Money Laundering Regulations - Mitigating Risk

Anti-Money Laundering Checks For Solicitors

  • 14 ratings, 378 users enrolled

Course Overview

The Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 transpose the Fourth EU Money Laundering Directive into UK Law.

Despite the new money laundering regulations involving anti-money laundering checks for solicitors, having commenced on 26 June 2017, the legal sector is still struggling to get to grips with the changes including the introduction of criminal money laundering offences and penalties.   

If you and/ or your firm are asking the following questions, then this course is for you:

    What has changed since The Money Laundering Regulations 2007?

    What do I and/ or firm have to do differently under The Money Laundering Regulations 2017?

    Do I need to change my policies and if so what do I need to include?

    Do I need to do a substantive risk assessment and what should I include?

    How do I implement these policies?

    Is Diligence the same? What are the factors I must consider?

During this bite size session, Rachel Coyle of The 36 Group, will provide viewers with an AML overview and will offer guidance on what has changed and how to amend your AML policies accordingly.

Consideration will also be given to what law firms must do under The Money Laundering Regulations 2017 and what you ought to do to ensure full compliance with these new regulations.


What are the requirements?

  • Watch the recorded webinar and review the reference notes and optional evaluation form to test your legal knowledge.
  • This course provides 0.5 – 1 CPD points (depending on length of time spent reviewing the supporting documentation).

Learning Outcomes

  • On completion of this course you will:
  • Be aware of the changes brought in by the new Money Laundering Regulations and how this affects you and your firm
  • Feel confident in your ability to comply with the new regulations and be able to mitigate any risk associated with them

What is the target audience?

  • This course is suitable for all practitioners

About Instructor - Rachel Coyle

Rachel is a specialist Civil Barrister at The 36 Group and enjoys a thriving practice in general civil and commercial work.

Rachel has been praised for her tenacity, determination and sound, thorough legal knowledge by clients, judges and opponents. She is committed to providing practical advice in a timely manner and pays attention to detail in complex factual and legal matters. Rachel has been described by clients as courteous, very personable and approachable.

Before coming to the Bar and joining 36 Civil, Rachel worked as a Legal and Finance Associate at Seneca Banking Consultants dealing primarily with claims against banks in the pre-litigation stage that engaged in the sale of Interest Rate Hedging products, Fixed Rate Tailored Business Loans, GRGs, Annuities and Currency Swaps. Rachel handled a case load of over 150 clients including premiership footballers, hoteliers, accountants, private residential and commercial landlords, private student halls of residence companies, private hospitals, farmers, car dealerships and private individuals.

Rachel is also direct access qualified.

Course Curriculum

Recorded Webinar

  • Webinar
    00:20:54

Documentation

  • Notes
    3 Page
  • Evaluation
    1 Page

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