Money Laundering - What Every Solicitor Needs to Know

Course level

Intermediate

Delegates

This course is aimed at solicitors providing legal services involving financial or property transactions, in particular conveyancing, probate, asset or bank account management, and the formation or management of trusts and companies.

Overview

Compliance with money laundering obligations has been described by the Law Society as ‘one of the greatest challenges for solicitors in the UK today’.

Solicitors providing legal services in relation to financial or property transactions perform a key role, acting as gatekeepers to the financial sector. These services can be exploited by criminals to launder the proceeds of their unlawful activity. As professionals working in a regulated sector, you need to be able to recognise high risk business activities and be aware of the anti-money laundering regime, as failure to comply with obligations can result in serious consequences for a firm or an individual.

This course provides you with a clear understanding of money laundering, promoting an effective risk-based approach which allows you to exercise reasonable business and professional judgment with respect to clients, ensuring compliance with legal obligations.

By the end of this course you will be able to:

• Demonstrate an understanding of the nature of money laundering
• Identify areas of business where there are higher risks
• Evaluate high risk clients
• Recognise the legal obligations placed upon staff
• Articulate the principal objectives and elements of a ‘Know Your Customer’ policy
• Review, develop and implement systems and controls within a firm

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."