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CERTIFIED ONLINE TRAINING

Certificate in Managing Financial Crime and Money Laundering Risks in Legal Entities

For financial and non-financial regulated sectors

Course Overview

A programme that is designed to provide an introduction for employees of the financial and non-financial regulated sectors to define and identify the risks of legal entities, legal arrangements and LLPs, and report unusual and higher risk activity.

Course Structure

  • Company incorporation and legal arrangements explained. 
  • Disclosure and reporting requirements for firms, trusts, and LLPs. 
  • Laws and regulations that apply to firms and to regulated entities who wish to enter relationships with these customers. 
  • Think Like a Criminal – crime methodologies 
  • Identifying and reporting the risks. 
  • Case study analysis 

Course Summary

Course Level
Advanced
Availability
From Q2, 2024
Online Presentation
Case-study based MCQ
Duration
3-5 Hours

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Who Is This For?

  • All regulated sector employees who contribute to the process of customer risk assessment  
  • CDD/KYC analysts 
  • SAR investigators 
  • Senior FC professionals including MLRO and DMLRO 
  • Internal Auditors 
  • Compliance Monitoring and Assurance 

Learning Outcomes

By the end of the programme, you will be able to: 

  • Describe the disclosure and reporting requirements for companies, trusts and similar corporate vehicles including LLPs. in the UK and USA. 

  • Define the role and responsibilities of the Directors and Shareholders. 

  • Explain the role of the UK Companies House and similar registries, and the filing requirements for UK entities and trusts. 

  • Outline the requirements of the Money Laundering Regulations to identify and report discrepancies in company details during customer due diligence procedures. 

  • Describe how criminals misuse legal entities, trusts, and LLPs to support their illicit activity. 

  • Think like a criminal: Identify actual crimes from prepared case studies including corporate filings and criminal prosecution.  

  • Analyse regulatory enforcement action to identify common trends and errors in assessing the risks of legal entities, arrangements, and LLPs. 

  • Identify and report criminal conduct according to the requirements of the Proceeds of Crime Act 2002 and Terrorism Act 2000. 

Topics Covered

What will I learn?

  • Incorporation and disclosure responsibilities of a legal entity, Directors, and Shareholders (Persons with Significant Control)
  • Money Laundering Regulations
  • UK Companies House
  • Introduction to company accounts and other filings – profit and loss and balance sheet analysis.
  • Corporate crime – tax evasion, money laundering, pension funds and fraud
  • Shell and Shelf companies and front companies.
  • Formal nominees – TCSPs.
  • Informal nominees – Relatives and close business associates
  • Complex layering
  • Offshore secrecy havens
  • Personal role and responsibility
  • Customer Due Diligence and EDD
  • Case Study: Gatehouse Bank
  • Identifying the risks and ‘red flags’
  • Reporting under the POCA and TA.

Delivery Formats

Delivered though our online learning management system (LMS) accompanied by recorded instructor-led training