About Andrea:
Andrea is a Legal Director in the Compli team, Weightmans' bespoke regulatory consultancy service for the legal sector, advising on all aspects of regulation, compliance, risk management and disciplinary matters.
Stay compliant, protect your firm, and fulfil your legal obligations with our tailored AML training
Compliance with anti money laundering regulations is not optional. For solicitors, accountants and other regulated professionals, anti money laundering compliance is a legal requirement. Those who do not comply, face severe penalties, such as criminal proceedings, fines and, potentially, bans from operating in a regulated industry. We can help.
Our AML training course — delivered by experts with deep experience of anti money laundering regulations — is a training plan tailored to your unique situation, helping you to stay compliant, safeguard against financial crime and meet regulator demands with confidence.
Get a free AML training quoteTopics covered by our AML training
Our AML training is completely bespoke and tailored to your situation. However, topics we typically cover include:
- What money laundering is, and how it works: we'll explain how money laundering works and the three stages of money laundering. We'll provide real life examples of money laundering schemes that have targeted regulated professionals.
- Anti money laundering rules and regulations that you need to know, such as the Money Laundering Regulations, the Proceeds of Crime Act and the Terrorism Act.
- Customer due diligence (CDD) and client identity verification: we'll teach you how to properly verify client identity — from verifying identity documents to understanding beneficial ownership of companies and trusts. We'll explain when enhanced due diligence is needed and what it entails.
- Source of funds and source of wealth: we’ll explain how to determine and verify the client’s source of funds for the transaction and, where relevant, the origin of a client’s overall wealth.
- Recognising suspicious activity and common red flags: through the use of real world examples, we'll show you how to spot some of the common signs of money laundering.
- How to respond to suspected money laundering: you'll learn how to react in the correct way, while ensuring that you do not become guilty of tipping the client off. We'll cover effective record keeping to satisfy regulator requirements.
- Ongoing monitoring and updates: implementing an effective anti money laundering system is not a one-time task — it requires ongoing monitoring and vigilance. You'll learn how best to do this and the importance of regularly refreshing your knowledge.
Why choose our AML training?
Our AML training is designed with solicitors and other regulated professionals in mind. Key features of our AML training include:
- Tailored focus: generic courses can only get you so far. Our AML training course is completely tailored to you, meaning you can quickly apply what you learn.
- Delivered by true experts: our training isn't delivered by trainers with only a theoretical knowledge of AML, all our trainers are legally qualified AML experts.
- Up-to-date curriculum: because our trainers are legal experts who live and breathe anti money laundering regulations, you can be confident that our training is fully up-to-date.
- Flexible delivery: we can provide our training at your offices or online, whichever suits you best.
Ensure your compliance by enrolling today
Every solicitor, accountant or other regulated professional has a legal duty to be vigilant to potential money laundering. When you choose our AML training, you're not just ticking a compliance box, but empowering yourself and your team to navigate anti money laundering regulations with confidence and to protect your firm's reputation.
Contact our friendly team using the form below to get a free, no-obligation quote.
Our AML training lead