Anti-Money Laundering for Law Firms
Money laundering is a worldwide concern, especially for those dealing with significant financial assets and goods. Law firms, in particular, face elevated risks. Our eLearning course is designed specifically for law firms, offering vital knowledge and strategies to combat money laundering effectively.
This course delves into the core concepts of money laundering and anti-money laundering practices, providing a foundation for understanding and addressing the issue. It also explores the regulatory landscape, offering insights into the Legal Sector Affinity Group (LSAG) and other relevant authorities.
Navigating anti-money laundering regulations in the UK is simplified in this course, enabling law firms to stay compliant and secure.
- Fully accredited organisation
- Meets UK and EU legal requirements for law firms
- Compatible with PC, Mac, iOS, and Android devices
- Printable PDF e-certificate upon completion
- Online course with no time limits
- Estimated duration: 120 minutes
- Free for up to five users
Receive a custom quote
If you want to buy in bulk or access more LMS features, fill in the form or email hello@tayl.net.
Thank you!
We will be in touch soon.
Training you can trust
Course Content
Course Content
Introduction to Money Laundering
Vulnerable Industries and Sectors; Anti-Money Laundering (AML); Importance of AML; Money; Laundering Process; Warning Signs of Money Laundering; Cash Rich Businesses.
Regulators and LSAG
Regulatory Bodies and Their Supervision; LSAG Guidance; Sanction Compliance and Due Diligence; The Financial Conduct Authority (FCA); Registered Businesses and Authorised Firms; MLCO and MLRO Roles; Requirements for Law Firms; HMRC's Role and Penalties.
UK Anti-Money Laundering Regulations
Money Laundering Regulations in the UK; Key Regulations and Acts; EU Money Laundering; Directives; The Principal Money Laundering Offences; Legislation Overview (MLR 2017, MLR 2019, POCA, Criminal Finances Act 2017, Terrorism Act 2000, Bribery Act 2010); Penalties and Offences; Reporting and Disclosing Suspected Money Laundering; Tipping Off Offense.
Staff Training and Record-Keeping
Training Staff on Anti-Money Laundering; Frequency of Training; Training Content and Objectives; Staff Responsibilities; Partners' Roles and Responsibilities; Suspicious Activity Reporting (SAR); Record-Keeping; Handling Investigations; Reporting to MLRO; Tips on Reporting and Tipping Off.
Risk Assessments and Client Identification
Introduction to Money Laundering Regulations 2017; Firm Risk Assessment; Client and Matter Risk Assessments; Standard Due Diligence (SDD); Enhanced Due Diligence (EDD); Chinese Capital and Its Restrictions; Politically Exposed Persons (PEPs).
| Module | Description |
|---|---|
| Introduction to Money Laundering | Vulnerable Industries and Sectors; Anti-Money Laundering (AML); Importance of AML; Money; Laundering Process; Warning Signs of Money Laundering; Cash Rich Businesses. |
| Regulators and LSAG | Regulatory Bodies and Their Supervision; LSAG Guidance; Sanction Compliance and Due Diligence; The Financial Conduct Authority (FCA); Registered Businesses and Authorised Firms; MLCO and MLRO Roles; Requirements for Law Firms; HMRC's Role and Penalties. |
| UK Anti-Money Laundering Regulations | Money Laundering Regulations in the UK; Key Regulations and Acts; EU Money Laundering; Directives; The Principal Money Laundering Offences; Legislation Overview (MLR 2017, MLR 2019, POCA, Criminal Finances Act 2017, Terrorism Act 2000, Bribery Act 2010); Penalties and Offences; Reporting and Disclosing Suspected Money Laundering; Tipping Off Offense. |
| Staff Training and Record-Keeping | Training Staff on Anti-Money Laundering; Frequency of Training; Training Content and Objectives; Staff Responsibilities; Partners' Roles and Responsibilities; Suspicious Activity Reporting (SAR); Record-Keeping; Handling Investigations; Reporting to MLRO; Tips on Reporting and Tipping Off. |
| Risk Assessments and Client Identification | Introduction to Money Laundering Regulations 2017; Firm Risk Assessment; Client and Matter Risk Assessments; Standard Due Diligence (SDD); Enhanced Due Diligence (EDD); Chinese Capital and Its Restrictions; Politically Exposed Persons (PEPs). |
How it Works
Our Anti-Money Laundering for Law Firms e-learning course is delivered online through our Tayl platform. This means you can complete this course on any device that can access the internet, and you can take a break at any time and save your progress. You can also add more users to your account, access more compliance training courses, and track who has done what.
Your Certificate
To complete your course and download your Anti-Money Laundering for Law Firms certificate, you need to have correctly answered enough questions in the quizzes throughout the course. You’re able to retake these quizzes as many times as you want. The certificate is printable and will be accessible at any time when you log into our platform. The certificate is saved on our system so you can use it to prove a commitment to ongoing legal compliance.
Access this course for free
Receive a custom quote
If you want to buy in bulk or access more LMS features, fill in the form or email hello@tayl.net.
Thank you!
We will be in touch soon.
Course Snippets
“Was one of the best courses I've done explained everything will definitely keep using this site”
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Frequently asked questions
Got more questions? No problem, reach out to us at hello@tayl.net.
- Do I get a certificate?
- When you complete a course you're issued with a printable Anti-Money Laundering for Law Firms completion certificate at no extra cost.
- Can I retake courses?
- We understand that it can take a bit of time to understand the material. That's why you can have as many retries of a course as you need at no extra charge.
- Why take an Anti-Money Laundering for Law Firms course?
- It's essential for legal professionals to ensure compliance with regulations, protect against financial crimes, and maintain the integrity of their firm.
- Why is the course free?
- It's not a trick, you really get this course, certificates, and all our library for up to five users. You simply need a work email address. It's free because we believe in our product. And we think that once you try it, you'll come back to us again and recommend our system to your friends. So, what are you waiting for, get your course today.
- What devices do the courses work on?
- The courses work on any modern internet browser on any device. Whether you're using Chrome, Firefox, Safari or Edge on an iPhone, Android, Laptop or PC everything will work just fine.
- How does the money back guarantee work?
- Really easily. Just let us know you'd like a refund and we'll make it happen. No questions asked.