Anti-Money Laundering and Financing - Director Training

Description

The Senior Management of Firms, including the Board of Directors, have responsibility for managing the identified ML/TF risks by demonstrating active engagement in the firms’ approach to effectively mitigating such risks. 

Section 54(6) of the CJA 2010 requires firms to ensure that,

“…persons involved in the conduct of the designated person's business are:

(a)    instructed on the law relating to money laundering and terrorist financing, and

(b)    provided with ongoing training on identifying a transaction or other activity that may be related to money laundering or terrorist financing, and on how to proceed once such a transaction or activity is identified.”

Learning Objectives

To assist senior management of regulated firms understand their AML/CFT obligations under Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended) (‘CJA 2010’).  

Learners to understand key obligations arising under (i) under the CJA 2010 and (ii) the Central Bank of Ireland (‘Central Bank’) expectations regarding the factors that firms should take into account when identifying, assessing, and managing ML/TF risks.

Course Outline

Part 1

  • Introduction

  • CBI Approach and Sanctions

  • Governance

  • Knowledge Check I

Part 2

  • Legislative and Regulatory Framework

  • Beneficial Ownership

  • Knowledge Check II

Part 3

  • Risk Assessment

  • Customer Due Diligence

  • PEPs

  • Knowledge Check III

Part 4

  • Reliance on Third Parties

  • Policies and Procedures

  • AML Risk Framework

  • Knowledge Check IV

Part 5

  • Suspicious Transaction Reporting

  • Tipping Off

  • FCA Thematic Review

Final Assessment

Timing

This course will take approximately 1 hour and 15 minutes to complete. 

Time: Approx 1 hour and 15 mins

Randomised Assessment

Bespoke Optional