Anti Money Laundering

Short course

In City Of London

£ 250 + VAT


  • Type

    Short course

  • Location

    City of london

  • Class hours


  • Duration

    1 Day

16 Jul 14 / 19 Nov 14

Discounts available for multiple participants:  3-4 participants: 15% discount per participant 5-6 participants: 20% discount per participant 7-8 participants: 25% discount per participant 9 or more participants: 30% discount per participant. Suitable for:



Start date

City Of London (London)
See map

Start date

On request

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  • Compliance
  • Business management
  • Money laundering

Teachers and trainers (1)

Former  Practitioner

Former Practitioner

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Course programme

Course Overview:

This half day course provides an understanding of the current rules relating to the management of money laundering risk in the financial services sector.

It will be of benefit to anyone new to the financial services industry, those new to the UK regime or those needing to up-date their knowledge following the implementation of the Money Laundering Regulations 2007.

Course Content:


  • Historical context – how the current regime evolved including EEA requirements and the Financial Action Task Force recommendations.
  • The regulatory structure – Proceeds of Crime Act 2002 (as amended by the Serious Organised Crime and Police Act 2005), Money Laundering Regulations 2007, FCA Rules (SYSC), the Joint Money Laundering Steering Group guidance.

Individual liability – the offences, defences and penalties

  • Assistance
  • Failure to report
  • Tipping off

Institutional requirements

The systems and controls required to manage the money laundering risk within the business

  • Risk based approach
  • Customer due diligence
    • Identification and verification
    • Simplified and enhanced
    • Beneficial owners
  • Additional risk - Politically exposed persons
  • Reliance on third parties
  • HM Treasury – Financial sanctions and the Consolidated list
  • The responsibilities of senior management
  • The role of the Money Laundering Reporting Officer
  • Ongoing monitoring and the requirement to report
  • Record keeping
  • Staff training

The Joint Money Laundering Steering Group

  • Interpreting the rules and guidance on their implementation

Supervision, registration and enforcement

  • The role of the FCA
  • Supervising agency
  • Prosecuting authority

Anti Money Laundering

£ 250 + VAT