AML for Accountants - Autumn 2024 Update

Introduction

Everyone working in the accountancy world needs to be up to date with all things AML related and 2024 so far has been full of changes and updates in legislation, regulations and guidance.

In the last year or so, the regulators have updated their guidance to include proliferation financing and changes to discrepancy reporting. There has been an emphasis on sanctions and the use of technology and regulators have released templates and issued advice on key areas of non-compliance found during their AML visits.

MLROs, deputy MLROs, MLCPs and compliance teams will need to ensure that all policies, procedures and internal controls and risk assessments have been updated to incorporate the changes and training has been provided for the staff.

This new webinar will ensure you are up to speed with recent developments and is essential viewing for those who wish to keep up to date in the world of AML.

What You Will Learn

This webinar will cover the following:

• An update on the key points of the legislation
• The Money Laundering Regulations 2017 and any changes made in relation to:
• Risk assessment requirements
• Changes made to due diligence
• Capturing of client information
• Identifying the source of funds and wealth
• The extended definition of a PEP
• High risk third countries
• Beneficial owners
• Record keeping
• MLR2017 and Data Protection
• Training - who, what, when and how
• Reporting to the NCA - what to report and the types of SAR to make
• Penalties for getting it wrong
• What the regulators are reporting

This webinar was recorded on 8th August 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.