Bookkeepers: How to Prepare for an AML Inspection (Nov 25)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODBKCO2UK25D1S2 | Type: Video | Course Level: Intermediate | Speaker: Lucy Brown | Date: 12/11/2025 11:00
Course Details
This course focuses on what you can do to prepare your firm for an AML inspection. Do you fear the call from your professional body supervisor to inform you of being selected for inspection? We discuss the actions you can take now to reduce the fear and give you increased confidence in your firm's AML culture.
Lucy Brown covers the following topics during this course:
- Why are firms inspected
- Looking at the regulatory structure and importance of good AML compliance
- What might trigger an inspection?
- Supervisory bodies are required to take a risk-based approach – what does this mean and how does this inform what the regulators look for?
- What are the inspectors looking for?
- What is the format of an inspection, how much detail might the inspector go into, what will they want to see?
- What can you do to prepare?
- How to make the inspection flow easily, how you can present your documents to show compliance
- What are the consequences?
- Disciplinary action, financial and reputational damage
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.
• 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.