Anti-Money Laundering for Conveyancers

Course Overview

Anti Money Laundering requirements can be a minefield for property practitioners yet the inconvenience of remaining compliant pales in comparison to the nightmare which you and your firm would face if caught up in, or accused of being involved with anti-money laundering conveyancing. Unfortunately this is the reality for many unwary professionals and vigilance is essential as AML conveyancing in particular are prime targets for criminals and would-be money launderers.

During this course experienced lecturer and property practitioner Hannah Mackinlay will provide viewers with an overview of the background of anti-money laundering practice for and will offer practical advice and assistance on how you and your firm must walk the tightrope of compliance while also ensuring that you fulfil your professional obligations of good practice and confidentially.

This course will cover the following topics and will attempt to answer the following questions:

• Client Due Diligence - Will this be sufficient? 
• Is that really 'Money Laundering'? - Examples of situations caught by the regime that 
• aren’t immediately obvious
• Between a Rock and a Hard Place – The problem of reporting and client privilege
• Dodgy deals - What to watch out for?
• Reporting – Should you stop work?
• Sources of Guidance
• The proposed 4th Directive