AML Modules 2 to 7 Bundle

This module explores the requirements for bookkeepers and accountants to develop ways of working which identify and then reduce money laundering risks. It introduces the ‘firm risk assessment’ and explains the basis for AML policy. It also covers the importance of systematic procedures which will be used by the business for compliance with the AML regulations.

This module explores an approach for assessing sources of money laundering risk that affect the bookkeeping/accounting practice and developing the ‘firm risk assessment’ in more detail. It highlights the importance of ‘client risk assessment’ and explores methods for effective information management.

This module explains the requirements for CDD, how it is a part of ‘client risk assessment’ and the necessary links with a ‘know your customer’ approach across the bookkeeping practice. It highlights the role of the MLRO, explains what is required for AML compliance and clarifies commonly found issues.

This module focuses on the records necessary for compliance with AML regulations, archiving, the management of records and data protection issues. It also explores ‘business continuity’ and effective practical arrangements that will need consideration and forward planning.

This short module provides a ‘toolkit’ approach for bookkeepers to design, review and then improve the systems and methods used for business operations including the procedure necessary for AML compliance.

This module explores the duty to make anti money laundering reports, understanding the bases for reporting, the function of the National Crime Agency, necessary reporting systems for the bookkeeper or accountant and the role of the MLRO. It also covers regulatory requirements for training amongst bookkeepers, independent accountants and staff.