Course Details

The firm's policies, controls and procedures form the backbone of the firm's compliance.  A well drafted document will promote AML compliance, build in efficiencies to your processes and mitigate and manage the risks of money laundering, terrorist and proliferation financing, identified in the risk assessments, to which its business is subject

 

In this course Lucy Brown covers the following topics:

  • Regulation 19: the requirement to establish and maintain policies, controls and procedures
  • Components of a good PCP
  • Common errors
  • Regulation 21.c.i : to examine and evaluate the adequacy and effectiveness of the policies, controls and procedures
  • Whole firm risk assessment v Policies Controls and procedures

 

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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.