Anti-Money Laundering refresher ROI

The Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 and 2013 increased the obligations on a wide range of "designated persons" including trust or company service providers, tax advisers, high value goods dealers, private members' gaming clubs, credit and financial institutions, lawyers, accountants, estate agents, and others in relation to money laundering and terrorist financing. This Course will provide you with an overview of some of the key issues that affect you as an accountant, tax adviser or company service provider. It will also provide you with a rounded view of the legislation insofar as it may apply to some of your clients. While the course is very much driven by the legislative requirements, it will remain practical in nature and focus on actual procedures and considerations that you can implement in your firm. It promises to take the mystery and the ambiguity out of the requirements.

Who should attend this course?

This course is designed for accountants, auditors, tax advisers or company service providers who provide services to the public or to other professional firms. Those with an interest in Anti-Money Laundering requirements or practice clients affected by the legislation are also welcome to attend.

Topics covered on The Anti-money Laundering Refresher Course include:

• Identifying Anti-Money Laundering – What exactly is it?
• Some current money laundering trends used by criminals
• Identification of clients – e.g. when is a client a client and when must you carry out AML procedures?
• On-going monitoring requirements
• When can you rely on third party information?
• Obligations to report a money laundering offence
• Some other reporting obligations on auditors/accountants
• Thinking about what AML procedures you need to have in place in your firm.
• Conducting an Anti-Money Laundering Compliance Review
• How the Gardai deal with reports of ML/TF
• Directions, Orders and authorisations relating to investigations
• What happens if the Gardai come and search your offices?