In the UK alone it is estimated that money laundering costs around £57 billion per year. Professional service providers are one of the key targets for money launderers because of the services they provide and, in some instances, have a client account.
Getting it wrong in relation to money laundering and bribery can be costly including fines and imprisonment so it is essential you get things right.
- Could you identify the key signs of money laundering?
- Do you know who to report suspicions to and what happens when you make a suspicious activity report?
- Do you know the consequences of accepting or offering a bribe?
This course will be interactive using Qwizdom handsets and will look at some real life cases and scenarios throughout the day.
This course will cover the following:
Anti-Money Laundering
- What is money laundering and where did it begin
- Who launders money?
- The three stages of money laundering
- Key legislation including:
- The Terrorism Act 2000
- The Proceeds of Crime Act (POCA) 2002 including principal offences and their defences
- The Money Laundering Regulations 2007 including:
- Risk assessment
- Customer due diligence (CDD)
- Monitoring
- Record keeping
- Internal procedures and policies
- Training
- The role of the MLRO and their reporting duties
- Who are the NCA and what is their role together with statistics and data
- Making a report to the NCA - what happens next
- Penalties for getting it wrong
- Policies and procedures - how many and what should they include
Bribery
- What is a bribe?
- Legislation
- Hospitality, gifts and entertainment
- Bribes v gifts
- What is a facilitation payment?
- Donations
- Complying with the Bribery Act
- How do you determine 'clean' and 'dirty' countries you may deal with in relation to bribery and corruption?
- The Ministry of Justice and the six principles
- Offences under the Proceeds of Crime Act 2002
- The cost of getting it wrong
- Policies and procedures - have you got any in place?
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This course will be taking place in:
LEEDS - 30 September
LONDON - 15 October
CAMBRIDGE - 21 October
MANCHESTER - 27 October
NEWCASTLE - 4 November
GLASGOW - 19 November
BRISTOL - 24 November
BIRMINGHAM - 15 April 2016
Please click here to read more
We're currently offering a reduced rate of £240+VAT (standard rate is £480+VAT) to accountingWEB readers - to book your discounted place now please contact [email protected] quoting reference AWEB15 and the course title.
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