AML Compliance Certification Course | SOC 700 | Online

Wednesday, March 1st, 2023

£99.00

*1 Session of 90 Minutes (Available on request). Check the date for the next program.

This program can be delivered as an in-house program tailored to meet the specific needs of your organization.

Annual International Anti-Money Laundering (AML) Compliance and Update Course

Anti-Money Laundering (AML) training is a critical necessity across various sectors (banking, finance, accounting, law, and more) in numerous jurisdictions. As regulations evolve, staying informed is crucial. Our annual AML training ensures professionals like accountants, finance experts, and lawyers are equipped with the knowledge and skills to meet AML compliance, combat money laundering, and preserve financial system integrity. The course will cover the latest developments in AML regulations, as well as best practices and techniques for updating customer due diligence, risk assessing clients, reporting discrepancies in the PSC register, reviewing policies, controls, and procedures, implementing written procedures, conducting training, and performing criminal record checks on BOOMs.

As part of the Anti-Money Laundering (AML) training course, all test scores will be recorded in the system, and training records will be made available online. This will allow participants to easily access their training history and demonstrate their firm’s compliance with AML regulations, should it be required. By keeping track of training and test scores, participants can ensure that they are up-to-date with the latest AML regulations and are taking the necessary steps to prevent money laundering and other suspicious activities.  This webinar will cover the following topics related to Anti-Money Laundering:

  • Updating customer due diligence
  • Customer due diligence on new clients
  • Risk assessing clients
  • Firm-wide risk assessments
  • Reporting discrepancies in the PSC register
  • Reviewing policies, controls, and procedures
  • Implementing written procedures
  • Key Regulatory Requirements and Latest changes
  • Conducting training
  • Performing criminal record checks
  • Examples and Test Questions

The course will cover the latest developments in AML regulations, as well as best practices and techniques for complying with AML regulations, detecting and reporting suspicious activities, and preventing money laundering. By the end of the course, participants will have a comprehensive understanding of the AML regulatory framework, as well as the knowledge and skills required to implement effective AML policies and procedures in their organisations. The course is specifically designed for accountants and lawyers who are required to receive annual AML training to maintain their professional licenses and comply with regulatory requirements.

To receive more information, please contact us, and one of our representatives will be in touch with you promptly.

 

Key Takeaways

  • CPD Hours: Participants can earn Continuing Professional Development (CPD) hours, demonstrating a commitment to continuous learning and professional development.
  • Certificate: Participants will receive a certificate upon completing the course, which can be used to showcase their newly acquired skills and knowledge.
  • Organized by a Leading UK Training Firm: The course is organized by Shasat, a leading training firm in the UK with a reputation for delivering high-quality training and professional development programs.
  • CV Enhancement: Completing this course can enhance participants’ CVs, demonstrating to potential employers that they have invested in their professional development and are committed to improving their skills.
  • Time-Saving: The course is designed to be efficient, taking only 90 minutes to complete. This allows participants to save time while still gaining valuable skills and knowledge.
  • Post-Course Career Advice: Participants will have access to post-course career advice, which can help them apply their newly acquired skills and knowledge to their professional life.

Overall, participants can expect to gain valuable skills and knowledge that can enhance their professional development, showcase their commitment to learning, and help them achieve their career goals.

 

Key Learning Features

  • An updated understanding of AML regulations and the latest developments in the field
  • Knowledge of how to conduct customer due diligence on new and existing clients, including risk assessment and ongoing monitoring
  • Understanding of the importance of firm-wide risk assessments and how to implement them effectively
  • Awareness of the requirements for reporting discrepancies in the PSC register and other suspicious activities
  • Knowledge of best practices for reviewing and updating policies, controls, and procedures to ensure compliance with AML regulations
  • Understanding of how to implement effective written procedures to prevent and detect money laundering
  • Ability to perform criminal record checks and other relevant parties
  • Awareness of the importance of ongoing training and education for AML compliance
  • Knowledge of the potential consequences of non-compliance with AML regulations, including financial penalties and reputational damage.

 

Other Relevant Programs

We offer a range of highly valuable compliance programs:

  • Bribery Prevention
  • Data Security
  • Equality & Diversity
  • Modern Slavery

These training programs are designed to provide participants with the knowledge and skills necessary to effectively address key issues facing businesses and organizations today. By enrolling in these programs, participants will stay up-to-date with the latest best practices and regulatory requirements and will be equipped to take meaningful action to prevent bribery, ensure data security, promote equality and diversity, and combat modern slavery.

Instructor Bio

Our faculty members are highly qualified experts with a diverse range of specializations, including International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, risk management strategies, valuations, mergers & acquisitions, corporate governance, ESG reporting, supply chain management, prudential regulations, and compliance matters such as Basel regulations, Solvency II, Anti-Money Laundering regulations, and more. Additionally, they have expertise in a variety of professional development programs, such as negotiation skills, presentation skills, data management, Python, Block-Chain, Digital Assets, and Becker CPA. This depth and breadth of knowledge ensure an engaging and effective learning experience for professionals and senior executives, helping to enhance knowledge retention.

