Advanced Anti-Money Laundering (AML) and MLRO

Categories Finance, Information Technology IT, Law, Security

Our course, “AML and MLRO : Ensuring Compliance in the UK,” offers essential knowledge and skills for professionals in the financial services sector. Tailored to the UK regulatory framework, this comprehensive AML and MLRO course covers the fundamentals of Anti-money laundering (AML) regulations, including legal frameworks, risk-based approaches, and transaction monitoring. Participants will learn about the roles of Money Laundering Reporting Officers (MLROs) and gain insights into suspicious activity reports (SARs) and the National Crime Agency’s (NCA) role. Equipped with this expertise, participants can effectively safeguard their organisations from financial crime, regulatory breaches, and reputational damage.

Who is this course for?

This AML and MLRO course is designed for professionals working in the financial services sector in the UK, including, but not limited to:

Compliance Officers
Risk Managers
Legal Counsel
Financial Analysts
Audit and Internal Control Professionals
MLROs and Deputy MLROs
Employees of banks, financial institutions, insurance companies, and other regulated entities

How This Course Can Help

By completing this AML and MLRO course, participants will be equipped to:

Ensure compliance with AML laws and regulations, reducing the risk of financial penalties and reputational damage for their organisations.
Implement effective risk-based AML compliance programmes tailored to the specific needs and risks faced by their businesses.
Identify and mitigate the risks associated with money laundering and terrorist financing activities.
Fulfil reporting obligations, including the timely submission of suspicious activity reports (SARs) to the National Crime Agency (NCA).
Enhance their career prospects by acquiring in-demand skills and knowledge in the field of AML compliance.
Contribute to the overall integrity and stability of the UK’s financial system by actively combating financial crime.

Understand the fundamentals of (AML) regulations in the UK, including the evolution of legislation and the impact of money laundering on the financial system.
Gain comprehensive knowledge of the legal framework governing AML, including key acts such as the Proceeds of Crime Act (POCA) and Terrorism Act and the obligations under the Money Laundering Regulations (MLR).
Learn how to implement a risk-based approach to AML compliance, including conducting risk assessments, developing risk profiles, and implementing risk-based customer due diligence measures.
Acquire skills in conducting enhanced due diligence (EDD), identifying high-risk customers and transactions, and leveraging technology for enhanced risk management.
Develop the ability to design and implement effective AML compliance programmes, including policies, procedures, and monitoring mechanisms for ongoing compliance.
Understand the role of technology and data analytics in AML compliance, including utilising data analytics for suspicious activity detection and adopting AML technology solutions.
Learn the principles of transaction monitoring, identifying red flags, and the procedures for suspicious activity reporting.
Gain insights into the role and responsibilities of Money Laundering Reporting Officers (MLROs), including their obligations under AML laws and reporting obligations.
Understand the process and significance of suspicious activity reports (SARs), including legal requirements, submission procedures, and the role of the National Crime Agency (NCA).
Gain knowledge of AML legislation in the UK, key frameworks, and the roles of regulatory bodies and enforcement agencies such as the Financial Conduct Authority (FCA), HM Revenue & Customs (HMRC), and the NCA and (JMLIT)