The Anti-Money Laundering and Countering-Terrorist Financing Ordinance ("AMLO") came into effect from 1 March 2018.  In order to support members, and SMPs in particular, in their compliance with and implementation of the new AML regulatory regime, the Institute has collaborated with SWAT UK, a leading UK provider of accountancy training and technical guides, to produce the AML procedures manual for accountants ("the manual"). Launched in June 2018, the manual provides guidance together with example policies and procedures to help users to fulfill their obligations under AMLO and other applicable ordinances.

With the manual on hand, where do you get started? Enrol to this recorded e-seminar to learn more about making effective use of the manual. The speaker, who is also one of the authors of the manual, will walk you through the manual and explain the practical steps need to be taken in responding to the current fast-paced regulatory requirements.

E-seminar outline:  

• Overview of the new AML requirements
• Overview of the manual
• Using the manual in practice
  • Understanding your client
  • Risk assessment
  • Verification
  • Ongoing monitoring

Speaker: 

Mr. Andy Holton, Head of Publications, SWAT UK Limited

Mr. Holton is a member of the Institute of Chartered Accountants in England and Wales ("ICAEW") and has been Head of Publications at SWAT for almost 20 years. In addition to audit and financial reporting related titles this includes responsibility for SWAT’s anti-money laundering procedures manual and also the anti-money laundering systems authored by SWAT for ICAEW.  For much of his time Mr. Holton has also been either Money Laundering Reporting Officer ("MLRO") or deputy MLRO.

Enrolment form 

Preview

Members are also reminded to visit the Institute's dedicated AML webpage for more technical resources.