Course Details

As economic crime continues to evolve there is a risk of the UKs extensive anti-money laundering and terrorist financing regime becoming outdated and ineffective.  In 2022 a review was undertaken by HM Treasury focussing on ensuring the application of risk-based controls across the regulated sector and developing a world-class AML Supervisory regime.  The results of this review and the following consultation have been published and have lead to several intended changes to the MLRs.  In this session we will look at these changes and the impact they will have on your firm's policies, controls and procedures.


In this session Lucy Brown will cover the following topics:

  • The MLR review
  • The consultation
  • The consultation response
  • Proposed timescales
  • Other upcoming changes

 

By attending this session, you will understand and be able to prepare for the intended changes to the MLRs so that when they come into force the policies, controls and procedures within your firm are ready and aligned.


This session will be of most interest to accountants and bookkeepers.


Course level:  Foundation - but good for any MLRO/ accountancy service provider

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.