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Compliance , Anti-money laundering, Regulation | Online course

AML Module 3: Risk Assessment and Client Due Diligence

1 hourFoundation

This course is an important and practical tool to help you fulfil your anti-money laundering obligations and protect yourself and your firm.

The final module in a series of three, you’ll 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.

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 fee earners, whatever their area of practice.

Who this is for

Paralegals, Solicitors.

Learning outcomes

SRA competence: A1  +3 more for SRA competence: A1, A2, A5, B7

After completing this course, you will understand:

  • The requirement to carry out client due diligence under the MLR 2017.
  • The risk-based approach to client due diligence.
  • The factors to consider when conducting your risk assessment.
  • The documents that are useful in conducting client due diligence.
  • How electronic verification works and how it can help with client due diligence.
  • The data protection requirements in the MLR 2017.
  • What to look for in source of funds documents.
  • The risks of terrorist financing when conducting client due diligence.
  • How to put this knowledge into practice.
How you will learn

Course format
This interactive online training consists of the following elements.

  • An interactive course presentation, with a variety of quizzes and practice scenarios to test understanding of the material.
  • Online assessment.

Our modules conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form.

In order to pass the assessment you must achieve a mark of 70%.

The quizzes and scenarios included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment.

The course will take approximately 1 hour to complete, excluding assessment.