The essential practical guide for the Money Laundering Regulatory Officer

Event Details

Course Code: S3881
Speaker: Jo Morris
Specialisations: Management,
Venue: Liverpool Law Society, 2nd Floor Helix, Edmund Street, Liverpool, L3 9NY
Date: Friday, 1 December, 2017
Time: 09:30 - 12:45

Members Price: £105
Non Members Price: £150
Corporate Training Offer: Free
Training Season Ticket: Free

Note: 20% Vat added at checkout








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Event Description

On the 26th June 2017, under the Fourth Money Laundering Directive (4MLD), the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came in to force.  Changes were also made to the Proceeds of Crime Act (POCA).

Under the MLR2017 and legislation it is a requirement by law to have a nominated money laundering reporting officer (MLRO) in the regulated sector. MLRO’s and their deputies will need to ensure that all policies, procedures and internal controls have been updated to incorporate the changes and training has been provided for the staff.

The course will cover:

  • The appointment of the MLRO
  • Job description - what does the role cover
  • The Money Laundering Regulations 2017:
    • Risk assessment requirements
    • Changes made to due diligence
    • Capturing of client information
    • Identifying the source of funds and wealth
    • The extended definition of a PEP
    • Beneficial owners
    • Record keeping
  • MLR2017 and Data Protection
  • Training – who, what, when and how
  • Reporting to the NCA – what to report and how to complete a SAR
  • Penalties for getting it wrong
  • Template documents – what records should you be keeping
  • The future – 5MLD

Joanna Morris has over thirty years’ experience of working in solicitors practices from being a legal cashier to a practice manager.  Joanna is a consultant having previously worked in a top 40 law firm as a Risk and Regulatory Compliance Training Manager.  She has also worked as the Finance Compliance Manager for the first Alternative Business Structure (ABS) in Wales.  She is a Diploma member of the Institute for Legal Finance and Management (ILFM).  Joanna is a qualified NVQ assessor and holds a Certificate in Education for Teaching in the Lifelong Learning Sector. Jo was highly commended in June 2011 by the Legal Education and Training Group (LETG) in the category Best Programme for Lawyers for Solicitors Accounts Rules training for Hill Dickinson LLP.  She was also shortlisted in the category of Compliance Trainer of the Year for the Women in Compliance Awards 2014.

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