£270

MLRO Training Course For The Real Estate Sector

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Event description
Specialist Training for Money Laundering Reporting Officers ~ Real Estate Sector

About this Event

Our experts at FCS Compliance offer comprehensive CPD-certified training for all levels of staff to support compliance with Regulation 24 of the Money Laundering Regulations 2017. We are established trainers with extensive knowledge of primary and secondary legislation, and are chosen as partners by UK-wide industry associations, such as NAEA Propertymark, to help raise standards and minimise the risk of criminal activity within regulated businesses.

We have adapted our MLRO Training Course to bring it to you remotely, via Zoom.

Date: 8th December 2020 and 9th December 2020 (9am - 11am daily)

Rate: £225.00 + VAT per person.

Course Details

Specialist Training for Money Laundering Reporting Officers ~ Real Estate Sector

The role of the Money Laundering Reporting Officer (MLRO) is essential in ensuring that firms are fully compliant with the latest Anti-Money Laundering (AML) legislation, as well as preventing a firm being used for the laundering of criminal proceeds through real estate. This online course provides a comprehensive analysis of the role and responsibilities of a Money Laundering Reporting Officer.

Those attending should presently hold the role of ‘MLRO’ or ‘Deputy MLRO’ within their own firm and have previous experience of attending a money laundering course in order to understand the basic issues relating to the topic.

COURSE SCHEDULE

Day 1

9am - 10am

  • The global money laundering landscape, regulation and how it impacts on real estate
  • The role and responsibilities of the Money Laundering Reporting Officer (MLRO) within an organization
  • Criminal suspicion when it comes to the reporting of money laundering and drafting effective Suspicious Activity Reports (SARs)
  • Review of the key offences under part 7 of the Proceeds of Crime Act 2002

10am - 11am

  • Ensuring full compliance with the Money Laundering Regulations 2017
  • Undertaking effective 'Customer Due Diligence'
  • Forming business relationships with higher risk customers such as PEPs
  • CDD in respect of UK companies

Day 2

9am - 10am

  • A practical CDD exercise
  • Looking at shell companies
  • Identifying the beneficial owner in relation to offshore trusts

10am - 11am

  • Beneficial ownership exercise relating to an offshore trust and shell companies
  • Corruption
  • Bribery Act 2010
  • Criminal Finances Act 2017
  • Financial Sanctions

LEARNING OBJECTIVES

  • Understand the nature of the Money Laundering Reporting Officer (MLRO) roles and `responsibilities.
  • Comply with all statutory and regulatory obligations relating to the MLRO role.
  • Deal with Suspicious Activity Reports (SARs) and consent requests.
  • Assess the adequacy and effectiveness of the firm’s AML/CTF regime.

Additional Information

  • A delegate pack and course handouts will be sent to the email address provided prior to the event with full details and Zoom access link.
  • Delegates must attend the full session to receive a CPD-Certified Certificate upon completion of the online course. We ask that attendees please keep their videos turned on throughout the course.
  • It is recommended that delegates familiarise themselves with the MLRO course manual provided and, in particular, the practical exercise documents featured on page p.66 and p.78 of the manual. There will be two group exercises carried out in a ‘Zoom breakout room’.

Terms and Conditions

The person booking is responsible for supplying the correct contact information. Substitute delegates may attend at no additional cost, however please email georgie@fcscompliance.co.uk regarding this change at least 24 hours before the event.

Refunds in respect of cancellations can only be made if cancellations are received in writing at least 7 days before the event, and will be subject to a 50% administrative charge. Cancellations received after this period will be charged 100% of the course fee. Please note that non-attendance (without prior notification) is subject to a 100% cancellation fee.

FCS Compliance Ltd reserves the right to alter the programme and/or the speakers at any time and without prior notice, and also reserves the right to cancel an event, in which case all fees will be refunded.

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