For those wishing to legitimise the proceeds of crime, the legal sector is an ideal mechanism; Solicitors have access financial markets, can facilitate money transactions and law firms regularly hold large sums of money in client accounts.
According to a recent Law Society Gazette article, more than 40 solicitors have been struck off, suspended, or voluntarily come off the roll in the last five years, following allegations relating to money laundering regulations.
The risk which money laundering poses to solicitors and law firms cannot and should not be underestimated, therefore it is essential that all involved understand the dangers and their role in preventing money laundering from taking place.
To this end, Datalaw have developed several courses which cover different aspects of money laundering based upon the roles and responsibilities of the intended audience; For COFAs consideration will be given to your responsibilities under the Money Laundering Regulations 2017 and what to do should you identify suspicious activity, for support staff, new starters, non-compliance staff etc the importance of due diligence and how to recognise the warning signs of money laundering will be considered.
Keywords: AML Training, AML Training Courses, AML Online Training, AML Course, AML Course Online
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