International Anti-Money Laundering
Are you familiar with the regulation on tackling money laundering and the financing of terrorism in the global financial system? This course explores the regulatory system within global finance designed to eliminate money laundering and to counter the financing of terrorism.
£150 +VAT
International Anti-Money Laundering
£150 +VAT
365 days’ access
International Anti-Money Laundering
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Recognise, understand, and minimise the risk to your organisation and clients of money laundering
- Understand the AML/CFT regulatory system across the world
- Identify who is an ‘obliged entity’ and their main duties
- Follow the process of normal due diligence
- Understand the process of enhanced due diligence and what to do if a customer is ‘high risk’
About the course
Anti-money laundering (AML) and countering the financing of terrorism (CFT) is an increasingly important area for accountants. A thorough understanding of the regulatory system within global finance will help you minimise risk for your organisation and your clients.
This course takes an in depth look at the regulatory system within global finance designed to eliminate money laundering and to counter the financing of terrorism. It gives you everything you need to understand this complex but important subject including information on Financial Action Taskforce (FATF), obliged entities, what would be considered normal and enhanced due diligence and much more.
Contents
Aims and substance
Fighting financial crime
Regime objectives
Sanctions and embargoes
National law-making
Sources of advice
Main duties of an obliged entity
Obliged entities
Who is an obliged entity?
Internal AML/CFT organisation
Due diligence
A risk-based approach
Normal due diligence
Normal due diligence
Customer due diligence
Non-natural legal persons
Politically exposed persons
Enhanced due diligence
Enhanced due diligence
What does EDD consist of?
Practical examples of EDD
EDD and PEPs
Black holes
Black holes
Validating authenticity
High risk countries
Trusted third parties
Electronic identity
Unexplained wealth order
Author
Bob Lyddon
An experienced management consultant both privately and with PwC.
11 reviews for International Anti-Money Laundering
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Sikandar Iqbal –
5stars
Caroline Gavin –
More examples would be good
Karen Thomson –
Bob makes the course incredibly interesting by using dry humour, being unbiased in his approach and by citing case studies. I would be keen to take more courses by this author.
Timothy Joseph O`Sullivan –
Excellent
Christine Dove –
Useful to understand the background to the regulations but would have liked more examples relevant to accountants
Colum Jezierski –
Difficult to ascertain practicle steps to implement AML procedures
Steven Francis –
This course appeared to be aimed primarily at the banking sector however, as the MLRO for an ACCA practice, I found it to be a thorough course covering the main aspects of AML.
Toni Hunter –
it was interesting, but very focused on banking, very little practical information for small professionals
Sam Jarrett –
Didn’t feel like it was aimed at the sort of organisation I work in (small accountant working with small, local business owners as opposed to multi-national bank) and only covered certain aspects of AML ie KYC rather than the broader subject
Mutsa Makurumidze –
It was an okay course
Ee Lynn Foo –
Can have more details