An Introduction to Anti-Money Laundering & Terrorist Financing

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 protected and 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 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 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 What are money laundering & terrorist financing?

09:50 Source of legislation

10:00 The UK AML Regime

• 3 Lines of Defence
• Roles & Responsibilities
• The Risk Based Approach
• Training
• Assurance and Audit
• Governance

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

11:30 The international nature of money laundering

11:45 Case study

12:15 Multiple choice quiz

12:30 Conclusions and networking lunch

• A sandwich lunch will be provided and an opportunity for you to network with the trainer and other delegates

Steve Smith

Steve is a partner in Eversheds Sutherland’s Financial Services Disputes & Investigations group specialising in Corporate Crime & Investigations. He specialises in advising firms and individuals conducting business in the regulated sector on financial crime related matters. His practice covers both advice on compliance and best practice alongside the defence of firms and individuals facing investigation and prosecution for alleged breaches of law and regulation relating to financial crime. In particular, his practice is heavily focussed on the UK anti-money laundering regime.

Having worked as a white collar crime defence lawyer for over ten years, Steve moved to the Enforcement Division of the Financial Conduct Authority where he was a senior lawyer in the Criminal Prosecutions Team. Whilst at the FCA, Steve investigated and prosecuted fraud and insider dealing cases. He also worked closely with HM Treasury on the drafting of the market manipulation offences introduced by Part 7 of the Financial Services Act 2012 and in supporting negotiations at the EU Working Group on the Criminal Sanctions Market Abuse Directive.

Steve then moved to lead the financial crime advisory team supporting the Private Bank of a major Global Bank and, latterly, as Deputy Head of Financial Crime for the EMEA offices of a Japanese Investment House (covering global markets and investment banking). During this time, he gained a good insight into the challenges facing an MLRO and financial crime advisory team in enabling compliance with complex legal and regulatory requirements in both a domestic and international environment. He also supported extensive KYC remediation projects across retail and wholesale client bases.

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 and how to protect against them. 

IA Member £195.00 +VAT
Non-Member £295.00 +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.