Format
This 3.5 hour session will be delivered via Zoom on Thursday 9 Novemeber from 9.30am to 1pm. The Zoom link will be emailed to participants the day before the course is due to take place.
Who should attend
All staff in you practice, right through from Partner level to Trainees have specific AML responsibilities and hence attendance on this interactive webinar for all members of your team would be of benefit to ensure that your firm remains fully AML compliant.
This course specifically focuses on the needs of accountants in practice in Northern Ireland, but is equally relevant to practitioners across the United Kingdom.
Course overview
- From the Whole Firm Risk Assessment, to the documentation that you should have for each and every client, as well as current reporting requirements, this webinar will allow you to gain the understanding on what you now need to be fully AML compliant at your practice in just one session;
- An understanding of what Money Laundering is and what signs you should look out for;
- Recent changes to UK AML Legislation, and how these impact your practice and the latest guidance available;
- The important roles of the National Crime Agency (NCA), HMRC and the PSNI in Suspicious Activity Reporting (SAR);
- When and how to report an AML issue, and when not to report. We will in particular focus on the new NCA online reporting system;
- We will also discuss the practical AML Reporting issues and dilemmas facing you;
- Professional Standard's evolving supervisory role, how they are now changing their approach to AML compliance reviews, as well as the most common findings that you can avoid at your firm will also be covered;
- We will also discuss recent changes to the ways we now work/do business and how these can impact on your AML responsibilities, as well as give you an insight into likely future changes in this area; and
- The ever evolving UK & International Sanctions
Regimes associated with the Russian invasion of the Ukraine, and what you need
to do to ensure your compliance.
This webinar will be as interactive as possible, with time allocated to allow participants to ask the questions and deal with the AML issues that matter to you. We will also show how the Institute AML Toolkit can assist your practice to remain compliant in this area.
Key Learning Outcomes
By the end of this course, participants will be abel to:
- Have full knowledge of both recent and likely upcoming key significant AML related legislative changes and their impacts on your firm.
- Identify where gaps exist in your current AML compliance systems and the required updates to ensure that you firm will be fully AML compliant to meet the new requirements.
- Gain an understanding of the common AML related compliance issues that we see at firms across Northern Ireland, as well as how to avoid them.
- Understand when and how to make an AML related report to the relevant authorities.
- Gain an insight into the changing regulatory regime in this area and its impacts on your practice.
- Learn of possible future changes in this area.
Speaker Bios
Conal Kennedy - Conal is Head of Practice Consulting in Chartered Accountants Ireland. He and his team provide advice and support to practices throughout Ireland, and publish a range of practice toolkits covering audit, accounting and compliance. Over a 16 year period in Practice Consulting, Conal has coached and advised many practices through major change events such as mergers, acquisitions and retirements. He has also advised on practice development and marketing.
Jeremy Twomey-Jeremy in his role as Practice Consulting Manager works to support our member practitioners across our service areas, with a particular focus on compliance support, training and our associated advisory services. Jeremy is a Fellow of the Institute, having trained with Ernst & Young; he has held senior management positions across both financial and professional services, as well as the public sector.
Contact us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930
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