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.
Our popular AML Advanced Level Training Course is brought to you remotely, via Zoom, in digestible sessions.
Course Details
LEVEL
Advanced
Anti-Money Laundering Compliance Training ~ Real Estate Sector
Programme Summary
Day 1 - Monday 10th June - 9.30am - 11.30am
- The global money laundering landscape, regulation and the impact on real estate
- Review of the key offences under part 7 of the Proceeds of Crime Act 2002
- The Money Laundering Regulations 2017 in relation to effective 'Customer Due Diligence' including understanding the risk posed by customers
- Understanding of the counterparties to a property transaction and placing “reliance” under the MLR 2017
- Forming business relationships with higher risk customers such as PEPs
Day 2 - Tuesday 11th June - 9.30am - 11.30am
- A practical CDD exercise
- Identifying the beneficial owner and the corporate structures of UK and overseas shell companies and offshore trusts
- Beneficial ownership exercise relating to an offshore trust and shell companies
- Criminal Finances Act 2017 i.e. Unexplained Wealth Orders
- Financial Sanctions
Learning Objectives
- A detailed overview of the issues facing the property sector in the UK
- An understanding of the role that corporate structures play in the acquiring of UK property
- Compliance with all statutory and regulatory obligations relating to the primary and secondary AML legislation
- How to assess the money laundering risk posed by business relationships
Target Audience
Those working in the property sector that have previously undertaken the foundation course or experienced real estate professionals wishing to have a greater understanding of their legal obligations.
Costs
Rate: £150+VAT per person (£125 + VAT if an FCS Support Subscriber)
Additional Information
- Please ensure you are logged into the training session 10 minutes beforehand as the course will commence promptly at 9.30am. Delegates will not be permitted access after 9:45am.
- You will receive a course handout and the Zoom access links prior to the course.
- Cameras must be turned on throughout as this is a CPD-Certified Course.
- Delegates must attend both sessions to receive a CPD-Certified Certificate upon completion of the online course.
- Please contact Annie at FCS Compliance (annie@fcscompliance.co.uk) should you have any questions or require assistance.
