session will be equally beneficial for those stepping into a compliance role, who need refresher training or who need to update their current policies. The course covers the twin risks of criminal liability under the statutory offences and the regulatory framework required of firms under the Money Laundering Regulations 2017. You will benefit from the highly practical nature of the course and the extensive use of case examples and sample precedents.
You will learn about:
The main offences in the Proceeds of Crime Act 2002 and the Terrorism Act 2000
The supervisory and process requirements when the Money Laundering Regulations apply
The ‘customer due diligence’ process – getting the process right
Related areas of criminal finance law including sanctions controls