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
All staff in your 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
both the Republic of Ireland and Northern Ireland.
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 UK & Irish legislation changes in this area (such as the new UK
Economic Crime Legislation), and how these impact your practice, as well as
the latest associated guidance.
- The important roles of both an Garda Síochána & the Revenue
Commissioners in Suspicious Transaction Reporting and investigation in the
Republic of Ireland, as well as the National Crime Agency (NCA), HMRC and the
PSNI in Suspicious Activity Reporting (SAR) in Northern Ireland and the wider
United Kingdom.
- When and how to report an AML issue, and when not to report. The new UK
NCA online reporting system will be a focus, as will be the existing
equivalent Irish online reporting systems. We will also discuss the practical
AML Reporting issues and dilemmas facing you;
- Professional Standard’s supervisory role, how they are now changing their
approach to AML compliance reviews in both jurisdictions, as well as the most
common findings that you can avoid at your firm will also be covered;
- An overview of the key updates in the soon to be released 2024 Institute
AML Toolkit and how best to employ this toolkit in your practice to remain AML
compliant; and
- The Sanctions Regimes in both the UK & Ireland 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.
Key Learning Outcomes
- Have full knowledge of the recent key significant AML related legislative
changes in your jurisdiction 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 current requirements.
- Gain an understanding of the common AML related compliance issues that we
see at firms across Ireland, as well as how to avoid them.
- Gain an insight into the changing regulatory regime in this area and its
impacts on your practice.
- Learn of possible future changes.
- Learn how best to employ the Institute AML Toolkit at your
practice.
Speaker Bios
Conal Kennedy FCA - 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 FCA - 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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