Money Laundering

Tim Edward is Deputy Money Laundering Reporting Officer and Proceeds of Crime Act Nominated Officer for Dentons UK & Middle East. He is also a member of their Business Acceptance Committee for higher risk business.

In this session he and his London Compliance team leader,Rehana Begum, will review how the changes implemented within the Money Laundering Regulations 2017 have impacted firms and their clients and how firms might best prepare themselves for regulatory audit in this area. He will also cover reporting duties under The Proceeds of Crime Act and how your firm can minimise the risk of contravening current regulations.

This seminar will cover the following topics:

The Impact of the Money Laundering Regulations 2017 and the 4th and 5th Money Laundering Directives

Anti- Money Laundering Audits ( which most firms are now going through)

Cannabis (a hot topic on POCA and maybe something which you are unaware is an issue)

Due Diligence on counter parties. (Are you doing enough?)

Risk-rating: how you can calculate risks without having to buy a costly system etc and how you should be documenting client risk assessment, how monitoring of matters can be done (or are you doing enough), and what tools you may want to consider.