This event is a recorded ACCA webinar available for on demand purchase. This is not a live event. CPD points are available and resources are available on the ON24 platform. You will have access to the recording and resources through the ON24 link once registered.
The original live event took place on the 6th of July 2023. Access to the recording link will expire on the 6th of July 2024.
OVERVIEW
The role of the MLRO in an accountancy firm carries with it serious obligations under the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 to 2021. It also carries personal liability. Failure to discharge the duties under the legislation could result in the MLRO being liable to a fine and up to five years’ imprisonment.
KEY FEATURES
- Main requirements of the Criminal Justice (Money Laundering and Terrorist Financing), Acts, 2010 to 2021
- Receiving internal STRs from employees in the firm
- Making final decisions on behalf of the firm on whether these suspicions need to be reported externally to the Garda/Revenue Commissioners
- Reporting to Garda/Revenue Commissioners on the GoAML/ROS systems
- Supervising the implementation of the firm’s AML policies Controls & Procedures
- Carrying out regular AML Compliance Reviews and reporting internally to the firm’s management on compliance status
- Supervising AML training for all firm personnel
SPEAKER
John McCarthy FCA of John McCarthy Consulting Ltd.
John McCarthy is a regular speaker on accountancy practice matters, compliance and audit/accounting technical regulation. He frequently assists firms preparing for regulatory inspections.
He has expertise in delivery of Anti-Money Laundering (AML) training to accountants, tax experts, solicitors, insurance brokers, auctioneers and company secretarial and trust specialists.
He has given joint (AML) presentations with the Garda Economic Bureau and the Revenue Commissioners and has also organised and presented specialist courses on the Solicitors Accounts Regulations, insurance brokers and charities.