I am pleased to announce the launch of a completely updated staff training and competence record for accountancy firms that are required to comply with the Money Laundering Regulations (MLR).
I have been ably assisted in the rewrite by David Winch FCA, the well known Accounting Web commentator and presenter on all aspects of the MLR. The product still retains its key features, ease of use and scalable cost base, but is now fully updated for any recent changes in legislation. David will provide ongoing editorial input to the service to ensure the training you provide for your staff is based on technically up-to-date information.
Tim Good – October 2009
To assist the firm’s MLRO and to reduce exposure to penalties under the MLRs it is essential, and indeed required by law, to train staff and principals, to set up and operate proper anti-money laundering systems and to record and monitor the firms MLR compliance. I recommend the fully updated staff training provided by Tim Good’s company Now Training, to which I have been both a contributor and editor. This combined with my own online policy and procedures manual and monthly support service (both available from www.mlrosupport.co.uk) provide the MLRO with all the technical backup he or she should need.
David Winch FCA – October 2009
This is the full Money laundering course which you can run and evaluate for 7 days. It does, however, not include the Final Test of Competence, which is included when you proceed to purchase the full version.
Who it is designed for...
For all accountants who are subject to the UK money laundering regulations. It is designed to update practitioners, their staff and subcontractors – quickly and effective. So ensuring that
- Money Laundering remains in the forefront of your team’s mind, and
- the team is constantly up to date
Contents
Overview of Money laundering legislation
Money laundering legislation
The regulated sectors and high value traders
Proceeds of Crime Act 2002
Legal privilege
Tipping off
The 2007 Money Laundering Regulations
Due diligence procedures
Identification procedures
Money Laundering reporting officer
Reporting to Serious Organised Crime Agency
Suspicious Activity Reports
Limited Intelligence Reports
Worked Examples