AML LESSONS
There are seven lessons in this programme, which are:
(please click the titles for further information)
- The Legal Background and Introduction to Money Laundering Techniques
- Requirements under the LCCP and the Risk Assessment
- Identification, Verification and using third parties to conduct CDD
- Initial CDD, Simplified Due Diligence and Customer Risk Assessment
- High-risk customers, Enhanced Due Diligence and PEPs
- Ongoing CDD and Record Keeping Requirements
- Internal and External Suspicious Activity Reports
THE LEGAL BACKGROUND AND INTRODUCTION TO MONEY LAUNDERING TECHNIQUES
This lesson covers:
- The legal background from European and UK law, as well as international standards
- Definitions of crime relating to money laundering and intro to legal obligations
- Introduction to due diligence requirements
- The stages of money laundering
- Laundering techniques and the remote gaming sector
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
This lesson is suitable for management and staff alike.
Following this lesson, you will be able to:
- State the legal background as it relates to AML
- Understand your legal obligations relating to AML reporting
- State the various types of due diligence required under AML legislation
- Discern the various stages of money laundering and recognize them later
- Be aware of the most typical techniques of money laundering in the remote casino sector
To discuss booking this lesson, or any other, please
REQUIREMENTS UNDER THE LCCP AND THE RISK ASSESSMENT
This lesson covers:
- Requirements relating to AML under the LCCP
- Role of gambling operators in money laundering reporting
- Risk defined and the risk-based approach
- Categories of risk to consider in your risk assessment
- Risk factors – evaluation and analysis
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- Understand your obligations under the LCCP and adhere to them
- Understand the risk-based approach and related requirements in a more in-depth manner
- State clearly how risk ought to be defined
- Use your knowledge of risk categories and factors to perform an effective risk assessment of your business
- Discern what steps must be taken to mitigate the AML risk faced by your business
To discuss booking this lesson, or any other, please
IDENTIFICATION, VERIFICATION AND USING THIRD PARTIES TO CONDUCT CDD
This lesson covers:
- Identification and verification – defined
- Acceptable documents for identification and verification
- Compliant electronic verification processes;
- Requirements for using third parties and outsourcing service providers for customer due diligence
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- State what is mean by identification and verification
- Understand what documents you must collect and how they enable identification and verification
- Ensure any electronic verification methods you use will be compliant, through understanding of what they must achieve
- Create effective policies for the identification and verification stages of customer due diligence
- Understand the criteria by which you must select any third parties who are to assist you with due diligence
- Discern where responsibility lies for compliance with requirements surrounding customer due diligence
- Create effective policies and procedures for engaging and contracting with third parties
To discuss booking this lesson, or any other, please
INITIAL CDD, SIMPLIFIED DUE DILIGENCE AND CUSTOMER RISK ASSESSMENT
This lesson covers:
- How your customer due diligence approach should be governed
- When you must conduct customer due diligence
- Considerations for Customer Risk Assessment and review
- What customer due diligence should involve
- Steps to take when unable to perform CDD
- When you can apply and discontinue simplified due diligence
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- State the principles which should lie behind your customer due diligence approach
- Understand the point at which customer due diligence becomes mandatory
- Discern which measures should be taken for customer due diligence to be compliant and effective
- Ensure that your organization does not fall foul of AML rules by understanding what you must do when you cannot apply CDD measures effectively
- Apply simplified due diligence when it is appropriate;
- Share your knowledge in this area with others in your organization;
- Use your knowledge to create effective AML and CDD policies and procedures, alongside insight gained in other lessons in the programme.
To discuss booking this lesson, or any other, please
HIGH-RISK CUSTOMERS, ENHANCED DUE DILIGENCE AND PEPS
This lesson covers:
- Signs of a high-risk customer and customer assessments for high risk customers
- Application of Enhanced Due Diligence measures (EDD)
- Politically Exposed Persons (PEPs) – defined
- PEPs, the risk-based approach and related requirements
- Identifying a PEP
- Dealing with sanctioned persons
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- Spot high-risk customers and perform effective risk assessments for such customers
- Understand when EDD should be performed and what should be done
- State what constitutes a PEP
- Identify a PEP, and perform effective due diligence on such customers
- Discern what you should do when a sanctioned person seeks to use your services
- Share this knowledge with relevant members of your team
- Create effective policies in this area to be included in your wider customer due diligence policies and strategies
To discuss booking this lesson, or any other, please
ONGOING CDD AND RECORD KEEPING REQUIREMENTS
This lesson covers:
- Requirements relating to ongoing customer monitoring
- Signs of money laundering or terrorist financing arising from ongoing monitoring
- When you should cease conducting ongoing monitoring
- Record keeping requirements relating to customer monitoring and the forms records can take
- Data protection and record keeping
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- State what you must do with regard to online customer monitoring
- Outline scenarios which might suggest money laundering or terrorist financing are occurring, as evidenced via data from customer monitoring
- Keep appropriate and effective records as they relate to your ongoing customer monitoring
- Understand what data you can collect, and where you must seek consent to collect it
- Share this knowledge with other members of your team
- Create effective policies in these areas, and include them in your wider AML and CDD policies where appropriate
To discuss booking this lesson, or any other, please
INTERNAL AND EXTERNAL SUSPICIOUS ACTIVITY REPORTS
This lesson covers:
- Knowledge and Suspicion – definitions and examples
- Compliant processes for internal and external reporting
- Process of submitting a SAR and Nominated Officer responsibilities
- When you should request a defence (consent)
- SAR reporting for Remote Casinos
- Tipping off and prejudicing an investigation and the related consequences
Attendees will have the opportunity to interact with the presenter and each other, to share their thoughts or prior experiences as they relate to what is covered in the lesson.
A test of knowledge gained during the lesson is also available should the client wish to have this.
Following this lesson, you will be able to:
- State what is meant by knowledge and suspicion
- Feed your understanding of these terms into understanding when internal and external suspicious activity reports must be made
- For Nominated Officers and their deputies, understand how to submit a SAR and when it is right to request defence (consent) and when it is not
- Understand when, as a remote casino operator, it is your responsibility to submit a SAR to the NCA or a similar body in another jurisdiction and when it is not
- Discern how to avoid committing an offence related to tipping off or prejudicing an investigation
- Share this knowledge with any relevant staff
- Create effective policies in this area, and add them into your wider AML policies where appropriate
To discuss booking this lesson, or any other, please