AML, Terrorist Financing & Financial Crime Update - Risks, Obligations & More

Introduction

There is an ever-increasing burden on businesses to address the risk of economic crime.

In addition to the obligations imposed on the regulated sector to address the risk of money laundering and terrorist financing, both regulated and unregulated businesses have statutory responsibilities to address a range of other risks including fraud, bribery, and sanctions legislation.

The growing body of economic crime legislation and substantial penalties imposed for non-compliance makes financial crime risk one that no business can afford to ignore.

This new virtual classroom seminar will address the key areas of corporate financial crime risk, what the legislation covers, the main criminal offences and which businesses and activities they apply to.

It will also describe what your company’s mandatory obligations are under UK legislation and how to go about meeting those obligations, making it ideal for compliance and finance staff, MLROs, MLCOs and finance directors.

What You Will Learn

This live and interactive session will cover the following:

• A brief overview of the history and development of money laundering and terrorist financing legislation
• The money laundering and terrorist financing offences
• The significance of Proliferation Finance
• Financial sanctions
• Reporting obligations
• The concept of ‘failure to prevent’ and the corporate offences:
• Bribery
• Tax evasion
• Economic crime and fraud
• Employee fraud and the identification doctrine
• Managing risk using the ‘six guiding principles’
• Prosecution examples and case studies
• Emerging economic crime threats

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.