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|Certificate in Anti-Money Laundering (MLRO)||
Those who wish to become a subject matter expert in the AML Regulations
30 hours (12 private study, 7 interactive webinars, 8 Workshops, 3 leading in-house training session) over 12 weeks
This course is aimed at the AML Board Member, MLRO, Deputy MLRO and SMF Manager (“the MLRO Team”). Between them they are required to design, implement, enforce and continually review the firm’s AML policies, controls and procedures.
There are a number of other duties (e.g. submitting SARs to NCA, reporting to the Management Board) that are imposed on the MLRO.
JMLSG Guidance Part 1, s1.1:
“Senior management has a responsibility to ensure that the firm’s policies, controls and procedures are appropriately designed and implemented, and are effectively operated to reduce the risk of the firm being used in connection with money laundering or terrorist financing.”
The reality is that it is the MLRO Team, and often the MLRO solely, who will be held to account for any breaches of the AML Regulations (where ‘AML’ is used it is intended to include the AML/CTF/Sanctions related Regulations).
The purposes of the MLRO Certificate is to equip the MLRO/MLRO Team with the skills and knowledge to:
The contribution each Compliance Team member makes to maintaining the firm‘s Compliance record and reputation should not be under-valued. Nor should the time and commitment required to reach this standard of excellence.
Become a subject matter expert in the AML Regulations and acquire an in-depth knowledge of everything covered in the syllabuses of each of the Gatekeeper, Accounts Staff and Fee Earner/Case Handler Certificates.
This level of knowledge and skills is essential if the Compliance Team member is to fulfil their role as a skilled and knowledgeable AML coach and adviser in which they will be required to:
To maintain the value of the Compliance Team Certificate each participant’s level of skills and knowledge will be assessed by a Lead Coach.
This assessment is in 3 parts:
The Lead Coach will work with every candidate who demonstrates commitment and effort to help them raise their knowledge and skills to the level required to obtain the Compliance Team Certificate. If the required level is not demonstrated in the first Assessment a subsequent Assessment will be arranged. The Lead Coach will work with the candidate to address the areas that were identified as needing attention.
At the same time as sending successful participants their Certificate the Lead Coach will advise their MLRO that they have obtained their Compliance Team Certificate.
The course fee is £1,480 + VAT.
If you have a training requirement for a Compliance Team of 10 or more why not contact us to discuss us tailoring the content of the Compliance Team course to match the AML policies, controls and procedures you have in place?
Most of the Compliance Team course can be delivered online and is therefore available worldwide. If you would prefer the training be delivered face to face at your office/training venue please contact us to discuss this.