A webinar designed to help supervised firms ensure they maintain a firm-wide risk assessment which meets regulatory requirements and best practice, appropriate and proportionate for their size and activities.
12:30 - 13:30
The Money Laundering Regulations require regulated firms to take appropriate steps to identify and assess the risks of money laundering and terrorist financing to which its business is subject.
To do so, firms need to understand their inherent risks and the effectiveness of controls in place to mitigate such risks.
The firm-wide risk assessment is the foundation of a firm’s approach to preventing money laundering and terrorist financing and its outcome should inform a firm’s policies, procedures and monitoring processes.
This webinar will help supervised firms ensure they maintain a firm-wide risk assessment which meets regulatory requirements and best practice, appropriate and proportionate for their size and activities.
The focus of the webinar will be:
David Potts is director of operations at the AIA and is responsible for maintaining the professional body’s international recognition and regulatory strategies. David works with regulatory bodies across the world to ensure AIA members meet the appropriate standards of competence and professionalism. David is a Professional Member of the International Compliance Association.
Richard Simms is Managing Director of F A Simms & Partners Limited a Business Rescue and Insolvency Practitioners. Having trained as an Accountant and Licensed Insolvency Practitioner, Richard took over the role of Managing Director in 1999. Richard is also director of the Anti-Money Laundering Compliance Company Limited (AMLCC). AMLCC is a comprehensive and practical guide assisting Accountants and Bookkeepers to comply with the Money Laundering Regulations that is offered to AIA members in practice as part of their membership.