An Introduction to Anti-Money Laundering & Terrorist Financing

If you register for both the morning AML and afternoon AML courses, you will only be charged the full day course fee.

With financial crime not only becoming more prevalent but also drawing considerable attention from regulators, it is more important than ever to ensure your firm is meeting regulatory expectations to counter money laundering and terrorist financing and is compliant with the myriad of law and regulation in this area.
This introductory course is designed to assist financial crime professionals in keeping up to date with Investment Management industry best practice, and to ensure that they have the policies and procedures in place to not only protect their firm from regulatory scrutiny, but also, detect and counter money laundering and terrorist financing.

Key learning objectives

• Understanding Money Laundering and Terrorist Financing
• The UK AML regime
• An introduction to customer due diligence

09:30 Financial Crime today

• What is money laundering? what is anti-money laundering?

09:50 Source of legislation

10:00 The UK AML Regime

• The 3 Lines of Defence (3LoD) Model
• Roles & Responsibilities
• Governance:
• Senior management responsibility
• Governance & structure
• Clear accountabilities across the 3LoDs
• The Risk Based Approach
• Training
• Assurance and Audit

10:45 Break

11:00 Customer Due Diligence

• Why it is important
• What good looks like
• The difference between CDD and EDD
• The difference between Source of Funds and Source of Wealth
• Ongoing monitoring

11:30 The international nature of money laundering

11:45 Case study

12:15 Multiple choice quiz

12:30 Conclusions and networking lunch

• An opportunity for you to network with the trainers and other delegates

This session is suitable as an introductory or refresher course that will give you a solid understanding of core money laundering and terrorist financing risks in Investment Management and how to protect against them.

Chris Scott

Chris is a Principal Associate in Eversheds Sutherland’s Corporate Crime and Investigations team. Chris advises a range of multinationals, financial institutions and individuals on criminal, regulatory and internal investigations and on compliance with UK anti-money laundering (AML), anti-bribery and corruption (ABC) and other financial crime legislation and regulation.

His experience includes:

• Advising several multinational banks on criminal investigations and potential criminal liability arising from bench mark rate manipulation;
• Advising a bank on criminal and regulatory investigations concerning alleged fraud arising from conduct during the 2008 financial crisis;
• Acting for a US based private equity firm in connection with a private prosecution alleging fraud and forgery pursued against it by a former joint venture partner, including securing dismissal of the private prosecution and recovery of costs;
• Conducting an internal investigation for a major global consultancy firm concerning allegations of involvement in tax evasion in six jurisdictions, including detailed advice on reporting obligations under AML legislation.

Chris speaks regularly at industry events on AML and ABC related topics, and is the co-author of the chapter on deferred prosecution agreements in Lissack and Horlick on Bribery and Corruption.

IA Member £395.00 +VAT
Non-Member £545.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

• Any cancellation must be made in writing.
• For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable.
• No refund is given for a cancellation made 14 days or less prior to the commencement of a course.
• Transferring from one course to another is treated as a cancellation.
• You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.

Hybrid Training Courses:
We will continue to monitor and follow government guidance regarding coronavirus (Covid-19) to ensure the safety of our team and our members. Please be advised some training courses could change from hybrid delivery (being held in-person and virtually) to solely virtual delivery, should government guidance require.

There are a limited number of in-person spaces available on this course and this will be allocated on a first come first served basis.