Session One: Anti-Money Laundering
What do we mean by AML?
Global size of the problem
The basic structure of money laundering transactions
Worked examples of how money is laundered in the legal sector and firm’s clients
‘Predicate Offences’ and their importance
By the end of this session, delegates will be able to identify the different types of AML and explain the different stages of laundering money through the financial system
Session Two: Regulatory Bodies and Due Diligence
The role of multi-jurisdictional regulators in combatting money laundering
Due diligence and KYC basics
UBO-the importance of the controller
Not putting revenue before risk
Understanding the consequences of non-compliance
Worked examples of where DD/KYC has gone wrong and how to spot trouble
Suspicious minds and escalation
By the end of this session, delegates will be able to chart the DD/KYC process and identify the key information needed to ensure that new and existing clients can be assessed accurately.
Session Three: Other Types of Financial Crime
Sanctions & Sanctions evasion
Sanctions lists and regulatory bodies
Tax evasion – examining examples and recent issues
Fraud, bribery & corruption – predicate offences
Terrorist financing and how legal firms are constantly under threat
By the end of this session, delegates will be able to distinguish between predicate crimes and how these are committed as well as understanding the crime ‘chain’ as the money flows through the financial system.
Course Review & Summary
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