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

Competencies: A

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

Course Code: S4218

Description

The SRA will be carrying out rigorous checks on law firms to make sure they are meeting their anti-money laundering obligations & will shortly be writing to an initial sample of 400 firms asking them to demonstrate compliance with the Government’s 2017 Money Laundering Regulations.

Don’t get caught out.

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