Anti-Money Laundering and Financing - Staff Training
Firms regulated by the Central Bank of Ireland have responsibility for managing identified Money Laundering and Terrorist Financing 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 [Firm'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.”
To assist staff members 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.
Objectives & Introduction
CBI Approach and Sanctions
Legislative and Regulatory Framework
Customer Due Diligence
Reliance on Third Parties
Policies and Procedures
AML Risk Framework
Suspicious Transaction Reporting
FCA Thematic Review
This course will take approximately 1 hour and 15 minutes to complete.