Money Laundering Regulations 2007
Legal Finance Professionals Limited
Duration: 3 Hours
£175
(Where two or more delegates from the same firm attend a 15% discount applies. The price shown excludes VAT at 20%.)
Detailed information
| Duration: | 3 Hours |
|---|---|
| Price: | £175 (Where two or more delegates from the same firm attend a 15% discount applies. The price shown excludes VAT at 20%.) |
| Type: | Seminars |
| Method: | In a classroom |
| Accreditation: | Solicitors Regulation Authority (SRA) |
| Prepares for: | Attendance on this course will benefit solicitors, practice managers, COLP's, Nominated Officers and Money Laundering Reporting Officers in ensuring that they meet their professional and statutory anti-money laundering obligations within the UK. . |
| Geared towards: | This course is designed to meet the needs of Nominated Officers, Money Laundering Reporting Officers (MLRO's), sole practitioners, partners, members, directors, managers, fee earners, compliance/risk officers, practice managers and finance staff working within a solicitors practice or Alternative Business Structure (ABS). |
| Requirements: | No prior knowledge is required. |
| Internship: | Not Applicable |
| Students per class: | 25 |
Do you need further information?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
Course program
This course examines the key provisions of the Terrorism Act 2000, Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 as they affect solicitors in private practice. Detailed consideration of The Law Society's Anti-Money Laundering Practice Note ensures that delegates attending the course will be aware of what is considered to be best practice in this important area. A review of relevant disciplinary cases will help delegates to understand the regulatory approach adopted by the Solicitors Regulation Authority and the main areas of work where problems are most likely to arise.
Topics to be Covered
The Money Laundering Process
• Brief history of money laundering
• The definition of money laundering
• The money laundering process
• Practical examples within a legal firm
Outline of the Legal Framework
• Financial Action Task Force
• European Directives
• Proceeds of Crime Act 2002
• Terrorism Act 2000
• Money Laundering Regulations 2007
Money Laundering/Terrorism Offences
• Proceeds of Crime Act 2002
• Terrorism Act 2000
Money Laundering Regulations 2007
• Services to which they apply
• Extent of customer due diligence requirements
• Practical application of due diligence requirements
• Requirements relating to beneficial owners
• Timing of due diligence
• Renewing due diligence
• Ongoing monitoring requirements
The Role of SOCA
• Suspicious Activity Reports (SAR's)
• Seeking Consent
Enforcement
• Role of the SRA
• Powers under the Money Laundering Regulations 2007
Topics to be Covered
The Money Laundering Process
• Brief history of money laundering
• The definition of money laundering
• The money laundering process
• Practical examples within a legal firm
Outline of the Legal Framework
• Financial Action Task Force
• European Directives
• Proceeds of Crime Act 2002
• Terrorism Act 2000
• Money Laundering Regulations 2007
Money Laundering/Terrorism Offences
• Proceeds of Crime Act 2002
• Terrorism Act 2000
Money Laundering Regulations 2007
• Services to which they apply
• Extent of customer due diligence requirements
• Practical application of due diligence requirements
• Requirements relating to beneficial owners
• Timing of due diligence
• Renewing due diligence
• Ongoing monitoring requirements
The Role of SOCA
• Suspicious Activity Reports (SAR's)
• Seeking Consent
Enforcement
• Role of the SRA
• Powers under the Money Laundering Regulations 2007
Do you need clarification regarding the course program?
Contact the person in charge , free and at no obligation, for information on how to enroll, enrollment limit/availability and more.
Course location
Legal Finance Professionals Limited
Legal Finance Professionals Limited provides SRA accredited CPD training courses to the legal sector offering a full schedule of public courses throughout England & Wales or via in-house training. Our courses cover a range of regulatory and compliance topics including SRA Accounts Rules, SRA Handbook, Acting as a Compliance Officer for Finance and Administration (COFA), VAT for Solicitors and Money Laundering Regulations 2007. The company also offers advice and guidance to firms of solicitors on regulatory compliance issues ranging from a full SRA Compliance Health Check inspection to assisting firms or individuals who find themselves in difficulty with the SRA.