Anti-Money Laundering - Isle of Man

SESSION OVERVIEW

This webinar provides an essential anti-money laundering refresher and update for accountants.

It includes an overview of the Isle of Man's legal and regulatory framework and summarises the key controls and procedures required by practitioners for compliance with the AML regime.

The webinar also brings accountants up to date with recent events, including the application of sanctions following the Russian invasion of Ukraine. It considers the attitude and direction of travel of the authorities in both the Isle of Man and the UK regarding money laundering and economic crime and it reviews the main findings of the UK's National Risk Assessment 2020. Recent headline cases are discussed and the need for accountants to take a proportionate, risk-based approach is emphasised throughout.

At the end of the session practitioners will be aware of the threats both to their businesses and to themselves as individuals posed by organised criminals, terrorists, fraudsters and corrupt businessmen and have a good understanding of how best to manage them.

KEY FEATURES

• The modern economic crime threat landscape
• Anti-money laundering & terrorist financing refresher - definitions, scale, methodology, threats to accountants
• Summary of the law and regulations in the Isle of Man
• AML update, including the new sanctions regime
• CCAB Guidance
• Update on the new supervisory regime
• The key controls for accountants to manage their risks
• Review of recent cases

SPEAKER

Steve Giles (MA Oxon. ACA) Independent Consultant, Lecturer and Author

CPD Units

3 CPD Units

1 hour of learning = 1 unit of CPD

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

£60 + VAT (£72.00) per person

This event is organised by ACCA UK's Continuous Learning.

If you have any queries regarding this event please contact us on:

UKCL@accaglobal.com