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The "Anti-Money Laundering for the UK Accounting Sector" course is designed to provide individuals working in the accounting sector with a comprehensive understanding of money laundering and how to prevent it.
Original price was: £119.99.£29.99Current price is: £29.99.
Course Access
Unlimited Duration
Last Updated
04/10/2023
Students Enrolled
00
Course Duration
4 hours, 39 minutes
Course Instructor
Certification
The "Anti-Money Laundering for the UK Accounting Sector" course is designed to provide individuals working in the accounting sector with a comprehensive understanding of money laundering and how to prevent it.
Through this course, you will learn about the legal and regulatory framework around money laundering, including the UK's Proceeds of Crime Act (POCA) and Money Laundering Regulations (MLR). You will also learn about the different stages and types of money laundering and the role of law enforcement and regulatory bodies in preventing and detecting money laundering.
The course will also cover practical steps that accountants can take to prevent money laundering, including customer due diligence, risk assessment, and reporting suspicious activity. You will learn about the importance of record-keeping and the role of internal controls in preventing money laundering.
By the end of the course, you will have a thorough understanding of money laundering and the measures that can be taken to prevent it in the accounting sector. This course is essential for accountants who want to ensure that their organisation is compliant with anti-money laundering regulations and is not involved in illegal activities.
What you will learn
- Understanding anti-money laundering regulations
- Legal obligations when working in the accountancy sector
- Identifying signs of money laundering
- Procedures to follow when encountering money laundering
- Compliance with AML regulations
- Nominated Officer responsibilities
- Training relevant staff
- Checklists and templates for implementing AML procedures
- Penalties and sanctions for non-compliance
- Demonstrating compliance during spot checks
Is this course for you?
This course is ideal for those who work in or aspire to work in the following professions:- Individuals working in the accountancy sector
- Relevant staff who need to identify signs of money laundering
- Nominated Officers responsible for implementing and overseeing anti-laundering activities
- Specifically designed for the UK market
- Also suitable for professionals in other industries such as casinos, money transfer agents, financial services, estate agents, and solicitors.
Why Choose this course?
- Conducted by industry experts
- Get Instant E-certificate
- Fully online, interactive course with Professional voice-over
- Developed by qualified professionals
- Self-paced learning and laptop, tablet, smartphone friendly
- Tutor Support
Certification
Upon successful completion of this course, an instant e-certificate will be generated free of charge. The digital version of the course transcript is available for £2.99.Course Instructor
Accredited by
UKRLP Registered Provider
Moneyback Guarantee
Course Content
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- Introduction to the Course Structure 00:02:00
- Overview of part 1 – for all 00:01:00
- Introduction to the course and your tutor 00:04:00
- The Accountancy Sector 00:07:00
- Breaking Bad 00:08:00
- Why do I have to do this? 00:06:00
- What do HMRC do? 00:02:00
- Role of the Nominated Officer 00:02:00
- Recognising suspicious activity 00:14:00
- Reporting suspicious activity 00:06:00
- The requirements when it comes to AML 00:15:00
- Non compliance 00:02:00
- Flag it up 00:05:00
- How can it be done? 00:10:00
- How big is the problem? 00:06:00
- Red flags 00:01:00
- Warning signs 00:05:00
- Recap of part 1 00:02:00
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- Introduction to part 2 – the section aimed at the NO 00:02:00
- Client verification 00:11:00
- Introduction to the Money Laundering regulations 00:04:00
- Responsibilities and oversights 00:01:00
- The Legal and Regulatory Framework 00:02:00
- Defence 00:03:00
- Responsibility and oversight 00:09:00
- Nominated Officer 00:15:00
- How might the MLRO role be split? 00:05:00
- Record Keeping 00:02:00
- Training and Awareness 00:07:00
- Risk based approach 00:11:00
- Different types of risk 00:07:00
- Customer Due Diligence (CDD) 00:05:00
- Stages of CDD 00:05:00
- Beneficial ownership 00:08:00
- When and how should CDD be carried out? 00:07:00
- Politically Exposed Persons (PEPs) 00:06:00
- Relying on 3rd parties 00:07:00
- Use of electronic data 00:02:00
- What happens if CDD cannot be done 00:04:00
- Suspicious Activity Reports (SAR) 00:07:00
- When to make a report 00:04:00
- Failure to disclose 00:03:00
- Should I submit a report? 00:03:00
- Internal Report to the MLRO 00:02:00
- External SAR 00:08:00
- Consent 00:07:00
- Record Keeping 00:06:00
- Training and awareness 00:05:00
- The Laws 00:02:00
- High Risk Factors 00:05:00
- Low Risk Factors 00:03:00
- Brexit 00:01:00
- Conclusion 00:02:00