Our faculty members are seasoned professionals with a wealth of experience in their respective fields. They bring a unique combination of practical knowledge and theoretical understanding to the classroom, making them well-equipped to address the challenges faced by professionals in today’s rapidly changing business environment. Their expertise and hands-on experience ensure that participants receive the most up-to-date and relevant information, which they can immediately apply to their own work. The interactive and engaging learning environment fostered by our expert instructors also helps participants retain information and improves their overall understanding of the subject matter. Whether you’re seeking to expand your knowledge, enhance your skills, or explore new career opportunities, our faculty members are equipped to provide you with the guidance and support you need to achieve your goals.

 

Instructor for this course

The course instructor will be one of our highly experienced faculty members.

 

Our Partners

Our Partners in Learning

Course Description

I. Introduction

  • Overview of Anti-Money Laundering (AML) regulations and compliance requirements
  • Importance of AML compliance for financial institutions

II. AML Regulations and Requirements

  • Overview of key AML regulations and guidance, including the USA PATRIOT Act, FATF Recommendations, the EU 5th and 6th AML Directives, and UK’s AML regime
  • Understanding the role of regulatory bodies, such as the Financial Conduct Authority (FCA) and the National Crime Agency (NCA)
  • Understanding the role of sanctions in preventing money laundering and terrorist financing

III. Risk Assessment and Management

  • Conducting a risk assessment for AML compliance
  • Implementing effective risk management strategies and controls

IV. Customer Due Diligence (CDD)

  • Understanding CDD requirements for onboarding and ongoing monitoring of customers
  • Know Your Customer (KYC) procedures and enhanced due diligence (EDD) measures
  • Examining UK-specific requirements for CDD and EDD

V. Transaction Monitoring and Reporting

  • Implementing effective transaction monitoring procedures
  • Identifying and reporting suspicious activity to the appropriate regulatory bodies
  • Understanding UK-specific requirements for suspicious activity reporting

VI. Sanctions Compliance

  • Understanding sanctions requirements and the impact on AML compliance
  • Identifying high-risk individuals, entities, and countries subject to sanctions
  • Implementing effective sanctions screening procedures and controls, including UK-specific requirements

VII. Compliance Programs and Training

  • Developing and maintaining an effective AML compliance program
  • Importance of ongoing training and education for employees
  • Addressing UK-specific requirements for internal controls, policies, and procedures for AML compliance

VIII. Emerging AML Risks and Trends

  • Staying up

Why you must attend?

In today’s ever-evolving business landscape, it is crucial for professionals to continuously develop their skills to stay ahead of the competition. At Shasat, we understand the importance of professional development and have developed a comprehensive set of courses to meet the most pressing needs of individuals and organizations alike. Our courses are designed to provide hands-on, in-depth learning opportunities that will enhance your ability to optimize your team and achieve your professional goals.

We believe that every professional, no matter where they are in the world, should have access to high-quality professional development programs.  Our programs are designed to give you hands-on, in-depth learning opportunities that will help you optimize your team and your organization.

Choose from a comprehensive list of courses, including a full range of professional courses covering topics such as valuations, IFRS, US GAAP, IPSAS, risk management, hedging, internal control, compliance, as well as personal development courses such as budgeting and forecasting, risk management, data management, python, block-chain, compliance, and a full range of soft skills courses on leadership, business communications, project management, public speaking, negotiations, and personal effectiveness.

As an employer, investing in the professional development of your staff is essential for the growth and success of your organization. Our courses provide your employees with the opportunity to network with peers across industries and countries, which often leads to other opportunities in terms of collaboration with other organizations/individuals. This exposure makes them culturally sensitive and easily able to fit into other business/professional environments.

We understand that each person’s learning journey is unique, which is why we do not provide pre-recorded courses. Our programs are delivered either in person in a classroom setup or via a live webinar to stay motivated and interested through interactive methodologies and keep up with the learning content.

 

Teaching methodology

The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:

  • A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
  • Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
  • Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
  • Group exercises designed to illustrate accounting principles, encouraging collaboration, and fostering a deeper understanding of the material.
  • Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
  • An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.

The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.

 

Who Should Attend?

Our professional development courses are designed for individuals who are looking to develop their professional skills and advance their careers. These courses are relevant to individuals at all levels of an organization and across a broad range of industries and business functions. Whether you’re a business executive looking to be more impactful, persuasive and results-oriented or a team member looking to improve your skills in areas such as leadership, communication, project management, negotiations and personal effectiveness, our courses can help you achieve your goals.

 

Feedback

Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.

Venue & other info

Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us.  One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.

Please note that accommodation arrangements are the responsibility of the attendee.

 

Workshop Delivery (Online Programs)

The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
 

In-Person Workshop

Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
 

Changes to the conference

Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
 

Sponsorship

We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
 

Terms and Conditions

We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.

 

About shasat

Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.

Payment

Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.

We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.

 

Group discount

Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at [email protected]. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.

 

CPD hours

Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.

 

Enquiries

For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.

In-House Training

Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.