Courses take place in:

London and Manchester

Combating money laundering is not only a regulatory responsibility. It is also an integral part of protecting your firm from fraud and reputational risk. This training course, which is specifically designed for law firms, provides a unique and refreshing opportunity to gain a detailed understanding of the impact of the UK's anti-money laundering regulations. The training session involves practical guidance and the use of case studies to allow delegates to ensure that their firms meet the standards set out in the Regulations and the requirements of the Law Society.

This invaluable and practical training session examines core concepts of practical anti-money laundering (AML) compliance, including:

• key AML controls for law firms including practical guidance on appropriate systems to comply with the Money Laundering Regulations 2007, including a reminder of Proceeds of Crime Act, Terrorism Act, Sanctions Regime and Serious Organised Crime Agency
• the full duties, responsibilities and role of the Money Laundering Reporting Officer and firm's Partners
• dealing with privilege
• guidance on reporting and tipping off offences and the impact on law firms
• understanding risk based customer due diligence
• what other law firms are doing:
  • staff responsibilities
  • awareness and training methods and frequency
  • risk assessments
  • documenting and monitoring compliance
• what is coming next and how to keep up to date
• the use of donor and beneficiary data obtained from third parties and list swaps

Delegates will leave the session equipped to review their firm's systems and to introduce effective and workable solutions to the overall benefit of the firm and its employees.