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Compliance , Regulation | Exam

Risk and Compliance Advanced (AML) Accreditation Exam (28/09/2022)

3hr 45minAdvanced

The Risk and Compliance Advanced (AML) Accreditation is quality standard for legal professionals managing risk and compliance in a legal practice or department.  The Accreditation is an independent objective mark for those who are able to demonstrate the required knowledge, skills and competency in the field of legal risk management, compliance and AML.  The Advance (AML) Accreditation is for those who are experts in the field of Anti-Money Laundering in the Legal sector.

The 3 hour and 45 minute examination will take place on 28 September 2022 at 13:00-16:45. Bookings close on 14 September 2022.

The next examination date will be released in due course.

Who this is for

Freelance solicitors, Practice managers, Small firms lawyers, Solicitors.

Required prior knowledge

Candidates will be tested on their awareness, knowledge and understanding of law, policy and procedure arising from the syllabus for the Advance (AML) level set out in the Candidate’s guidance.

The Advanced Anti-Money Laundering level addresses the key risk areas in anti-money laundering in a legal practice and how these are mitigated and managed.

Learning outcomes

SRA competence: A2

The examinations are designed for practitioners applying for the Advanced (Anti-Money Laundering) level.

Aims to support those that hold the below responsibilities:

  • Managing and discharging AML Regulatory responsibilities.
  • Driving cultural and ethical approaches to AML within the business.
  • Strategic AML decision making, management & leadership.
  • Carrying out regular reviews and strategic AML analysis.
  • Proactively monitoring AML risks.
  • Driving development and training and championing continuous improvement.
What this will cover

The syllabus for the examination covers (full details set out in the Candidate’s Guidance):

  • Key terms, roles and responsibilities
  • Money Laundering, due diligence and record keeping
  • Detecting and reporting criminal acts
  • Property and mortgage fraud

Candidates have 3 hours and 45 minutes to complete the examination, which consists of 100 marks separated into 4 parts. In order to pass the examination you must achieve a mark of at least 50%. If your time expires the examination will submit automatically.