Designated Non-Financial Businesses and Professionals must have in place and implement procedures in order to identity a person (KYC) and also exercise an investigation on whether a client should be accepted or not (CDD). Several parameters may result in the client being classified as having a high or low risk of money laundering. Low risk clients are usually publicly registered companies and public authorities where the ownership is very well known. On the contrary high risk clients could be those coming from high risk countries, they are PEPs, shell corporations, gambling businesses or cash-intensive service based businesses to name a few.
This course offers a comprehensive review to Anti-Money Laundering (AML) from the perspective of the Legal Professional and the Designated Non-Financial Businesses and Professions. It addresses the AML regulation, the key concepts of AML and the role of legal professionals and DNFBPs in the fight against money laundering. It provides a solid grounding to FATF’s recommendation of using a risk-based approach in combating money laundering. It also includes key information in transaction monitoring and reporting, as well as the industry specific vulnerabilities, considering the corporate service providers, casinos and the gaming industry.
This course may take up to 4 hours to be completed. However, actual study time differs as each learner uses their own training pace.
This course is ideal for anyone wishing to be introduced to the AML regulation and the best practices to combating money laundering and terrorism financing. It is also suitable to legal professionals pursuing CPD in LAW.
The course is offered fully online using a self-paced approach. The learning units are based on video-led material. Learners may start, stop and resume their training at any time.
At the end of each session, participants take a Quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.
Accreditation and CPD Recognition
This programme has been developed by the European Institute of Management and Finance (EIMF), a globally-recognised training institution.
The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for 4 CPD Units that approve education in law, such as the bar association. The course may be also approved for CPD Units by institutions which approve general legal training.
Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Registration and Access
To register to this course, click on the Get this course button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.
Access to the course is valid for 90 days.
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