ACCA Ireland are delighted to announce our upcoming Anti-Money Laundering Conference for 2021. The event will take place on Wednesday, 7 July and will be delivered by Garret Wynne, Principal at Garret Wynne & Co Limited and an expert in AML legislation.
This half-day event is designed to provide an update to firm staff and senior management on the AML legislation in place, including revised updates in 2021 under the 5th AML Directive. This event will focus on 2 key areas for firms:
1. Staff Training
- The legislation in summary
- What is money laundering and terrorist financing
- How is money laundering undertaken
- Who are the beneficial owners
- What about companies and CLGs and partnerships
- What are the client risk factors and how to spot them
- How to risk assess for CDD and to document that risk assessment
- What CDD documents to obtain – gathering and validation
- CDD and other designated persons
- Working for clients that are designated persons
- PEPs
- Suspicion/professional scepticism/knowledge
- Tipping off
- Reporting to the AMLRO
2. Role of the AMLRO and the Preparation of the Firm’s AML Documentation
- Appointing the AMLRO
- The role of the AMLRO
- The CCABI guidance
- The FATF report on Ireland
- The regulation by the FIU and regulatory structure
- What are the firms risk factors and how to spot them
- Preparing the firms firm wide risk assessment document
- Preparing a firms policies and procedures document
- Setting a CDD documentation policy
- Policies for third party CDD reliance
- Outsourcing and secondments
- Suspicious Transaction Reporting
- What and when to report
- Registering on GoAML
- Reporting to Revenue
- Legal professional privilege
- Tax offences