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Keep shoppingAnti Money Laundering for the UK Accounting Sector
70 students
Anti Money Laundering for the UK Accounting Sector
Understand Rules, Regulations, and Effective Compliance to Protect Your Business
Created byLisa Newton
Last updated 10/2021
English
What you'll learn
- Understand the legal and regulatory framework around money laundering and how it applies to the UK accounting sector
- Identify the signs of money laundering including red flags, warning signs and suspicious activity
- Know how and when to report a suspicion of money laundering, including internal reports to the MLRO and external SARs
- Understand the role and responsibilities of the Nominated Officer (MLRO) within an AML-regulated firm
- Identify the three stages and different types of money laundering
- Ensure compliance with AML regulations and understand the consequences of non-compliance
- Apply practical AML procedures including Customer Due Diligence (CDD), record keeping, risk assessment and training requirements
- Understand Politically Exposed Persons (PEPs), beneficial ownership and when to apply enhanced due diligence
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Course content
2 sections • 53 lectures • 4h 39m total length
Requirements
- No prior knowledge of AML is needed — the course starts from the foundations
- Suitable for those working in or entering the UK accounting, bookkeeping or financial services sector
Description
The UK and EU governments are cracking down on anti-money laundering (AML) regulations, and non-compliance can lead to severe penalties and sanctions. If you're working in the accounting sector, it's crucial to understand your obligations and how to spot the signs of money laundering. This course is split into two parts, designed for all relevant staff and the Nominated Officer (NO) responsible for AML compliance.
Our course tutor, Lisa, is AAT qualified and has a first-class honours degree in Accounting with Marketing, and an MSc in Investment Management. As the NO in her own company regulated by the HMRC, she has direct experience implementing procedures, and audit checks by different institutions who were the AML supervisory body at various points in her career.
What Makes Your Course Unique: Our course tutor is a working professional with hands-on experience in AML reviews. The course includes checklists, templates, and practical guidance on how to implement AML procedures for compliance.
This course is ideal for bookkeepers, accountants, payroll bureaus, and others who need to know and adhere to AML rules. However, professionals in other industries, such as casinos, money transfer agents, financial services, estate agents, and solicitors, can also benefit from the course and show compliance if spot-checked.
Enroll now to gain a comprehensive understanding of AML regulations and protect your business from non-compliance penalties and sanctions.
Who this course is for:
- Bookkeepers, accountants and payroll bureaus who need to meet their AML obligations
- Nominated Officers (MLROs) who need specialist training on their responsibilities
- Practice owners who need to ensure their team is compliant and can evidence training
- Anyone working in an AML-supervised sector — including estate agents, casinos, money transfer agents and solicitors — who needs a thorough understanding of the regulations