NOW BOOKING: Anti-Money Laundering and Counter Terrorist Financing

Money laundering is a financial crime often talked about but rarely understood. The Third Money Laundering Directive takes an explicitly risk-based approach and, as this will be enacted into UK law in December 2007, it is now imperative that the threats are understood.

A number of factors combine to make money laundering one of the most significant risks facing all businesses (not only the financial services industry) in the new century:

* The increasingly sophisticated methods of organised criminals

* The global nature of business, which makes it more difficult to “know your customer”

* The high profile given to the financing of terrorism following 9/11

However, it is not only businesses that are at risk. The Proceeds of Crime Act places personal responsibility on individuals who may be held criminally liable for their actions or their negligence.

This inter-active course provides a comprehensive guide to the development of anti-money laundering and counter-terrorist financing law and regulations both in the UK and internationally. The course brings delegates up to date with the current position in the UK with discussion of the likely impact of the Money laundering Regulations 2007 and the revised JMLSG Guidance Notes. It looks in detail at the concept of the “risk based approach” and provides advice on the practical application of this approach.

Presented by Mr Steve Giles, a partner with Highview Consultants, this course will take place in Edinburgh on 19th October. For more information, or to book, please visit our website.