Anti-money laundering webinars for 2019/20

The webinar is split into 9 modules covering every aspect of anti-money laundering your practice needs to know.

It is supplied with a short module explaining who should view each module. It is not envisaged that every person needing training will need to view all 9 modules.

It is supplied with 2 self-test quizzes so you can demonstrate team members have understood the training.

The webinar is carefully crafted to ensure the modules are designed for General Practices.  You select only those you need for your team.

Covers all major Anti-money laundering developments that affect General Accountancy Practices.

Format

• The webinar is supplied as 1GB download.
• The modules are supplied in mp4 format
• The quizzes are in MS Excel
• They run locally on your PC or your server. They are NOT run over the internet

Samples

You can view short extracts:

Extract One

Extract Two

Module  –  Introduction to anti-money laundering – 5 minutes

• Basic overview of the legislation
• Regulators
• Money Laundering Reporting Officer (MLRO)
• Identity checks
• On-going checks
• Suspicions of criminal acts

Module – overview of legislation and the 6-step process – 9 minutes

• Anti-money laundering legislation
• The legislation
• Consultative Committee of Accountancy Bodies
• Who is covered?
• Money Laundering Reporting Officer
• Suspicions and reporting module
• What to report?
• Placement – Layering – Integration
• Criminal offence
• The 6-step process

 Module – Risk – 17 minutes 

• The 6-step process
• Risk-based approach
• The assessment
• Risk categories
• How the risk works
• Service risk
• Geographic risk
• Client
• Sector risk
• Delivery channel risk

Module – Due diligence – 10 minutes 

• The 6-step process
• Due Diligence / CDD / On-going checks
• Implications of not performing CDD checks
• Difference between ID and CDD
• Risk evaluation
• On-going checks
• Standard form
• Example form
• CDD Examples

 Module – MLRO – 30 minutes

• For new MLROs
• Refresher for existing MLROs
• The 6-step process
• MLRO role
• Risk-assessment document
• Steps 2 and 3
• Identification process
• On-going checks / due diligence
• Training and procedures
• Manual
• Employee screening
• National Crime Agency
• Keeping documents
• Consent
• Privilege
• PEPs
• New information on the annual return
• Disclosure and barring
• Checklist – List of MLRO duties - 1
• Checklist – List of MLRO duties - 2
• Change of accountants
• GDPR
• Possible developments
• Use of quizzes

Module – Identification checks – 20 minutes

• Risk-based identification checks
• The 6-step process
• Documentation
• Risk evaluation
• Risk evaluation - examples
• Simplified and enhanced due diligence
• Verification
• ID Checks
• Timescale for ID checks
• Third party verification
• Electronic verification & manuals
• Certification
• Private Company / LLP checks
• Beneficial ownership
• Charities
• Trusts
• Politically exposed persons

Module – Reporting – 20 minutes

• Internal reporting procedures
• Placement – Layering – Integration
• Criminal offence
• Suspicions
• Reporting process
• Tipping off
• Examples of reporting
• What would you do? – worked examples
• But the authorities already know!
• What to report internally

 Module – Short module – 13 minutes

• Who should use this module
• Who is covered?
• Money Laundering Reporting Officer
• How the risk works
• Summary of the approach – initial ID
• Initial checks
• Timescale
• Beneficial owner
• On-going checks
• What are we reporting?
• Suspicions and known facts
• Reporting process
• Things to consider before reporting to the MLRO
• Quizzes

Module – Bribery – 10 minutes

• Bribery
• Bribery Act – defences 1
• Bribery Act – defences 2
• Hospitality
• Hospitality – policy
• Whistle-blowing
• Who to report to
• Whistle-blowing awareness