AML: Identifying The Higher Risk Client (Feb 25)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODUK2510 | Type: Video | Course Level: Intermediate | Speaker: Lucy Brown | Date: 13/02/2025 10:00
Course Details
The National Risk Assessment states that payroll and TCSP are high risk services. It is generally accepted the charities pose additional money laundering risks. In this presentation we look at why this is and what mitigating actions can be put in place to protect your firm from these risks.
Lucy Brown covers the following topics during this course:
- Introduction to high risk factors
- Charities - risk of terrorist financing
- Payroll - slave labour and ghost employees
- Trust and Company Service Provision - Shell companies
- How to put mitigating actions in place to protect your firm and the wider economy.
CPD Course Speaker
Calathea Solutions Ltd
Lucy Brown
After initially working in a range of bookkeeping and accounting roles, Lucy took up a role in a team administering the £17 billion pension fund of one of the Top 3 UK banks. Later moving on to a project working with an international partner to scope a new pensions administration system. This work drew on expertise in:
• Workflow Management
• Process mapping
• Systems design
• Test design and implementation
• Interpretation of scheme rules and legislation
After a career break, Lucy went into practice as a bookkeeper, growing and developing a successful bookkeeping practice that she then sold. Whilst in practice as a bookkeeper, Lucy developed and implemented policy and processes to ensure that the business was compliant with all legislative requirements, including Anti Money Laundering legislation.
Having successfully sold the business, Lucy worked for one of the supervisory bodies supporting members to meet their legislative obligations and satisfy professional standards. In this role Lucy provided training, worked to raise awareness, and provided advice to a wide variety of members – alongside overseeing the mandatory penalty regime and developing an independent appeals process.
Lucy provides professional advice focusing on the following areas:
AML
Policy Development
Training
Workflow Analysis
Business Processes
• Workflow Management
• Process mapping
• Systems design
• Test design and implementation
• Interpretation of scheme rules and legislation
After a career break, Lucy went into practice as a bookkeeper, growing and developing a successful bookkeeping practice that she then sold. Whilst in practice as a bookkeeper, Lucy developed and implemented policy and processes to ensure that the business was compliant with all legislative requirements, including Anti Money Laundering legislation.
Having successfully sold the business, Lucy worked for one of the supervisory bodies supporting members to meet their legislative obligations and satisfy professional standards. In this role Lucy provided training, worked to raise awareness, and provided advice to a wide variety of members – alongside overseeing the mandatory penalty regime and developing an independent appeals process.
Lucy provides professional advice focusing on the following areas:
AML
Policy Development
Training
Workflow Analysis
Business Processes