Once you have booked your course, the link to the
recording will be available in your "My Account" area.
Please be aware that you will have access to this course
for 180 days from the date of purchase
Online courses cannot be booked on behalf of someone else.
Access will only be granted to the person completing the online
order.
Who should attend
This course was recorded in November 2023 and is suitable for 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
This course is also available for in-house training. If you're interested,
please contact our team here or call us at (+353) 01 523
3989
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