AML Update 2009 

 

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 AND SUPPORT STAFF

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 the course presenters, Matthew Moore or Simon Bray.