Booking Information
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 on 7 November 2024 and is suitable for 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 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 AML Legislation (such as the new UK
Economic Crime Legislation), 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; and
- Professional Standard’s evolving supervisory role, their approach to AML compliance reviews, as well as the most common findings that you can avoid at your firm will also be covered.
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 updated 2024 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 able
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 Anti Money Laundering, Audit, Accounting and Compliance. Over a 17 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
Note for Legacy CPA Members
Members who joined Chartered Accountants Ireland following1 September 2024, please continue to book on the CPA Portal here to ensure you receive your member discount.
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