Courses

Financial Crime

Practical Introduction to JMLSG Guidelines and an Introduction to AML - Online Workshop

About this Online Workshop

Consisting of the UK’s leading Trade Associations from across the financial services industry, the Joint Money Laundering Steering Group (JMLSG) is a private sector body that produces guidance for firms represented on JMLSG by their trade member bodies, helping them to comply with their anti-money laundering obligations, counter terrorist financing legislation and regulations from the FCA.

The JMLSG guidance provides a base from which management can develop tailored policies and procedures that are appropriate for their business. It remains the responsibility of a firm to make its own judgment on individual cases on a risk based approach. This is where training interventions are of utmost importance.

Firms have a legal duty to train their staff regarding the obligations set by the FCA. This workshop is intended to help firms meet this legal obligation by providing employees with an understanding of the legal framework, the specific criminal offences relating to AML and their personal responsibilities.

We will also discuss the firm’s responsibility to implement adequate systems and controls following a risk-based approach, particularly in relation to Customer Due Diligence and Know Your Customer.

This workshop will be delivered online via Zoom.

Learning outcomes:

  • Understand the nature of the money laundering and terrorist financing risks facing financial services firms
  • Understand and appreciate the elements necessary to create the right corporate culture
  • Understand your responsibilities within the regulatory landscape and the effects of failing to comply with the Regulators
  • Learn the practical steps required to manage money-laundering and terrorist financing risks, including customer due diligence and suspicious activity reporting
  • Recognise key elements of ‘Know Your Client’ documentation 
  • Learn how to investigate more quickly and escalate suspicious activity
  • Learn how to develop a solid overview of your firm’s vulnerabilities and the controls and procedures needed to address them

Agenda:

  • What is Money Laundering?
  • The Legal Framework and Money Laundering Regulations
  • Money laundering and terrorist financing
  • FCA Supervision
  • JMLSG Guidelines
  • International Regulatory Standards
  • Suspicious activity indicators and transaction reporting 
  • Setting up effective KYC procedures
  • Customer due diligence and record keeping. Learn how to carry out Risk Assessments and best practice monitoring techniques
  • Step by Step guide to setting up a Financial Action Task Force
  • Analyse the effectiveness of your firm’s AML/CTP processes and procedures
  • Practical Tips in AML Management
  • Best Practice for setting up an action plan

Who should attend:

  • Financial Crime Practitioners
  • MLROs or SMF17
  • Deputy & Assistant MLRO’s
  • Compliance Officers




Course Information

  • Location: On demand
  • Led By: Paul McDermott
  • Type: Online Workshop
  • Level: Practitioner
  • CPD Points: 4

Course Instructor:
Paul McDermott

Paul McDermott has worked in financial services for over 20 years, holding the senior positions of compliance director, head of compliance, regulatory oversight and MLRO for several firms including Deutsche Bank, Dresdner Kleinwort Wasserstein AXA Framlington, Liverpool Victoria and Brewin Dolphin. As a consultant, he liaises with the FCA and the FOS in supporting companies facing regulatory sanctions, gaining authorisation, creating or reorganising of governance structures and the management of complaints.

He has recently taken on the Compliance, Money Laundering and CASS oversight Senior Management Functions for a Portfolio Management firm and a Fintech firm.

Specific learning requirement?

Request a course

In-House Courses

Our courses can be delivered in-house and made bespoke to your company, business model, products and language. As your learning partner, we can help you every step of the way from engaging with multiple stakeholders and carrying out a learning needs analysis to confirming desired outcomes, solution design and delivery.

Learn more

Looking for expertise to help your firm identify, reduce and manage risks?

Fourthline also offer a wide variety of consulting, change and talent services, helping our customers to build high performing risk management teams and supporting them with change management and BAU tasks.

View Talent SolutionsView Flexible Resources


Latest Courses

Financial Crime – 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 ...

Getting CASS right | Leading from the Top

With continued focus from the FCA and the ever-expanding scope of the Senior Managers’ and Certification Regime (SMCR), the importance of ...

2 Day Course

Third Party Oversight and Best Practices - Online Workshop

Regardless of any delegation of CASS functions to third parties (offshored or outsourced), the firm remains absolutely responsible for their ...

General Enquiry

If you would like this course to be delivered in-house and made bespoke to your organisation’s requirements, fill in your details below.

Get in touch

Kieran_Maplesden

Kieran Maplesden
Managing Director


0203 800 1099
kieran.maplesden@thefourthline.co.uk

fahim

Fahim Miah
Head of Learning Solutions


0203 854 0591
fahim.miah@thefourthline.co.uk