The Liver Building

Anti Money Laundering Update

Details

Speaker: Jo Morris

Date: Tuesday 4th June, 2019

Time: 10:00 - 12:45

Areas of Law: Management

Venue:
Liverpool Law Society,
2nd Floor Helix,
Edmund Street,
Liverpool,
L3 9NY

Course Code: S4218

Description

On the 26th June 2017, under the Fourth Money Laundering Directive (4MLD), the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came in to force.  Changes were also made to the Proceeds of Crime Act (POCA).

In December 2018 the results of the Financial Action Task Force (FATF) inspection were released which still said that there were improvements to be made in the way law firms work with regards to anti-money laundering.  The SRA also continue with their thematic reviews with regards to AML.

The MLR 2017 looks at many areas to consider – policies, procedures, training, CDD and PEPs to name but a few. How much have you put in place over the last two years to ensure you are up to date with all things AML?

The course will cover:

  • Introduction
  • FATF inspection and the SRA thematic reviews
  • What is AML and CTF
  • Legislation including the Proceeds of Crime ACT 2002 (POCA)
  • The Money Laundering Regulations 2017:
    • Risk assessment requirements and the role of the MLCO
    • Policies, controls and procedures
    • Training
    • Changes made to due diligence
    • Capturing of client information
    • Identifying the source of funds and wealth
    • The extended definition of a PEP
    • Beneficial owners
    • Record keeping
  • Reporting to the NCA – what to report and how to complete a SAR
  • Facts and figures from the NCA
  • Penalties for getting it wrong
  • Template documents – what records should you be keeping
  • The future – 5MLD and 6MLD

 

 

 

Speaker Biographies

Joanna Morris has over thirty years’ experience of working in solicitors practices from being a legal cashier to a practice manager.  Joanna is a consultant having previously worked in a top 40 law firm as a Risk and Regulatory Compliance Training Manager.  She has also worked as the Finance Compliance Manager for the first Alternative Business Structure (ABS) in Wales.  She is a Diploma member of the Institute for Legal Finance and Management (ILFM).  Joanna is a qualified NVQ assessor and holds a Certificate in Education for Teaching in the Lifelong Learning Sector. Jo was highly commended in June 2011 by the Legal Education and Training Group (LETG) in the category Best Programme for Lawyers for Solicitors Accounts Rules training for Hill Dickinson LLP.  She was also shortlisted in the category of Compliance Trainer of the Year for the Women in Compliance Awards 2014.

Prices

Member £105
Non-member £150
Corporate Member Training Offer 1 Credit
Training Season Ticket Free
Note: 20% VAT added at checkout