- What money laundering is and how and why it takes place
- What constitutes a money laundering offence
- What the ‘regulated sector’ is, and the role of the bodies that regulate it
- An overview of unusual activities which may indicate money laundering taking place
- What to look out for with both regular customers and new customers to spot signs of money laundering
- A close look at money laundering legislation, e.g. POCA (Proceeds of Crime Act 2002), MAR (Market Abuse Regulations), and CFA (Criminal Finances Act 2017)
- What the regulations require from ‘relevant persons’ in your organisation
- The roles, responsibilities, and policies your organisation must put in place to comply with legislation
- An in-depth look at the accounting ‘red flags’ that indicate a high-risk for money laundering activity
- What transaction patterns are and how to stay aware of them
Who would benefit
Suitable for employees at all levels and focused on those operating in a Money Service Business (MSB). Some of these requirements for MSB’s place additional duties and responsibilities on organisations operating within the regulated sector because of the high-risk nature their work.
Certification and assessment
Subject to the satisfactory completion of the assessment accompanying this course, learners are given access to an electronic Solicitors Regulation Authority approved certificate (in PDF format), which they are able to print and display.