Money Laundering CPD – Overview
Money Laundering refers to the processes, methods and instruments used to cover up the true origin of monies, whether obtained legally or illegally. It is estimated by the International Monetary Fund (IMF) that two to five per cent of the world’s economy involves laundered money.
If you are a practitioner working in the field of money laundering, then you will need to stay constantly updated on recent case law and anti-money laundering compliance issues. CPD training offers lawyers the latest legislative changes and how these affect the new methods used to attempt money laundering.
CPD Training in Money Laundering Law – Course Information
Money Laundering – Seminar – CPD hours 6
This seminar examines the management of:
• anti-money laundering compliance
• anti-terrorist financing, and
• reviews money laundering risk management procedures
It also takes a look at the latest and planned legislation with reference to how it will affect anti money laundering and counter terrorist financing systems.
Areas covered on this Money Laundering CPD seminar include:
• specific updates relating to issues around the subject of anti-money laundering
• examples of recent money laundering and fraud issues
• reviewing of some of the main cases
• looking at existing legislation affecting how the law deals with such offences, and
• the practice and procedure to prevent non-compliance with the Money Laundering Regulations 2007
The Law Society’s practice note is examined to provide advice on best practice and the areas of risk management, regulated activities and customer due diligence are also covered.
Other areas covered by seminar include:
• compliance and auditing
• identification and verification, and
• electronic service providers and record keeping
It also looks at internal procedures, the timing of procedures and the reliance on third parties with regards to preventing money laundering as well as on-going monitoring and training.
The seminar also highlights the tell-tale signs that money laundering could be going on and the practical issues surrounding reporting and disclosure.
Mortgage Fraud Avoidance and Money Laundering Update for Property Lawyers – Seminar – CPD hours 3
Conveyancers run the risks of being unknowingly involved in a number of mortgage fraud transactions and these risks can be very costly including liability for lenders’ claims, professional censure by the SRA for breaching the Code of Conduct, and Land Registry losses. They can even face criminal proceedings under the Fraud Act 2006 in addition to the Proceeds of Crime Act 2002.
Of all professions, lawyers need to stay current in their knowledge of law as it relates to mortgage fraud and money laundering so the course sets out to define the risks faced by property lawyers and mortgage fraud warning signs highlighted by the Law Society and CML. It looks at the extent of identity checking requirements according to the MLR 2007 and the reporting regime under POCA 2002 as well as anti-terrorism legislation. The seminar also covers the forms and procedures used to counter the risks of fraud.
Importance of Money Laundering CPD
The potential criminal charges that you as a legal practitioner can face if you fail to keep one step ahead of those planning money laundering or mortgage fraud crime can be extremely serious.
You owe it to your profession and reputation to complete the right choice of CPD training courses to you up to date with current legislation and related issues. The top CPD course providers can offer a host of CPD courses relating to money laundering law, and finding the best course providers is not as difficult as you may think.