Financial Crime | Pre-recorded workshop– The role of the MLRO - Interpretations and the Practical Application

The FCA has increased its efforts to fight every aspect of financial crime and expects firms to understand where the risks lie and take appropriate steps to combat/react as part of its governance framework.

This pre-recorded workshop covers the real and significant threats and demonstrates how to take a proactive approach, enhancing the policies, processes and procedures firms currently have in place.

It focuses on the day-to-day activity required in regulated firms to ensure that they and their honest customers are protected from any aspects of these crimes. Anti-Money Laundering controls are important to prevent financial crime and complying with regulations is vital for businesses to deter financial crime activity.

Bribery and Corruption are key concepts and Financial Sanctions deployed to deliver public policy objectives have grown in the political agenda.

This workshop is pre-recorded and gives a practical account of what’s required, the regulatory landscape for firms and an opportunity to discuss future challenges.

Learning outcomes:

• Summarise the regulatory requirements about Financial Crime, Anti-money laundering, Terrorist Financing, Sanctions and Anti-Bribery and Corruption
• Appreciate critical regulatory principles and specific risks to firms
• Explain the practical implications of your organisation's responsibilities
• Develop your current governance and operational oversight framework

Who should watch:

• Financial crime employees
• All individuals who aspire to a career in financial crime prevention
• Management, compliance professionals whose companies are regulated by the Financial Conduct Authority
• Internal audit investigators

Benefits of the workshop:

• Create rigorous Policy and Procedures
• How to maintain Awareness and Training
• Completing key Risk Assessments
• The value of clear KYC & CDD
• Relevant Activity & Transaction Monitoring
• Best practice Suspicious Activity Reports and Law Enforcement liaison
• Sanctions and PEP’s protocols
• Maintaining clear Records/MI & Reports
• Reviewing the effectiveness of your Systems & Control