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.
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The FCA has increased its efforts to fight every aspect of financial crime and expects firms to understand where the risks lie and take ...
Consisting of the UK’s leading Trade Associations from across the financial services industry, the Joint Money Laundering Steering Group ...
