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Compliance , Anti-money laundering, Regulation | Online course

AML bundle

1.5 hoursFoundation

Understanding anti-money laundering is critical. Law firms are frequently targeted by money launderers and it is a criminal offence to be involved in this process.

These modules are important and practical tools to help you protect yourself and your firm. You’ll cover everything you need to fulfil your anti-money laundering obligations: from understanding the money laundering offences and identifying red flags, to conducting a risk assessment and client due diligence.

Written by Amy Bell, a renowned expert in the field and former Chair of the Law Society’s Money Laundering Task Force, it is underpinned by the Legal Sector Affinity Group Anti-Money Laundering Guidance for the Legal Sector. It is based on examples of good practice from the guidance and is relevant for all conveyancers.

Who this is for

Paralegals, Solicitors.

Learning outcomes

SRA competence: A1  +5 more for SRA competence: A1, A2, A3, A4, A5, B7

After completing these modules you will:

  • Understand how money laundering affects the legal profession.
  • Understand the level of suspicion required to commit a money laundering offence.
  • Be aware of the common red flags for suspicious activity.
  • Understand the principal money laundering offences and the connected offences.
  • Be aware of the requirements for client due diligence.
  • Be able to identify risk factors when considering transactions.
What this will cover

AML Module 1: Anti-Money Laundering and Suspicious Activity
This module is a guide to understanding how your firm may be targeted by money launderers and the common warning signs for suspicious activity. It is an important tool to help you avoid being exposed to money laundering.

AML Module 2: The Money Laundering Offences
This module provides a comprehensive guide to the money laundering offences, including the level of suspicion required, to help you avoid committing a money laundering offence or another connected offence.

AML Module 3: Risk Assessment and Client Due Diligence
This module will cover everything you need to conduct a risk assessment and client due diligence, including identifying risk indicators, the documents that are useful for identifying and verifying all types of clients, and what to look for in source of funds documents.

The modules will take approximately 1 hour and 30 minutes to complete, excluding assessments.