Combating Money Laundering and Terrorist Financing

Fee Earner Update 

 
This course covers the six key compliance principles for fee earners:
 
  • The Risk Principle part 1: client ID. Screening for situations of enhanced CDD.
  • The Risk Principle part 2: matter risk. Fee earner responsibility for checking on beneficial interests and nature and purpose of the instructions.
  • Privilege part 1: Taking instructions and the duty to disclose.
  • Privilege part 2: Effecting the instructions and doing the deal: the need for client consents to disclosures
  • When privilege breaks down: the right approach to the need for technical disclosures
  • When a disclosure is needed or has been made: what can/must we tell the clients, other advisers and the other side?

Admin & Support Staff Update

 
This course covers issues encountered by support staff in applying CDD within the Money Laundering Regulations 2007:
 
  • CDD v ID checking
  • Understanding the fee earner’s responsibilities
  • ID evidence on individuals and organisations
  • Useful applications of on-line checks
  • The disclosure regime and the risks of tipping off
 
For further information, please contact Mike Chard.