CPDStore Ireland

No firm wants to be used as a tool for money laundering. Yet, without the right awareness, policies, and controls in place, it can happen without anyone realising until it is too late. Understanding how money laundering occurs, recognising the warning signs, and knowing the types of individuals most likely to be involved are the first lines of defence for any accounting practice. AML Compliance is not a one-off exercise; it is an ongoing commitment that requires the right policies, procedures, controls, and monitoring with every member of staff fully engaged. This session will give you a thorough grounding in what it truly means to be AML compliant, walk you through the key building blocks of a robust compliance framework, and equip your firm with the practical knowledge to protect your clients, your business, and your professional reputation.

Lungi Sepotokele will cover the following topics during this webinar:

• What Does Being AML Compliant Actually Mean? 
• The Role of the Money Laundering Reporting Officer (MLRO)
• Customer Due Diligence (CDD) and Valid Documentation 
• The Review Process 
• Informing and Educating the Client

By attending this session, you will learn/understand/be able to: 

• Understand what full AML compliance means for your firm and the legal obligations that apply to you as a designated person
• Clearly define the role of the MLRO and implement effective internal reporting structures
• Conduct, document, and review Customer Due Diligence using valid and appropriate documentation
• Build and maintain an ongoing AML review process that keeps your firm compliant as client relationships evolve
• Communicate AML requirements to clients with confidence and ensure all staff are informed, engaged, and prepared

This session will be of most interest to: 

• Accountants and accounting technicians in practice
• Practice managers and compliance officers within accounting firms
• Partners and sole practitioners with AML oversight responsibility
• Money Laundering Reporting Officers (MLROs) or those newly appointed to the role
• Bookkeepers and tax advisers who are designated persons under AML legislation

Course Level: Need to Know