Advanced Level AML & 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 that 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 practical course is designed to assist financial crime professionals in the Investment Management industry to keeping up to date with the latest FCA thematic priorities, and to ensure that they have the policies and procedures in place to not only protect their firm from regulatory scrutiny using a risk based approach, but also, detect money laundering and terrorist financing.

We are including for the first time an interactive workshop

Key learning objectives

• Understanding and applying the ‘Risk-Based Approach’
• How to spot money laundering and different money laundering typologies
• Investment Fund Distribution & Reliance on 3rd parties
• Practical application of AML requirements

12:30 Registration and Networking lunch

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

13:00 The Risk Based Approach:

• The key requirements in the design and completion of a Money Laundering Risk Assessment
• How to design a Money Laundering Risk Methodology

13:30 Investment Fund Distribution & Reliance on 3rd parties

• Distributor due diligence best practices
• Fund Distribution through Distributors
• What is reliance?

14:00 Workshop in crisis management – the MLRO’s afternoon from hell!

• An interactive workshop exploring how firms can prepare for incidents of reputational risk and crisis management. We’ll walk through a realistic case study focusing on AML crisis management in an investment management context. This will be presented interactively, as we stand together in the shoes of an MLRO and follow an unfolding scenario in which an AML crisis in the business takes hold.
• We’ll look at immediate emergency planning, briefing the board, reputation management, media interest, and regulatory and law enforcement engagement. You’ll gain valuable insights in how to manage a crisis situation with regulators and law enforcement agencies watching over your shoulder, notifications and communications to regulators and the media and related areas of risk that can arise in a regulatory, criminal, HR disciplinary and data protection context.
• The workshop will be practical and collaborative, with attendees tabled together in small groups, each with a facilitator, discussing actions and options for how to steer the firm through the fictional crisis via six sequential scenarios, as things go from bad to worse and the crisis grows.
• You’ll feel ready to tackle anything once you’ve navigated the challenges of the day from hell workshop!

15:00 Break

15:15 Crisis Management continued

17:00 Conclusions and closing remarks

This session is suitable for seasoned financial crime professionals and MLRO/deputy MLROs, or as a follow-up course to the stand alone morning session “An introduction to Anti-Money Laundering & Terrorist Financing”.

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.

Rory Brown

Rory is an Associate in our Financial Services Disputes & Investigations group. He advises on a range of financial crime compliance and financial services litigation matters.

In particular, Rory advises firms on issues relating to AML and anti-bribery and corruption. His recent experience includes:

•  Supporting a skilled person review into the adequacy and effectiveness of AML/CTF systems and controls of an e-payments firm;
• Advising a pensions fund on the legality of holding investments in the legalised overseas cannabis industry under the Proceeds of Crime Act 2002;
• Advising on the application of the Money Laundering Regulations to a pension scheme and investment manager which carry out direct letting transactions as landlord; and
• Reviewing the AML policies and procedures of an art services company against the Money Laundering Regulations.

Rory also has broad contentious experience, typically acting for banks and other financial institutions, which includes commercial litigation experience in the High Court. He also advises on complex issues relating to interim relief including freezing orders, third party debt orders and disclosure orders.

He previously spent time on secondment at a multi-national bank, sitting within its Retail Banking legal function

Kim Jones

Kim Jones is a Senior Associate in the Corporate Crime and Investigations team based in London. She specialises in all areas of financial crime, with a particular focus on international sanctions and associated AML advisory work. She has extensive experience advising financial institutions and corporates on risks and issues relating to US, EU and UK sanctions, as well as conducting large scale, cross border investigations relating to suspected sanctions violations and advising on connected disclosures to OFSI, OFAC, the FCA and law enforcement. Kim has spent the last 18 months supporting our clients across a range of sectors in connection with the unprecedented sanctions imposed against Russia following Russia’s invasion of Ukraine.

 Kim has significant in-house experience with the legal and compliance teams for Standard Chartered Bank and Barclaycard. Kim has also recently completed a secondment with the London branch of an overseas headquartered bank supporting on a regulatory investigation into AML systems and controls, as well as BAU AML and sanctions compliance matters.

 Kim’s recent experience includes:

• Undertaking a large scale investigation for a UK listed retail and commercial challenger bank in relation to suspected sanctions violations over an 8 year period and advising on the associated voluntary self-disclosures to OFSI and OFAC which results in a successful conclusion with no penalties being imposed. Kim also advised on complex sanctions-related issues arising from connected litigation (involving claims relating to alleged breaches of the blocking regulation) and civil enforcement action by the FCA arising from weaknesses in the Bank’s sanctions systems and controls, including in relation to sanctions screening;
• Advising a technology and engineering company with respect to a cyber-security attack involving ransomware, in particular with respect to AML, CTF and sanctions-related issues and associated reports to law enforcement;
• Supporting the skilled person on a s.166 skilled person investigation assessing the adequacy and effectiveness of AML/CTF and sanctions systems and controls.

Kim regularly develops and delivers bespoke training workshops for clients and produces thought leadership articles relating to corporate crime and international sanctions for industry publications, such as PLC Magazine, Lexis Nexis PSL and Reuters. Kim works with UK Finance to provide feedback to UK Government on issues relating to sanctions regulations and guidance in the UK on behalf of her clients and the private sector.

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:

Hybrid deliveries of our training allows participants on our courses the option to attend in-person here from our offices at Camomile Court, or you can attend virtually via MS Teams.

Please be advised a training course could change from hybrid delivery to solely virtual delivery. In such an event, we will inform delegates at least one week prior to the course delivery date.

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.