Topics

Tim Pinkney, IFA Director of Professional Standards

Topic: Changes in AML legislation and a review of AML Alerts issued by IFA

Tim will cover recent AML regulatory updates and how they impact on firms and take a look back at AML Alerts issued by IFA to discuss red flag indicators and how firms should utilise these alerts.

Topic: ECCTA and Accounts API Only Filing

This session will provide a vital update on the Economic Crime and Corporate Transparency Act (ECCTA) and its implications for future accounts filing requirements. It will outline the move toward third-party software as the only method for electronic filing, and explore what this transition means for companies, authorised filers, and Companies House systems.

A must-attend for anyone involved in corporate compliance or financial reporting.

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Topic: Submitting quality SARs

This essential session offers an overview of the UK Financial Intelligence Unit (UKFIU) and the Suspicious Activity Reports (SARs) regime. Ideal for both newcomers to anti-money laundering (AML) compliance and seasoned professionals seeking a refresher, the session will break down the fundamentals of the SARs process and provide practical guidance on how to submit high-quality reports.

Attendees will come away with a clearer understanding of how to contribute effectively to the UK’s AML efforts.

This session will cover:

• Introduction to the SARs regime
• Value of SARs
• Key best practice guidance for the accounting sector
• Ongoing support available · Q&A

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Richard Simms, AMLCC

Topic: Understanding AML Risk

Fully compliant business and client risk assessments are a key part of your AML legal obligations; but much more importantly they are how you spot relevant risks and take steps to protect yourself, your business and your employees from criminal activity. Richard will explain the nature of AML risk, the risk areas you must cover and those sensible to consider. He will then discuss constructing quality business-wide and client risk assessments that actually achieve the proper end goal. Risk mitigation is a fundamental part of the process and Richard will help demystify this process. Understand how assessing risk and protecting yourself from it can become an everyday process. Richard looks forward to discussing specific queries or questions on the day.

This session will cover: 

• What’s the nature of risk for AML?
• The statutory risk areas
• The practical risk areas 
• The business-wide risk assessment
• Client risk assessments 
• Are client risk assessments part of CDD?
• Effective risk mitigation