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A Practical Guide to Anti-Money Laundering & Bribery

21st Sep 2015
Brought to you by
AIA
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Have you found this content useful? Use the button above to save it to your profile.

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
    • The Bribery Act 2010
  • 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?

Please click here to read more

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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