A Guide to Anti Money Laundering Compliance for Accountants

Summary

Governments around the world have recognised that anyone engaged in providing regulatory functions must comply with Anti Money Laundering law. Against this backdrop, 2017 and 2018 were momentous years for new Anti Money Laundering Laws and Regulations. The focus is now on the regulated sector to respond appropriately and to play their part.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
30 October 2019 09:30
End date & time:  
30 October 2019 12:30
Price: €131.25  (€105.00 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
4.00
CPD hours:  
3.00
Speaker details
First nameLast name
Andrew Coles

Description

Product type:  
CPD course
Category:  
Governance, risk and legal

Who should attend

This course is suitable for newly qualified accountants, sole practising accountants and staff engaged in any face to face engagement with clients

Course overview

  • The legal and regulatory framework and how it applies to the Republic of Ireland
  • Current Red Flags and Money Laundering Methodologies
  • How to apply the Risk Based Approach to Anti Money Laundering compliance
  • Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) and Politically Exposed Persons (PEPS)
  • How to write a good Suspicious Transaction Report
  • Record Keeping - "if it isn't written down it didn't happen"
  • Register of Beneficial Ownership extent, nature and requirements of the new regulations

Key learning outcomes

By the end of this course, participants will be bale to:

  • Understand how to apply the Money Laundering Regulations appropriately to your firm
  • Creating an Anti Money Laundering risk assessment appropriate to the size and nature of you business
  • Recognise Anti Money Laundering "Red Flags"
  • How to develop a compliant customer due diligence model
  • How to respond to Suspicious Activity

Speaker Bio

Providing training to the Regulated Sector, including Solicitors, Accountants, Estate Agents and Credit Unions as well as 'High Value Dealers' such as Jewellers, Auctioneers and Car Dealerships. The training relates to their statutory responsibilities surrounding Anti Money Laundering (AML) legislation and Counter Terrorist Financing (CTF). Providing Consultancy to the Regulated Sector to implement and improve policy and procedures in the areas of AML and CTF.