Brexit and beyond – The future of AML law and compliance

Summary

"The only constant in life is change", so said Heraclitus of Ephesus. This truism is found no more so than in the arena of law and regulation. Since 2017, when the 4th EU Money Laundering Directive was transposed into UK and RoI regulation, there have been numerous amendments and new laws introduced to keep pace with change. Change in financial technology and instruments but also change in the way a tech savvy criminal class seek to circumvent compliance regimes to expose the regulated sector to the risk of money laundering. Keeping track of these changes and how they impact business requires poise and professionalism and a recognition that failure has significant reputational and legal consequences.

Venue details:  
Webinar, Online, Online
Start date & time:  
23 October 2020 09:30
End date & time:  
23 October 2020 11:30
Price:  
By registering for this course you have accepted the terms and conditions
CPD hours:  
2.00
Speaker details
First nameLast name
Andrew Coles

Description

Product type:  
CPD course
Category:  
Audit and assurance

This workshop will be delivered on Friday 23 October 2020 at 0930am to 1130am. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

Money Laundering Reporting Officers, Nominated Officers, Compliance Officers and Managers.

Course overview

  • Understanding the UK and ROI Anti Money Laundering framework and how it applies nationally and internationally.
  • Understand the requirements of recent regulatory amendments to the MLR
  • How to use electronic customer due diligence with confidence
  • How will the new Criminal Finances Act (due to come into effect in November 2020) affect your business
  • How to operate in a multi jurisdictional environment
  • Engaging with Law enforcement

Key learning outcomes

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

  • Have an understanding of current Regulatory and Legal responsibilities of a compliant AML regime
  • How to deal with necessary changes to remain complaint with AML responsibilities
  • How to be prepared for new laws and amendments due to come into effect this year
  • How to respond to Regulatory inspections and law enforcement engagement

Speaker bio

Andrew has been a law enforcement officer for the last 35 years. After completing 30 years in policing, during which he was engaged in targeting organised crime gangs through assets denial and financial investigations, he moved to Citi bank UK. At Citi, Andrew was employed in identifying suspicious activity conducted by high net worth individuals and mitigating their activity. He also worked actively with various law enforcement agencies to assist them in complex international money laundering activities. Since 2017 he has worked with the National Crime Agency in its Asset Denial branch where he has been employed targeting historic untouchables and removing their criminal assets. Since 2010 Andrew has also been engaged in training law enforcement officers in the use of their powers under the Proceeds of Crime Act and latterly through his company, Rhinoconsulting, he has trained and assisted a range private clients in AML compliance and target hardening their businesses. His clients include members of the Irish League of Credit Unions, The Law Society of Northern Ireland and the Chartered Accountants of Ireland (and a number of their members). Andrew has also been worked for the North Macedonia Financial Police and the Judicial Authorities in Kosovo in the delivery of training to law enforcement officers, prosecutors and judges in the use of asset denial powers.