A Practical Guide to Anti-Money Laundering & Bribery - Live at Your Desk

Introduction

This practical live broadcast session is suitable for MLROs, their deputies, compliance officers and their teams and will cover all you need to know on the UK's AML and bribery laws and practice.

What You Will Learn

This live and interactive session will cover the following:

Anti-Money Laundering

• What is money laundering and where did it all begin?
• Who launders money?
• Key legislation including an overview of the updated Proceeds of Crime Act and the Criminal Finance Act 2017
• Money Laundering Regulations 2017 including the 5th Money Laundering Directive (5MLD) updates:
• Risk assessment requirements
• Policies, controls and procedures
• The changes to client due diligence (CDD)
• The extended definition on a PEP
• Beneficial owners
• Record keeping
• Training
• An update on the PSC Register and reporting of discrepancies
• The appointment of the MLRO and their duties
• Reporting of suspicions to the NCA and regulatory bodies
• The effect of MLR17 and Data Protection
• Penalties for getting it wrong

Bribery

• What is a bribe
• Key legislation - The Bribery Act 2010
• Hospitality, gifts and entertainment
• Bribes v gifts
• What is a facilitation payment?
• Should you make charitable donations?
• The role of the Bribery Officer and their duties
• Policies, registers and controls which need to be in place

Quick Quiz - Test Your Knowledge: Money Laundering

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.