Essential Knowledge About Money Laundering

Essential Knowledge – About Money Laundering

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Course Overview

The amount of money laundered through the UK each year is estimated to be £57 billion; according to the Treasury approximately £10 billion of illicit funds passes through the regulated sector (including law firms) each year.

Given the scale of the problem and the consequences for law firms which fall fowl of this criminal activity, it is crucial that all legal staff understand what money laundering is, what to look for and the reporting system to follow should they identify suspicious activity.

During this webinar compliance specialist Tracey Calvert will consider the following topics:

·         Purpose of Money Laundering Regulations

·         UK Money Laundering Legislation

·         POCA – Principal Offences

·         Defences to Money Laundering Offences

·         Terrorism Act 2000

·         Money Laundering Regulations 2007

·         What is the NCA?

·         Reporting Procedures

What are the requirements?

  • Watch the recorded webinar and review the supporting documentation
  • This course provides 0.5 – 1 CPD points (depending on length of time spent reviewing the supporting documentation).

Learning Outcomes

  • On completion of the course you will:
  • • Be familiar with the money laundering process and key legislation
  • • Be aware of SRA requirements in respect of money laundering
  • • Be aware of SRA requirements in respect of money laundering

What is the target audience?

About Instructor - Tracey Calvert

Tracey is a lawyer and had many years experience of working for the Law Society and the SRA. She was a senior ethics adviser and, in her last role with the SRA, part of the ethics policy team which drafted the SRA Handbook. Tracey is now the director/owner of Oakalls Consultancy Limited and provides regulatory consultancy services. She has a varied portfolio of clients and interests and also writes regularly on regulatory topics. She has written 6 books (including “Ethics in law firms: a practical guide” and “Conflicts and Confidentiality in Law Firms” published by the Ark Group), is a contributor to Cordery on Legal Services, writes regular columns for the ILEX Journal and the Solicitors Journal and sits on the Editorial Board of the Law Society’s Legal Compliance Bulletin.

Course Curriculum

recorded webinars

  • Webinar
    00:28:02

Documentation

  • Slides
    24 Page

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