Anti-Money Laundering & Counter Terrorism Financing and Sanctions

01 January 2020 00:00 by Arvinder Sambei

Organisations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The UK Anti-Money Laundering & Counter Terrorism Financing module outlines your organisations under such laws as 'The Proceeds of Crime Act 2002', 'The Terrorism Act 2000', 'Sanctions and Money Laundering Act 2018' and over 30 other compliance sources. This module offers practical guidance on the identification, mitigation and the management of their money laundering and terrorism financing risks.

Module Scope:

Core Obligations

  • Overview
  • AML/CTF Programs
  • Customer Due Diligence
  • Suspicious Activity Reports
  • Recordkeeping
  • Sanctions

Legal Landscape

  • Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ('MLR 2017') (now amended by 2019 Regulation)
  • Money Laundering and Terrorist Financing Regulations 2019 (the Amending Regulations)
  • The Proceeds of Crime Act 2002
  • The Terrorism Act 2000
  • The Anti-Terrorism, Crime and Security Act 2001
  • Sanctions and Money Laundering Act 2018
  • and 30 other compliance sources

Regulators & Enforcement Agencies

  • Crown Prosecution Service
  • National Crime Agency
  • HM Revenue & Customs (HMRC)
  • Financial Conduct Authority
  • Office of Financial Sanctions Implementation
  • and 8 other regulators