Anti-Money Laundering Compliance
Dive into the finer details of AML regulation structure and assess your control framework and ensure you have all the correct processes and procedures in place
Partner products listed exclude VAT. You will be directed to an external site to complete purchase and VAT will be applied at checkout.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Create a solid company AML policy and make sure you have the correct processes and procedures in place
- Get to grips with current anti-money laundering regulations
- Understand the typical typologies used to launder money
- Spot the many "red flags” that could point to money laundering
- Conduct a ten-step AML risk assessment and scrutinise those risks
- Identify potential areas of improvement in your own organisation.
About this course
Both financial crime itself and anti-money laundering (AML) regulation are constantly evolving. Digitalisation means new ways of committing financial crime are being created and regulators are being kept on their toes to protect consumers and safeguard the financial system. The role accountants can play in identifying illegal activity in this area is key.
This course outlines the rules and regulations involved in anti-money laundering compliance. It thoroughly explores the kind of in-depth customer due diligence that accountants and finance professionals should be carrying out to mitigate the risks of money laundering and terrorist financing.
The course dives into the finer details of AML regulation structure and will help you to assess your control framework and ensure that you have all the correct processes and procedures in place.
We are pleased to bring this product to your attention, which we believe may assist with your AML compliance, but please note that this does not constitute a recommendation from AAT. Liability for AML compliance ultimately remains with you when it comes to your firm demonstrating that it is meeting its legal and regulatory obligations.
Overview
E-learning |
|
3 - 5 hours |
|
Risk Management |
Syllabus
The world of money laundering
- Money laundering activities
- Anti-money laundering regulation
- An international framework
- Making sense of the regulations
- Developing AML policy
- The role of technology
- Recognising the threat
- Red flags for accountants
- Best practice
Anti-money laundering regulations
- Anatomy of AML regulations
- Regulation revisions
- Staying up to date
- Creating an AML policy
- A culture of compliance
- Reporting suspicious activity
- Three lines of defence
- Compliance is good for business!
Protecting your organisation
- Conducting an AML risk assessment
- Preventive measures for accountants
- Keeping down compliance costs
- How well do you know your customer?
- Audit and regulatory reporting
- The digital landscape
Assessing clients for risk
- Risk mitigation strategies
- Applying levels of risk
- Determining due diligence
- Who benefits?
- Does ownership matter?
- The problem with PEPs
- Know your sources
- Ongoing monitoring
- Technology and AML.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.