Richard Simms, Managing Director of AMLCC
Session time: 9.05am - 10.05am
The worldwide Financial Action Task Force recommendations for combatting money laundering, terrorist financing and proliferation financing are continually being refined and updated to pursue the crucial fight against organised crime. Attendees will gain an understanding of what money laundering, terrorist financing and proliferation financing are and why accountants are so important to anti-money laundering. The regulations governing the legal obligations of the accountancy sector are regularly being amended and it is vital accountants understand their legal obligations and stay completely up to date. Richard will explain how your firm can achieve AML regulatory success and explain the risks you should be looking out for. Richard looks forward to discussing specific queries or questions on the day.
Your crucial role in anti-money laundering
- What is money laundering, terrorist financing and proliferation financing?
- The enormity of the world-wide money laundering problem
- Why are accountants important to anti-money laundering?
- How does your firm achieve regulatory success?
- Can you provide conclusive proof you are complying correctly?
- What to look out for
- Accountancy sector service risks
Richard, Managing Director of AMLCC, is both a professional regulated under the anti-money laundering regulations and a leading authority on anti-money laundering compliance, risk management and education. Since 2007 when AML regulation for accountants was introduced in the UK, as both a chartered accountant and an insolvency practitioner, Richard has seen first-hand the challenges of implementing effective AML processes. Working with accountancy regulators, Richard used his unique professional insights to create AMLCC in 2008.