Our Anti-Money Laundering training for law firms comprises of an introductory e-learning course and short case-study based scenarios which are released quarterly.
Our Anti-Money Laundering training for law firms comprises of an introductory e-learning course and short case-study based scenarios which are released quarterly. Refreshing knowledge and checking how well your staff can apply their training.
This course is an introduction to Anti-Money Laundering (AML) with three modules:
- Anti-Money Laundering – The Basics
- Customer Due Diligence
Staff who are already familiar with their anti-money laundering obligations can take the quiz at the start of the course. If they pass, they can move on to the scenarios without completing this course. All other staff must complete the course and pass the quiz. The pass mark is 80%.
Course results can be tracked and monitored on our Learning Management System (LMS) or you can host the course on your own LMS.
A key feature of our training is that we don’t make people learn what they already know. So if you pass our AML quiz at the start, you can skip ‘the basics’ section and move onto the scenarios.
Anti-Money Laundering – The Basics
- What is money laundering?
- Who launders money?
- Why AML is not just about money
- Who’s who in AML at your firm
- AML crimes and punishment
- The SRA’s approach
- Key obligations on law firms
- Money Laundering Regulations 2017 – what do they not apply to?
Customer Due Diligence (CDD) for law firms
- CDD – The Basics
- CDD – The checks
- Enhanced CDD
- The Sanctions list
- High-Risk Countries
AML Reporting Requirement
This module looks at reporting obligations when you suspect money laundering.
- When do I know enough to report?
- Reporting to your Money Laundering Reporting Officer
- Reporting to the National Crime Agency (NCA)
- NCA responses to a Suspicious Activity Report
- Defence against Money Laundering
- Handling clients after making a Suspicious Activity Report
- Tipping off
As a result of completing this AML course you will know:
- what money laundering is and how and why you and your firm are at risk
- key legal and regulatory obligations for you and for your firm
- when and how to complete Customer Due Diligence (CDD), Enhanced CDD and other checks
- why ongoing monitoring and constant vigilance are essential
- when and how to report to your Money Laundering Reporting Officer (MLRO)
- how to avoid the risks of ‘tipping off’
"An engaging and enjoyable course covering everything a lawyer needs to know about the current regulations and their obligations.
I found Kinch Robinson's Anti-Money Laundering training detailed and comprehensive, compared to courses I have attended previously which have been brief.
It was also useful that I could pause the course part way through and resume later, meaning I completed it over a couple of days."
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